Rheinmetall AG $RHM.DE is rapidly redefining its role within the European equity landscape. The company, recognized as a key supplier of military vehicles and ammunition, has demonstrated record-breaking share price growth amid heightened defense spending across Europe. As a result, Rheinmetall is set to enter the prestigious Euro Stoxx 50 benchmark on June 20, displacing Kering SA $KER.PA, the French luxury group best known for the Gucci brand.
The Trump administration’s decision to integrate Boeing Co. $BA aircraft deals into the fabric of trade negotiations has elevated the importance of the aerospace sector within international commerce. By utilizing substantial aircraft contracts as bargaining instruments, US officials are reshaping bilateral discussions and establishing Boeing as a focal point in trade diplomacy.
Eramet SA $ERA.PA experienced a sharp decline in its share price, tumbling as much as 5.7%, after Gabon announced a plan to halt exports of manganese ore starting in 2029. This policy change raises critical concerns for the Paris-listed miner, given that Gabon represents its primary source of profitability. Friday’s declaration signals a turning point for the global manganese market, particularly for companies reliant on Gabonese supply streams.
Sanofi and Regeneron Pharmaceuticals faced notable share price declines after mixed results from late-stage clinical trials of their experimental drug, itepekimab, targeting chronic obstructive pulmonary disease (COPD) in former smokers. On Friday, Sanofi disclosed that its phase III trials produced diverging efficacy data. In one study, the drug demonstrated a 27% reduction in the rate of COPD exacerbations, suggesting meaningful therapeutic potential. However, parallel research failed to replicate these benefits, despite earlier, more positive interim outcomes.
Kohl’s Corp. $KSS delivered quarterly results that, while still negative, outperformed market consensus and offered respite amid recent internal disruptions. The retailer reported a 3.9% decline in comparable sales for the three months ending May 3. This contraction came in better than analysts expected, and outperformed Kohl’s own forecast of a 4–4.3% decrease. Net revenue landed at USD 3 billion, aligning with the average Wall Street estimate.
Apple Inc. $AAPL shares are amid their most protracted losing streak in over three years, reflecting mounting investor unease. The eight-session slide, the longest since January 2022, erased about 3% from AAPL’s market value by the end of last week, followed by a 1.7% uptick on Tuesday. Volatility underscores the growing uncertainty tied to both market sentiment and external political factors.
John Wood Group Plc, a notable player in the engineering market, recently announced that it has received a non-binding acquisition offer from competitor Sidara. This news represents a significant event for shareholders and analysts, especially considering the context of the recent challenges Wood has faced.
