Battaini talks, EV shifts and global tensions - July 4, 2025

As of July 4, major developments range from trade policies to renewable energy initiatives and geopolitical tensions. Some highlights from the news include updates from Prysmian, as Massimo Battaini, CEO, participated in an interview with Sky tg24, reiterating the company’s strategic focus and future endeavors. Additionally, Citigroup has raised its target price for Prysmian shares to 69 euros from 66 euros, reflecting confidence in the company's growth prospects amid a challenging market environment. Turning to market updates, the U.S. electric vehicle tax credits are set to expire on September 30, following the passage of a new tax-cut bill. This legislation, while enhancing benefits for traditional automakers, has raised concerns among clean energy advocates who argue it will hinder the growth of the EV market and diminish U.S. competitiveness in this sector. In the wake of this, Tesla's sales saw a moderate year-on-year increase in June. Meanwhile, Britain launched its first-ever onshore wind strategy aimed at creating around 45,000 jobs while boosting renewable energy capacity. In global scenarios, Germany is pushing legislation to expedite geothermal energy projects as part of its broader efforts to phase out fossil fuels by 2045. Similarly, India is looking to enhance its copper production by inviting foreign investments and establishing smelters amid rising domestic demand. From the international front, President Trump spoke with Ukrainian President Zelenskiy regarding increasing defense capabilities against Russian strikes, emphasizing international cooperation and joint defense production. As geopolitical tensions rise, discussions surrounding military aid remain critical for Ukraine’s defense strategy.