Prysmian Daily News Update cover art

Prysmian Daily News Update

Prysmian Daily News Update

Written by: Prysmian S.p.A.
Listen for free

About this listen

 “Daily News Update” is Prysmian’s internal audio bulletin, created to share updates on company developments and industry trends. It covers the most relevant news about Prysmian, our sector, and beyond.Prysmian S.p.A. Politics & Government
Episodes
  • Fed under pressure as offshore wind rebounds in the US - Jan 13, 2025

    Fed under pressure as offshore wind rebounds in the US - Jan 13, 2025
    Jan 13 2026
    As of January 13, today’s news sees central banking tensions in the United States and developments in offshore wind projects. There is growing concern regarding the implications of recent actions by the Trump administration, particularly its efforts to undermine the independence of the Federal Reserve. A criminal inquiry targeting Fed Chair Jerome Powell has led to a rally of support from global central bank leaders and major bank CEOs, reflecting the importance of central bank stability amid political turbulence. Meanwhile, Orsted shares jumped 6% today after a U.S. court cleared the Danish offshore wind developer to resume work on its nearly completed Revolution Wind project, easing fears of multibillion-dollar losses. The ruling comes after repeated disruptions to offshore wind projects under U.S. President Donald Trump, who has criticized wind turbines as ugly, costly and inefficient. In other market updates, NKT announced the launch of a new dry-type high-voltage outdoor termination aimed at enhancing safety and minimizing environmental risks within power grids. Furthermore, TotalEnergies' CEO indicated that the firm is cautious about returning to Venezuela due to massive investment needs, despite political calls for reinvestment in the country's oil industry. Additionally, BlackRock's latest Investment Directions report shows investors favoring energy and infrastructure opportunities over traditional big tech investments as the marketplace evolves in the wake of AI advancements. Internationally, a G7 meeting convened by U.S. Treasury Secretary Scott Bessent discussed strategies to reduce reliance on Chinese rare earths, emphasizing the need for alternative supply chains and price stability in response to geopolitical tensions. On the world stage, Danish and Greenlandic foreign ministers are set to meet U.S. officials following escalating claims by Trump regarding Greenland, amid rising tensions over potential U.S. territorial ambitions in the Arctic. Finally, U.S. President Donald Trump urged Iranians today to keep protesting and said help was on the way, without giving details, as Iran's clerical establishment pressed its crackdown against the biggest demonstrations in years.
    Show More Show Less
    3 mins
  • Trump pressures the Fed as AI and copper surge - Jan 12, 2025

    Trump pressures the Fed as AI and copper surge - Jan 12, 2025
    Jan 12 2026
    As of January 12, today’s news highlights significant developments surrounding the Federal Reserve, U.S.-China relations, and the latest advancements in energy and technology sectors. The most notable highlight involves mounting pressure from President Donald Trump's administration on the Federal Reserve, targeting Chair Jerome Powell with threats of criminal indictment. This escalates an ongoing effort by Trump to exert greater control over the Fed, particularly concerning interest rates that he wishes to see cut. Meanwhile, Apple will use Google's Gemini models for its revamped Siri coming later this year under a multi-year deal that deepens the tech giants' alliance in the artificial intelligence era and bolsters Alphabet's position in the race against OpenAI. The deal announced Monday marks a major vote of confidence for Google. Turning to market updates, copper prices have shown an upward trend, inching towards record highs due to optimistic forecasts for demand in China, largely driven by the growth of data centers essential for artificial intelligence technologies. Benchmark copper prices recently rose by 1.6% to approximately 13,205 dollars per metric ton, buoyed by expectations for strong industrial demand, particularly in the electric vehicle sector and power grids. Meanwhile, Financial Times reported that Siemens Energy was the second-best performing German blue-chip stock in 2025, with its shares more than doubling, but the dramatic recovery has been too slow for some investors who see its struggling wind business weighing down its valuation. Looking at global scenarios, major oil companies have provided a sobering perspective on Trump's ambitious plans to invest in Venezuela's oil industry. The complexities surrounding security and legal matters pose significant hurdles to revitalizing the country’s production capabilities. The recent meeting between Trump and oil producers was perceived as a publicity win for the president but fell short of securing strong commitments for substantial investments. From Europe, the EU has established firm conditions for Chinese electric vehicle manufacturers to circumvent tariffs by committing to minimum pricing structures. This initiative aims to protect the European automotive industry from an influx of budget-friendly imports, an issue that has fueled trade tensions. Lastly, concerns have arisen over Trump's statements regarding Greenland, with European officials warning that a U.S. military takeover could jeopardize NATO's stability. This geopolitical tension has prompted discussions within both Denmark and the U.S. about the territory's future, underscoring the heightened global uncertainties.
    Show More Show Less
    3 mins
  • EU’s Mercosur deal advances amid tariff uncertainty - Jan 9, 2025

    EU’s Mercosur deal advances amid tariff uncertainty - Jan 9, 2025
    Jan 9 2026
    As of January 9, today’s news features the EU’s push on global trade agreements and renewed M&A activity in the mining industry. European Union countries backed a trade deal with the so-called Mercosur bloc of countries in South America, paving the way for the EU to sign its largest free-trade agreement next week. EU ambassadors supported the deal at a meeting in Brussels today, despite the opposition of France and a number of countries, according to people familiar with the matter, who spoke on the condition of anonymity. Meanwhile, Glencore shares rose by almost 10% today following news it is in talks with Rio Tinto about a potential takeover that would create the world's largest mining group, valued at almost 207 billion dollars. While Glencore gained, Rio Tinto shares fell by as much as 3%, reflecting investor scepticism towards a deal and concerns it will overpay. Turning to market updates, copper and nickel prices are anticipated to finish the week on a high note despite a recent selloff driven by profit-booking after favorable price rallies. The London Metal Exchange reported a rebound in copper prices, reflecting ongoing supply constraints, particularly in the U.S. The recent fluctuations in prices underscore the dual challenges of inflationary pressures and tariff-related uncertainties, influencing market dynamics significantly. Looking at broader macro trends, the U.S. Supreme Court is poised to announce rulings that may impact President Trump's global tariff regime, which has faced legal challenges questioning its legitimacy. This case could redefine presidential powers regarding economic controls, bearing implications for international trade and economic relations. In the energy sector, Barclays raised its price target for National Grid, referencing new growth opportunities in the UK energy landscape stemming from recent regulatory updates. Meanwhile, China is advocating for increased onsite renewable energy usage in industrial parks, indicating a strategic push for greener manufacturing processes. Amid these developments, U.S. President Donald Trump said he had canceled a second wave of attacks on Venezuela following cooperation from the South American nation.
    Show More Show Less
    3 mins
No reviews yet