•President Trump signed an executive order reducing tariffs on primary aluminum imports from 50% to 25% for companies investing in new domestic production.
•Destination XL Group reversed its stance and now recommends stockholders vote against the share issuance proposal required to complete the merger with FullBeauty Brands.
•The board cited a challenging consumer environment, FullBeauty's indebtedness, and concerns over substantial economic dilution for DXL stockholders as reasons for the reversal.
•Frasers Group increased its stake in German fashion house Hugo Boss above 30%, triggering a mandatory takeover offer threshold under German regulations.
•The group acquired an additional 2.55 million shares, representing approximately 3.69% of the company, following the exercise of put options by counterparties.
•Statkraft CEO warned that European electricity prices could stay elevated longer due to Middle East conflict and low natural gas and Nordic hydropower reservoir levels.
