Bayer

DAX Rises; Bayer Hits Three-Year High

European markets rose as the DAX gained 0.6%, trading clearly above 25,000 points, while the MDAX and Euro Stoxx 50 also advanced. Bayer and Deutsche Bank were among the DAX's biggest winners; Bayer shares jumped after the company announced the US glyphosate business will be placed into a standalone unit named Ruveon and after a Deutsche Bank upgrade, lifting the stock to about €51 — a three‑year high. European defence names including Rheinmetall continued to recover ahead of a quarterly report. On Wall Street the Dow was around record levels while the Nasdaq trimmed recent gains; Bloomberg reported Meta may build a cloud infrastructure business to sell excess AI compute and models, a move that benefited Meta shares but hurt specialist “neocloud” providers. Oil prices slipped for a third day as the Strait of Hormuz reopened, pressuring Brent and WTI.

Kimberly‑Clark CGO Patricia Corsi to Exit

Kimberly‑Clark chief growth officer Patricia Corsi is set to leave the company later in 2026. Her departure comes as Kimberly‑Clark prepares to complete its roughly $40 billion acquisition of Kenvue in the second half of 2026; the combined company is expected to generate about $32 billion, pending regulatory approval. Under a post‑closing leadership restructuring announced in April, Carlos De Jesus, currently president of Kenvue North America, will become Kimberly‑Clark’s chief growth officer once the deal closes. Corsi joined Kimberly‑Clark in 2024 after a five‑year stint at Bayer as chief marketing, digital and information officer.

Dax Falls as Tech Rally Appears to Fade

European and US stock markets slid at the end of the week as renewed weakness in the technology sector weighed on benchmarks. The Dax closed down 1.3% at 24,671, marking a monthly decline for June, while the Nasdaq 100 showed roughly a 4–5% weekly loss. Semiconductor and AI‑linked chip names led the selloff after traders took profits following recent gains; Micron’s prior results-driven rebound was described as fleeting. Corporate headlines included a manager magazin report that Volkswagen may cut up to 100,000 jobs. Commodity markets saw oil prices fall after Saudi Aramco resumed shipments from Ras Tanura and reports of greater tanker movements, leaving Brent around $73.70 and WTI near $70.34 per barrel. Analysts cited concerns about chip demand sustainability amid product price increases at major device makers.