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Le azioni di Kellanova salgono del 7,54% dopo l&#39;annuncio dell&#39;acquisizione da parte di Mars per 35,9 miliardi di dollari.

Azioni Kellanova in rialzo grazie a Mars

<a href="https://europeancapitalinsights.substack.com/p/french-court-suspends-presidential?r=3nmatg">A French court</a> barred the country's leading candidate in the 2027 presidential elections from<a href="https://www.lemonde.fr/en/politics/article/2025/03/31/marine-le-pen-s-2027-presidential-bid-in-jeopardy-after-paris-court-bans-far-right-leader-from-running-for-elections_6739692_5.html" target="_blank" rel="noreferrer noopener"> running for office for the five years</a> in another worrying sign democratic norms are eroding in the European Union (EU).
A Paris Criminal Court <a href="https://www.lemonde.fr/en/politics/article/2025/03/31/marine-le-pen-s-2027-presidential-bid-in-jeopardy-after-paris-court-bans-far-right-leader-from-running-for-elections_6739692_5.html" target="_blank" rel="noreferrer noopener">convicted</a> Marine Le Pen, the right-wing National Rally (RN), of "embezzlement of public funds." On March 31, the court sentenced 56-year-old leader to four years in prison, with two years suspended and two to be served under house arrest.
France is the<a href="https://x.com/eurocapinsights/status/1910329776704811252"> third member of NATO</a> this year to bar a candidate from running in elections.<a href="https://open.substack.com/pub/europeancapitalinsights/p/romania-sparks-protests-criticism?r=3s4bdp&amp;utm_campaign=post&amp;utm_medium=web&amp;showWelcomeOnShare=false" target="_blank" rel="noreferrer noopener"> Romania</a> barred a far-right populist from participating in May's upcoming presidential election. <a href="https://open.substack.com/pub/europeancapitalinsights/p/turkey-ignites-protests-lira-freefall?r=3s4bdp&amp;utm_campaign=post&amp;utm_medium=web&amp;showWelcomeOnShare=false" target="_blank" rel="noreferrer noopener">Turkey</a> <a href="https://www.al-monitor.com/originals/2025/03/turkey-arrests-37-more-protests-continue-over-imamoglus-detention" target="_blank" rel="noreferrer noopener">imprisoned</a> President Recep Tayyip Erdogan's political rival as well.
"In a democracy, the way to beat extremists…is at the ballot-box," Johns Hopkins University professor of political science Yascha Mounk told CNN on April 5. "If we empower courts to cancel the outcome of elections because we're shocked by who the winner is, we're very close to living in a system of government whose ultimate arbiters are judges rather than people."
Le Pen's RN received 37% of the votes, <a href="https://www.nytimes.com/2024/07/07/world/europe/france-election-results-national-rally.html" target="_blank" rel="noreferrer noopener">the most of any party</a>, in the <a href="https://europeancapitalinsights.substack.com/p/french-election-casts-shadow-over" target="_blank" rel="noreferrer noopener">French national election</a> in June. That represented a significant increase compared with <a href="https://x.com/GoodwinMJ/status/1810248126944403719" target="_blank" rel="noreferrer noopener">only 0.08% </a>of votes in 2007.
<h2 class="wp-block-heading">French Court Bars Le Pen As Popularity Grows</h2>
<a href="https://x.com/eurocapinsights/status/1910328924925534513">Le Pen's part</a>y has moved from margins of France's political landscape to the center. Partly driving that support has been the French resistance to the increase in foreign-born immigration.
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02a52a8d-82f1-498f-ab5a-3c01ef72f7e1_847x397.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02a52a8d-82f1-498f-ab5a-3c01ef72f7e1_847x397.png" alt="" /></a><figcaption class="wp-element-caption">Foreign-born population in France, source: Trading Economics</figcaption></figure>
Elabe, a pollster for France's BFMTV news broadcaster, reported that Le Pen would <a href="https://www.france24.com/en/france/20250406-french-far-right-rally-against-marine-le-pen-conviction-bardella-paris-marseilles-national-rally" target="_blank" rel="noreferrer noopener">easily win</a> the first round of France's presidential elections. Their April 5 poll showed Le Pen with about 36% of the vote, more than the most popular candidates in <a href="https://www.lejdd.fr/politique/sondage-presidentielle-2027-marine-le-pen-aux-portes-du-pouvoir-156523" target="_blank" rel="noreferrer noopener">recent history</a>.
Le Pen's prosecution is reminiscent of legal attacks against Donald J. Trump leading to the November US presidential elections. RN party officials accuse the French government of waging lawfare against Le Pen, given her popular support.
"She was the person who seemed most able to represent all the people who feel left behind and ignored and in that sense there is an obvious <a target="_blank" rel="noreferrer noopener" href="https://youtu.be/5AVoB_u922Q?feature=shared">parallel with Trump</a>," Cambridge University's professor emeritus of French history, Robert Tombs, told the Spectator.
<h2 class="wp-block-heading">Court Accuses Le Pen of Illegally Using EU Funds</h2>
The court ruled that Le Pen illegally used EU funds to hire four assistants as a European Parliament (EP) member. Prosecutors argued that the assistants worked on RN party matters, not just EP activities, from 2004 to 2017. They fined Le Pen €100,000.
In an interview on TF1, a French news broadcaster, Le Pen condemned the court&#8217;s ruling.
"Millions of French people are indignant," Le Pen said. "<a href="https://www.politico.eu/article/marine-le-pen-not-giving-up-presidential-plans-first-interview-since-guilty-verdict/" target="_blank" rel="noreferrer noopener">Indignant to an unimaginable extent</a> seeing that in France&#8230;judges have implemented practices that were thought to be the preserve of authoritarian regimes."
Le Pen's defense said they would appeal the verdict. They argued that the distinction between a politician's work as a party member and legislator is <a href="https://www.politico.eu/article/marine-le-pen-guilty-verdict-national-rally-viktor-orban-giorgia-meloni-kremlin-donald-trump-elon-musk-reactions/" target="_blank" rel="noreferrer noopener">artificial</a>. The Paris Court of Appeals will review the case within a <a href="https://www.france24.com/en/france/20250406-french-far-right-rally-against-marine-le-pen-conviction-bardella-paris-marseilles-national-rally" target="_blank" rel="noreferrer noopener">time frame</a> that may allow her to run if the conviction is overturned or the sentence is altered.
<h2 class="wp-block-heading">Court Decision May Undermine Business Confidence</h2>
The criminal court said allowing "a person who has already been convicted to be a candidate" would be a "<a href="https://www.politico.eu/article/marine-le-pen-guilty-verdict-national-rally-viktor-orban-giorgia-meloni-kremlin-donald-trump-elon-musk-reactions/" target="_blank" rel="noreferrer noopener">major disruption" to democracy</a>. In the past, the appeals court has postponed such types of sentences pending appeal.
The renewed political uncertainty will likely add to concerns about Europe's second-largest economy. In March, household confidence fell by one point to 92 from February. It remains below its long-term average, according to <a href="https://www.insee.fr/en/statistiques/8539978" target="_blank" rel="noreferrer noopener">INSEE</a> on March 26.
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4941eb16-386b-4c99-9834-fc88548b5a20_695x521.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4941eb16-386b-4c99-9834-fc88548b5a20_695x521.png" alt="" /></a></figure>
Households&#8217; opinion on their future standard of living in France has deteriorated. Their sentiment on the ability to save fell slightly. The<a target="_blank" rel="noreferrer noopener" href="https://tradingeconomics.com/france/consumer-confidence"> proportion of households</a> expecting prices to accelerate over the next 12 months increased.
France's March manufacturing climate indicator&nbsp;<a href="https://tradingeconomics.com/france/business-confidence" target="_blank" rel="noreferrer noopener">edged</a> to 96 from 97 in February. It missed market expectations as its moved below its long-term average of 100.
"France&#8217;s industry is failing to break out of recession," Dr Tariq Kamal Chaudhry, Economist at Hamburg Commercial Bank, <a href="https://www.pmi.spglobal.com/Public/Home/PressRelease/2e120e63866e4ffb94013807ac9f98cf" target="_blank" rel="noreferrer noopener">said</a> on April 1. "The situation remains sobering. French politics "remain a major impediment, as uncertainty from Paris hampers investment."
The CAC 40, a French benchmark stock index, fell 0.77% on the day of Le Pen's sentencing, closing at 7,790.
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02a62e28-d1d2-479a-b381-faf23486ed18_1600x705.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02a62e28-d1d2-479a-b381-faf23486ed18_1600x705.png" alt="" /></a><figcaption class="wp-element-caption">Source: TradingView</figcaption></figure>
<h2 class="wp-block-heading">Supporters Protest after French Court Bars Le Pen</h2>
From Paris to Marseille, Le Pen and the RN supporters protested on April 5 and 6 to protest the suspension. RN leader Jordan Bardella said the demonstrations called for a mobilization &#8220;<a href="https://www.france24.com/en/france/20250406-french-far-right-rally-against-marine-le-pen-conviction-bardella-paris-marseilles-national-rally" target="_blank" rel="noreferrer noopener">in support of French democracy</a>."
Ben Ansell, a professor of comparative democratic institutions at the University of Oxford, told CNN that Le Pen is "<a href="https://edition.cnn.com/2025/04/05/europe/le-pen-georgescu-judiciary-banning-candidates-intl/index.html" target="_blank" rel="noreferrer noopener">playing the victim</a>."
Far-left French parties held counter-demonstrations over the weekend of April 5. French President Emmanuel Macron's Renaissance party called the public outcry against the court's decision an "<a href="https://www.france24.com/en/france/20250406-french-far-right-rally-against-marine-le-pen-conviction-bardella-paris-marseilles-national-rally" target="_blank" rel="noreferrer noopener">existential threat to the rule of law</a>."
"There is no doubt that she is guilty of what she is charged with," Tombs said. Le Pen's actions are "not much of a crime," he added.
<h2 class="wp-block-heading">Le Pen, RN Support May Increase after French Court Ban</h2>
Prosecutors tried current Prime Minister François Bayrou and members of his Democratic Movement party on<a href="https://www.politico.eu/article/marine-le-pen-guilty-verdict-national-rally-viktor-orban-giorgia-meloni-kremlin-donald-trump-elon-musk-reactions/" target="_blank" rel="noreferrer noopener"> similar charges</a>. He won an acquittal because of insufficient evidence of direct involvement. The prosecution has challenged his acquittal.
Le Pen&#8217;s behavior is not "uncommon" for politicians who are members of the EU parliament, Tombs said. "So the questions would be <a href="https://youtu.be/5AVoB_u922Q?feature=shared" target="_blank" rel="noreferrer noopener">why now and why her?</a>"
Bardella would likely take Le Pen's place as the party's candidate. He would win around <a target="_blank" rel="noreferrer noopener" href="https://www.rtl.fr/actu/politique/info-rtl-presidentielle-2027-jordan-bardella-largement-en-tete-des-intentions-de-vote-pour-le-1er-tour-7900489311">36% of the vote</a> in the next presidential election.
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F69e4fc74-bca7-45c1-9ef5-f47b2bbe97ba_1280x721.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F69e4fc74-bca7-45c1-9ef5-f47b2bbe97ba_1280x721.png" alt="" /></a><figcaption class="wp-element-caption">April 4 Toluna poll. Source: <a target="_blank" rel="noreferrer noopener" href="https://www.rtl.fr/actu/politique/info-rtl-presidentielle-2027-jordan-bardella-largement-en-tete-des-intentions-de-vote-pour-le-1er-tour-7900489311">INFO RTL</a></figcaption></figure>
The sentence against Le Pen may prevent her from becoming France's next president. "It is likely to add to the <a href="https://www.epc.eu/en/publications/Le-Pens-sentence-will-lead-to-greater-polarisation-in-France~63b564" target="_blank" rel="noreferrer noopener">political instability and uncertaint</a>y,&#8221; European Policy Centre's policy analyst Eric Maurice wrote after the court ruling.
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.&nbsp;
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

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Why France's Industry Is Failing To Break Out Of Recession?

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Establishment Labs Holdings shares are trading lower. The company issued Q1 revenue guidance.

Citigroup analyst Jason Gursky maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Buy and lowers the price target from $111 to $107.

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Analyst Ratings

Citigroup Maintains Buy on Textron, Lowers Price Target to $107

BTDR

Bitdeer Technologies Group shares are trading lower after Rosenblatt cut its price target from $25 to $12.

Citigroup analyst Jason Gursky maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Buy and lowers the price target from $153 to $148.

Citigroup Maintains Buy on RTX, Lowers Price Target to $148

FTRE

Fortrea Holdings shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and cut its price target from $12 to $6.

Citigroup analyst Jason Gursky maintains L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) with a Buy and lowers the price target from $285 to $245.

Citigroup Maintains Buy on L3Harris Technologies, Lowers Price Target to $245

Citigroup analyst Andrew Kaplowitz maintains GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Buy and lowers the price target from $235 to $227.

Citigroup Maintains Buy on GE Aerospace, Lowers Price Target to $227

Citigroup analyst Jason Gursky maintains General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) with a Buy and lowers the price target from $335 to $330.

Citigroup Maintains Buy on General Dynamics, Lowers Price Target to $330

Trading Halt: Halt status updated at 11:50:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Citigroup analyst Jason Gursky maintains Curtiss-Wright (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) with a Buy and lowers the price target from $450 to $424.

Citigroup Maintains Buy on Curtiss-Wright, Lowers Price Target to $424

Citigroup analyst Ronald Josey maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and lowers the price target from $229 to $195.

GOOG

GOOGL

Citigroup Maintains Buy on Alphabet, Lowers Price Target to $195

Runway AI, a generative video <a href="https://www.benzinga.com/25/01/42783039/kobold-metals-raises-537-million-targets-going-public-within-a-few-years">startup</a> based in New York, has just secured more than $300 million in funding. General Atlantic led the round with support from key-name backers such as Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Fidelity Management &amp; Research Company, Baillie Gifford, and SoftBank Vision Fund 2, according to <a href="https://www.msn.com/en-us/money/other/nvidia-takes-part-in-300m-funding-round-of-ai-video-startup-runway/ar-AA1Chyax">Seeking Alpha</a>.&nbsp;
This new funding raises Runway&#8217;s valuation to $3 billion, <a href="https://www.bloomberg.com/news/articles/2025-04-03/ai-video-startup-runway-valued-at-3-billion-in-funding-round">Bloomberg</a> reported.
The <a href="https://www.benzinga.com/personal-finance/25/03/44374276/reddit-explodes-over-dividend-math-how-much-would-the-annual-dividend-be-for-a-280k-investment-investors-debate-schds-future-growth">investment</a> showcases strong investor confidence in AI-generated media as a promising frontier for innovation. Runway plans to use the new funding to boost research and expand its reach across the media and entertainment industries. The company is also growing its team of researchers and engineers to accelerate the development pipeline.
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<h2 class="wp-block-heading">Pushing the Boundaries of AI Video</h2>
Runway AI recently released Gen-4, its most advanced media generation model to date. Gen-4 delivers precise and consistent visual outputs across characters, locations, and objects in multi-scene compositions, and is meant to enable professional-level storytelling and production at scale.
The company also announced the expansion of Runway Studios, which focuses on creating original film and animation projects using the startup&#8217;s proprietary foundation models. Runway Studios is a key player in proving its AI models in action, in real-world, commercial settings.
According to Bloomberg, Runway AI's tools have already been used in a number of high-profile projects, including in scenes for Amazon's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)​ upcoming House of David series, visuals for a Madonna world tour, and branded content for Puma. Runway's AI involvement in these productions shows the increasing need for scalable media solutions to deliver quality and efficiency.
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<h2 class="wp-block-heading">Strategic Partnerships Shape the Next Phase</h2>
Runway AI has also signed an agreement with Lionsgate to train AI models using the studio's content. These models can then be used for future movie productions.&nbsp; CEO and co-founder Cristóbal Valenzuela told Bloomberg that the company is developing more partnerships with studios focused on exploring the possibilities of AI-generated content, but he didn't disclose names.
Valenzuela reiterated the company's commitment to collaborating with creative professionals to push the boundaries of modern storytelling with the Gen-4 model and the ongoing studio collaborations at the heart of that, Bloomberg reported.&nbsp;
<h2 class="wp-block-heading">Strong Backing from Tech and Finance Leaders</h2>
Runway AI's investor base includes a mix of new and existing backers who see generative video as a high-growth sector. Nvidia's involvement reflects its continued push into physical AI and its broader ambitions beyond generative text and image tools. Fidelity and Baillie Gifford, both known for placing long-term bets on innovative companies, have also made clear that they believe in Runway's ability to lead the AI media generation space.
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SoftBank Vision Fund 2, managed under SoftBank Group, has been increasingly focused on supporting companies creating foundational models and production tools within AI. General Atlantic's role in this round underscores the growing interest in digital transformation via AI.
<h2 class="wp-block-heading">A Strong Position in the Generative AI Landscape</h2>
Runway AI's momentum positions it in a select group of startups transforming the way media is created, produced, and distributed. With its $3 billion valuation and backing from the biggest names in tech and finance, the company is poised to shape the future of the creative industries.
The focus remains on advancing AI research while delivering tools that help creators meet the rising demand for high-quality content at scale.
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AMZN

NVDA

Runway AI Secures $300M From Nvidia And Fidelity To Revolutionize Film With Gen-4 Model And Studio Deals Raising Its Valuation To $3B

Citigroup analyst Jon Tower maintains Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) with a Neutral and lowers the price target from $71 to $47.

KRUS

Citigroup Maintains Neutral on Kura Sushi USA, Lowers Price Target to $47

AAL,ABNB,ALGT,ALK,BA,BKNG,CCL,CUK,DAL,EXPE,H,HGV,HLT,JBLU,JTAI,LUV,MESA,NCLH,RCL,RYAAY,SKYW,TH,UAL,WH

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Shares of travel and tourism-related companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

ITT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) shares traded lower premarket on Thursday. The company disclosed preliminary results for the first quarter and <a href="https://www.benzinga.com/pressreleases/25/04/b44730782/itt-announces-preliminary-2025-first-quarter-results-and-intent-to-repurchase-up-to-500-million-of" target="_blank" rel="noreferrer noopener">approved the share repurchase</a>.
Outlook: The company expects orders of $1.0 billion, up 7% or 2% organically year over year (Y/Y), led by pump <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">project and connectors&#8217; awards</a>.
ITT projects revenue of over $900 million vs. the consensus of $901.06 million, which is flat on a GAAP and organic basis in the quarter.
Revenue growth is expected to be aided by strength in pumps aftermarket, connectors and rail, offset by weak aerospace demand.
The company anticipates an adjusted operating margin of 17.4%, impacted by unfavorable foreign currency.
ITT sees adjusted EPS of $1.43 to $1.45 (vs. street view of $1.43) in the first quarter.
Buyback: Subject to market conditions, the company plans to repurchase up to an additional $500 million in shares.
As of March 29, 2025, ITT had $875 million remaining under its $1 billion indefinite share repurchase plan approved in 2023.
The company plans to r<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">elease first-quarter results on May 1</a>.
Last month, ITT launched VIDAR, a compact smart motor with built-in variable speed intelligence designed to reduce <a href="https://www.benzinga.com/pressreleases/25/03/b44372626/itt-launches-vidar-a-revolutionary-industrial-smart-motor-that-lowers-operating-costs-and-drastica" target="_blank" rel="noreferrer noopener">energy use, CO2 emissions, and costs</a>.
This, formerly known as the Embedded Motor Drive (EMD), marks ITT&#8217;s entry into the $6 billion industrial motor market.
Investors can gain exposure to the stock via&nbsp;Gabelli Automation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAST#NYSE">GAST</a>) and Neuberger Berman ETF Trust Neuberger Berman Small-Mid Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBSM#NYSE">NBSM</a>).
Price Action: ITT shares are down 1.87% at $123.04 premarket at last check on Thursday.
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Photo: Shutterstock

Guidance

GAST

Neuberger Berman ETF Trust Neuberger Berman Small-Mid Cap ETF

NBSM

ITT Q1 Preliminary Results: Flat Revenue, Eyes $1 Billion In Orders, $500 Million In New Buybacks & More

Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares are tumbling on Thursday amid rising trade tensions between the <a href="https://www.benzinga.com/markets/equities/25/04/44728758/trumps-tariffs-could-push-apple-iphone-prices-to-a-staggering-3500-says-top-analyst">United States and China</a>.
What To Know: Nike shares are down about 25% over the past month as Trump administration tariffs threaten the company's supply chain. Nike imports most of its products from China, Vietnam, and Indonesia. 
President Donald Trump announced sweeping reciprocal tariffs on numerous nations last week. The Trump administration slapped 46% reciprocal tariffs on Vietnam, 34% tariffs on China and 32% tariffs on Indonesia. 
Trump has since announced a 90-day pause on tariffs for a majority of countries, but the ongoing trade war with China has intensified in recent days. 
CNBC said Thursday morning on &#8220;Money Movers&#8221; that a White House official confirmed that the total tariff rate against China has grown to 145% as the trade war between the world&#8217;s two largest economies continues to escalate.
Related Link: <a href="https://www.benzinga.com/markets/equities/25/04/44711364/kevin-oleary-calls-for-hefty-400-us-tariffs-on-china-they-dont-play-by-the-rules">Kevin O&#8217;Leary Calls For Hefty 400% US Tariffs On China: &#8216;They Don&#8217;t Play By The Rules&#8217;</a>
China&#8217;s commerce ministry reportedly said Thursday that it&#8217;s open to discussions with the U.S. on the basis of mutual respect but will continue to push back against tariffs if the U.S. continues down the path it&#8217;s currently on, per Reuters.
The report indicates that China commerce&nbsp;ministry spokesperson He Yongqian said threats and blackmail attempts from the U.S. are not the right way to try to make a deal with China. He reportedly said China will &#8220;follow through to the end&#8221; if the U.S. does not change its course. 
Nike shares rallied alongside the broader market on Wednesday after Trump announced a 90-day pause on tariffs. The stock is giving back its gains on Thursday. 
Stifel analyst Jim Duffy maintained Nike with a <a href="https://www.benzinga.com/analyst-stock-ratings">Hold rating</a> on Thursday and lowered the price target from&nbsp;$75&nbsp;to&nbsp;$64.
NKE Price Action: <a href="http://benzinga.com/quote/nke" target="_blank" rel="noreferrer noopener">Nike shares</a> were down 10.3% at $53.18 at the time of publication Thursday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

Global

Nike Stock Tumbles As US-China Trade War Intensifies: What You Need To Know

Barclays analyst Manav Patnaik maintains Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) with a Equal-Weight and lowers the price target from $80 to $50.

Barclays Maintains Equal-Weight on Robert Half, Lowers Price Target to $50

Barclays analyst Julian Mitchell maintains 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) with a Overweight and lowers the price target from $165 to $160.

Barclays Maintains Overweight on 3M, Lowers Price Target to $160

Barclays analyst Julian Mitchell maintains Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) with a Equal-Weight and lowers the price target from $280 to $260.

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