The IAG share price continues its rebound and is within touching distance of its all-time high. It was trading at 410p, its highest point since February 2020. It needs to rise by just 7.5% to hit its record high. 

Why IAG share price is soaring

The IAG stock price has experienced a strong surge, rising from its pandemic low of 84p to the current 410p, representing a 360% increase that has propelled its market capitalization to over £18.8 billion. 

IAG, the parent company of companies like British Airways, Iberia, LEVEL, and Aer Lingus, has become one of the best-performing companies in the FTSE 100 Index in the past few years. 

This growth happened as the company continued its turnaround efforts, which have paid off in the past few years. A good example of this is what happened in the first half of the year when revenue jumped by 8% to €15.9 billion. 

Its revenue and other profitability metrics were in line with what analysts were expecting. For example, the company’s operating profit jumped by 43% to €1.87 billion in the first half. It jumped by 35% to €1.68 billion in the second quarter.

IAG’s business has benefited from the ongoing transatlantic demand, which has held well despite the recent trade issues between the United States and Europe. It also has a leading market share in the Latin America and Caribbean and European divisions.

On top of this, the company has boosted its business and is now making substantial sums of money from the premium segment and its loyalty programs.

And the company is not done yet as it continue to implement policies that will boost it performance. For example, the company aims to achieve a medium-term operating margin between 12% and 15%. 

British Airways, which competes with Delta Air Lines and United, aims to grow its operating profit to 15% by investing more in its premium and loyalty program.

In addition, the company is investing in its Spanish operations, with Iberia aiming to achieve an operating profit of €1.4 billion. 

IAG share price has also done well as the management has continued to delever its balance sheet. Its net debt dropped to €5.4 billion in the from €7.5 billion in the same period last year. 

The company is returning funds to investors. It plans to return about €1.5 billion to shareholders through dividends and share buybacks. 

The next key catalyst for the IAG share price will be its earnings, which will come out on Friday next week. The consensus among 22 analysts is that it operating profit will be €2.09 billion, a big increase from what it made last year.

IAG stock price technical analysis 

The monthly chart shows that the IAG stock price has bounced back in the past few years. This rebound happened after it formed a double-bottom pattern at 87.45p in 2020 and 2023. This is one of the most common bullish reversal sign.

The stock has remained above all monthly moving averages, a sign that bulls remain in control. At the same time, the Relative Strength Index (RSI) and the MACD indicators have continued moving upwards.

Most importantly, there are signs the bulls are targeting the all-time high of 440p, which may happen soon, potentially after its financial results. A move above that level will point to more gains, potentially to 500p.

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Europe markets kicked off the week in high spirits on Monday, as investors responded enthusiastically to positive signals from major economies and core indices touched record territory.

The opening hours saw a broad rally, buoyed by optimism on US-China trade negotiations, softer-than-expected US inflation, and expectations of an imminent Federal Reserve rate cut, setting a bullish tone across the continent.

The pan-European Euro STOXX 50 opened above 5,685, extending a robust run that has seen the index climb more than 3% over the past month and more than 14% year-on-year.

Across the major bourses, the FTSE 100, DAX, and CAC 40 all posted early gains, drawing further strength from upbeat corporate earnings, a recovering energy sector, and new highs for tech shares.

Europe markets: Record highs and sectoral winners

European markets kicked off the week on a strong note.

The Euro STOXX 50 opened at 5,685, not far from its recent all-time high, while the FTSE 100 jumped past 9,664 as investors cheered solid UK retail numbers and a brighter outlook for consumer spending.

Germany’s DAX also opened higher, helped by strength in carmakers and tech names, particularly those riding the global semiconductor boom like ASML and ASMI.

France joined the party too, with the CAC 40 lifted by big luxury names and energy stocks making a comeback as oil prices steadied.

Sector rotation is still the big story in Europe right now. Tech and healthcare continue to lead recent gains, with chipmakers among the session’s standout performers thanks to growing demand for AI hardware and fresh cross-border deals.

The auto sector kept accelerating, especially EV names, while pharma and insurers added their usual dose of defensiveness.

Energy stocks like BP and Shell bounced after new EU sanctions on Russian oil, giving risk sentiment another push.

Even with growing optimism around trade talks and potential policy easing, it’s not an all-in risk rally.

Investors are piling into growth names, but there’s still money flowing into defensives, a sign that worries about global growth and inflation haven’t gone away.

Key drivers and sentiment

Monday’s rally was driven largely by big-picture news and central bank cues. Investors are now almost fully expecting a 25-basis-point rate cut from the Fed later this week, especially after softer US CPI data boosted hopes of looser monetary policy.

At the same time, US–China talks in Malaysia have helped ease trade tensions, which in turn lifted European exporters and global equities as diplomatic momentum improves.

Closer to home, European earnings season has been better than expected so far. Solid results from big names in tech, retail, and finance have reassured investors that the recovery is still on a sturdy footing.

Meanwhile, Eurozone GDP and inflation figures are still coming in broadly in line with forecasts. Even with energy shocks and geopolitical noise in the background, the data continues to show steady.

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The Deutsche Bank share price remains in a tight range as investors wait for its third-quarter financial results. DBK, the biggest bank in Germany, was trading at €29, down from the year-to-date high of €32.17. It is up by ~90% from its lowest point this year.

Deutsche Bank earnings ahead

Deutsche Bank will publish its financial results this week. Based on the numbers by top companies like JPMorgan, Barclays, and Unicredit, chances are that its business will record strong financial results. 

The most recent numbers showed that its revenue rose by 6% in the first half of the year to €16.3 billion. This growth means that the company is on track to hit its €32 billion revenue goal.

Deutsche Bank’s management, under Christian Sewing, has also worked to reduce its costs. Its non-interest expenses dropped to €10.6 billion, down from the previous €12 billion. 

All four businesses did well in the year’s first half. The Corporate Bank’s profit before tax rose to €1.4 billion, while the investment bank, private bank, and asset management rose by 18%, 50%, and 52%, respectively. 

The upcoming results will likely show that the company continued doing well in the third quarter. One major aspect is that banks with investment banking business are thriving as the sector bounces back.

Data shows that deals worth over €1 trillion were announced in the last quarter. This benefited advisors like Deutsche Bank. 

At the same time, the volatility in the financial market has boosted its fixed income and currencies (FIC) business. Its FIC revenue jumped by 11% in the last quarter to €2.3 billion partly because of Donald Trump’s tariffs that led to substantial volatility in the market. 

READ MORE: Here’s why the Deutsche Bank share price is surging

The company is also benefiting from an improvement in provisions for bad credit. These provisions stood at €423 million in the second quarter, down by 10% from the same period last year. The same happened in the first half of the year.

Deutsche Bank’s management has also worked to improve its balance sheet, allowing it to return more money to shareholders. Its Common Equity Tier 1 Capital Ratio rose to 14.2% from the previous €13.8%.

Deutsche Bank share price analysis is sending mixed signals

The daily timeframe chart shows that the DBK stock price has been under pressure in the past few months. It formed a double-top pattern at €32, its highest point in August and September this year. 

The stock is now hovering at the neckline of this pattern at €29.20, its lowest point in September. It has moved below the 50-day Exponential Moving Average (EMA), confirming the bearish outlook.

On the positive side, Deutsche Bank’s stock price has formed a bearish reversal pattern. This pattern happens when an asset forms a down-gap and then consolidates for a while. It often leads to a rebound, which may happen after its earnings this week. 

On the flip side, a move below the lower side of the island at €28.20 will confirm a bearish breakout.

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The IBEX 35 Index has done well this year and is now hovering at its all-time high. It has jumped by about 40% from its lowest point this year, making it one of the best-performing indices in Europe. 

The index, together with its other European peers, will react to the upcoming European Central Bank (ECB) interest rate decision. It will also react to earnings by some of the biggest constituents. This article explores some of the top IBEX 35 stocks to watch this week.

Santander (SAN)

Banco Santander, the biggest bank in Spain, will be one of the top IBEX 35 stocks to watch this week. It will be in the spotlight as it publishes its financial results on Wednesday. 

These results come as the stock has pulled back by over 5% from its highest point this year. It has jumped by 126% from its lowest level last year, mirroring the performance of other European banks. 

The most recent results showed that Santander’s net interest income dropped by 0.3% to €10.59 billion in the second quarter. Its total income fell to €14.5 billion, while its profit before tax fell to €4.41 billion.

The results come as investors have been concerned about it $55 million exposure to First Brands,  an American company that filed for bankruptcy recently. The company is also about to close its TSB buyout in the UK. 

Banco Sabadell (SAB)

Banco Sabadell is another top company in the IBEX 35 to watch this week. Its stock was trading at €3.1, down by 9.2% from its highest point this year. It hs jumped by over 88% from its lowest point this year.

Banco Sabadell stock has been in the past few months as it fended a hostile takeover from BBVA. It won this battle as BBVA secured less than 26% of the vote. 

Sabadell argued that the deal undervalued its business, meaning that it will now need to prove its worth by reporting strong results. Its stock will be in the spotlight as it publishes its financial results on Monday. 

Iberdrola (IBE)

Iberdrola is another top IBEX 35 stock to watch this week as it releases its numbers on Tuesday. For starters, Iberdrola is a major energy company that serves over 100 million customers worldwide. It has over 500,000 shareholders and is one of the top players in the clean energy industry. 

Iberdrola stock price has jumped by 40% from its lowest point this year and is now trading at it all-time high. This happened as the company reported record earnings, with it net profit jumping to over €3.52 billion in the first half of the year. 

Its management expects to make over €7.6 billion in annual profits and to pay €20 billion in dividends between 2024 and 2028. Therefore, the Iberdrola stock price will react to its earnings this week.

CaixaBank (CABK)

CaixaBank, like other top European banks, has done well this year as its earnings have done well. It has jumped by over 83% from its lowest level this year. 

The most recent results showed that its net interest income was €5.28 billion, down from €5.57 billion in the same period last year, while its profit after tax jumped to €2.95 billion. Therefore, its stock, which has pulled back a bit this month, will react to the earnings report on Friday. 

The other top IBEX 35 stocks to watch this week will be Repsol, BBVA, and Ferrovial. Additionally, the index will react to the upcoming Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions, as well as the meeting between Xi Jinping and Trump.

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Australia is expanding its regional cybersecurity network, pledging A$83.5 million ($54.4 million) to strengthen defences across the Indo-Pacific amid rising cross-border digital threats.

The four-year plan, running until 2028, underscores Canberra’s view that cyberattacks have evolved beyond national boundaries and require collective action.

According to a Bloomberg report, the funding, channelled through Australia’s Southeast Asia and Pacific Cyber Program, was announced by Assistant Minister for Foreign Affairs and Trade Matt Thistlethwaite in Hanoi during a United Nations plenary on the convention against cybercrime, where Australia reaffirmed its commitment as a signatory.

Strengthening cross-border cyber capacity

The investment aims to help Southeast Asian and Pacific nations develop cyber-resilience frameworks, enhance law-enforcement coordination, and build digital forensics capabilities.

Australia’s approach highlights a growing focus on regional cooperation rather than purely domestic fortification.

Thistlethwaite explained that cybercriminals increasingly operate across jurisdictions — establishing networks in one country, using forced labour from another, and targeting victims elsewhere.

The model reflects the rise of transnational cyber-scams and ransomware rings.

According to the United Nations, cybercrime is expected to cost the global economy around $10.5 trillion annually by 2025, citing data from industry experts.

The new program, aligned with Australia’s Indo-Pacific strategic objectives, also supports regional partners in implementing international cyber norms.

It follows concerns about critical infrastructure attacks and the weaponisation of personal data, both of which threaten economic stability and public trust in digital governance.

Global economic losses reach hundreds of billions

Cyberattacks have become a financial and social burden on a global scale.

Bloomberg reports that the Global Anti-Scam Alliance — a consortium of technology firms, financial institutions, and cybersecurity specialists — reported earlier this month that consumers lost an estimated $442 billion in the past year to online scams.

The figure highlights how fraudulent activities are growing in sophistication, exploiting gaps between regulatory systems.

In Australia alone, cybercrime is projected to cost the economy over A$12.5 billion in the 2024-2025 financial year.

Losses from digital theft, data breaches, and business email compromise incidents have placed immense pressure on both private firms and public agencies.

Thistlethwaite warned that hackers frequently target government databases, healthcare systems, and companies holding sensitive intellectual property.

Coordinating regional cyber responses

Australia’s funding announcement coincides with global efforts to finalise a multilateral treaty on cybercrime under the UN framework.

The signing event in Hanoi brought together member states seeking to align enforcement mechanisms against crimes such as ransomware, online child exploitation, and financial fraud.

Thistlethwaite’s participation underscored Australia’s dual role as both a donor and a policy driver.

The new allocation extends existing partnerships in Southeast Asia and the Pacific, where Canberra has been providing training and digital security support.

The initiative aims to bridge capability gaps between developed and developing economies, ensuring a more balanced response to threats that affect trade, communication, and governance systems.

By investing in preventive capacity rather than reactive measures, Australia is betting on long-term resilience.

The program will also help smaller nations adopt secure-by-design principles, improve data-sharing standards, and implement frameworks for rapid incident response.

Cybersecurity as regional diplomacy

The move positions cybersecurity as a key pillar of Australia’s diplomatic outreach in the Indo-Pacific.

It complements broader security strategies focused on infrastructure, maritime safety, and supply chain integrity.

Canberra’s stance aligns with global recognition that digital stability is integral to both national security and economic growth.

As cyber risks evolve, Australia’s new investment signals a shift from isolated enforcement to shared protection.

Through partnerships built on technical expertise and mutual trust, the country aims to create a unified digital defence network capable of countering the complex, borderless nature of cybercrime.

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Japanese automaker Honda Motor is expanding its global sustainability footprint by entering India’s distributed clean energy sector for the first time.

The company has taken an equity stake in OMC Power, a renewable energy services provider backed by Mitsui & Co. and Chubu Electric Power, to jointly develop storage-based clean power solutions.

The partnership marks a strategic move for Honda to extend the lifecycle of electric-vehicle batteries while contributing to rural electrification and energy resilience across India.

The project, due to begin in January 2026, aligns with global trends in circular battery use and decentralised grid systems.

Japan-India collaboration to boost decentralised energy

Honda’s investment in OMC Power marks a rare example of a Japanese automaker directly participating in India’s distributed renewable energy market — a sector traditionally led by domestic clean-tech firms.

OMC Power operates over 500 renewable energy plants across northern and central India, providing electricity to telecom operators, healthcare facilities, small and medium enterprises, and rural households through mini-grids and battery storage units.

Distributed energy systems are designed to serve specific sites or regions and can function either independently or in connection with national grids, improving energy access in remote areas.

With Honda’s entry, the collaboration adds global expertise in battery engineering to India’s growing network of localised renewable energy providers.

Giving used EV batteries a second life

The core of the initiative lies in repurposing Honda’s detachable and portable EV batteries, originally designed for its two- and three-wheeler vehicles.

These used batteries will be refurbished and redeployed by OMC Power as storage units for rural mini-grids, helping to stabilise power supply and cut costs for small businesses.

By integrating Honda’s battery technology into existing clean-energy infrastructure, the partnership supports a circular energy model, extending the operational life of electric-vehicle batteries beyond transportation use.

This also reduces the environmental footprint associated with lithium-ion battery production, addressing one of the most pressing challenges in the transition to electric mobility: battery waste and recycling.

Rural businesses to benefit from clean power storage

The project, set to commence operations in early 2026, aims to make renewable electricity more reliable and affordable for rural entrepreneurs and micro-industries.

Many of these enterprises face frequent power cuts and limited access to the national grid, constraining productivity and growth.

Through energy storage, mini-grid systems can maintain supply continuity during outages or low generation periods.

Honda’s repurposed batteries will store excess solar energy generated during the day, which can later be used to power rural homes, clinics, telecom towers, and small factories after sunset.

For OMC Power, the collaboration represents a step toward scaling up clean energy storage capabilities while cutting operational costs linked to diesel generators and grid disruptions.

Honda’s first investment in India’s distributed energy sector

Although Honda did not disclose the size of its equity stake, the deal underscores its commitment to sustainability-driven innovation in emerging markets.

This is the company’s first investment in India’s distributed clean-energy industry, building on its global ambition to achieve carbon neutrality by 2050.

Mitsui & Co and Chubu Electric Power, both investors in OMC Power, are expected to contribute to the venture’s technical and financial planning.

The move also signals rising foreign investor confidence in India’s renewable energy transition, with growing emphasis on energy storage technologies capable of balancing fluctuating solar and wind supply.

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PayPal stock remains in a tight range this month as traders waited for the upcoming earnings, which will provide more color on its long-running turnaround. PYPL was trading at $69.7, down by ~25% from its highest point this year.

PayPal faces long-term stablecoin headwinds

PayPal is one of the biggest payment processors globally. It operates a consumer and business-facing business that simplifies how people move money and pay globally. It has accumulated over 400 million customers globally. 

The company has faced major challenges in the past few years as its growth has decelerated. This explains why its stock has moved from a record high of $300 to the current $69.

PayPal is facing another major long-term challenge as the stablecoin business booms. These coins are solving one of the biggest challenges that PayPal’s retail and individual customers complain about: fees.

PayPal normally charge customers between 2% and 3% on most transactions. This means that a $10,000 transaction costs about $100. In contrast, a similar stablecoin transaction would cost almost nothing depending on the network. 

PayPal has recognized this challenge and has already launched its stablecoin: PYUSD. Recent data shows that the PYUSD has become one of the fastest-growing stablecoins in the industry. 

Its assets have jumped from below $1 billion to almost $3 billion today. This means that its stablecoin business will likely bring in over $100 million in the next 12 months.

PayPal has also launched a stablecoin payment solution that allows businesses accept these tokens. It is now offering a promotional fee of 0.99% for merchants, which is lower than its current transaction fees. 

PayPal earnings ahead

Looking ahead, the next key catalyst for the PayPal stock price is its earnings, which will come out on Tuesday. These numbers will provide more color on its stablecoin initiatives and its revenue and profitability growth. 

The 32 analysts tracked by Yahoo Finance have an average revenue estimate of $8.23 billion. The most optimistic analyst has a target of $8.47 billion. This revenue will be a 4.9% annual growth rate.

Analysts also expect that PayPal’s earnings will remain stagnate at $1.2. The annual EPS is expected to be $5.24, up from $4.65 in 2025, while the revenue will grow by 4.14% to $33.1 billion.

While PayPal is no longer a growth stock, it has two main benefits. One, it is actively reducing its outstanding shares from 1.17 billion in 2021 to 960 million today. It will likely use its strong cash generation to buy more shares over time.

The other key benefit is that its stock is a bargain. Data shows that its forward P/E multiple is 11.9, down from the S&P 500 average of 21.

PayPal stock price technical analysis

PYPL stock price chart | Source: TradingView

The daily timeframe chart shows that the PYPL stock price has remained in a tight range in the past few months. It is oscillating at the 50-day and 100-day Exponential Moving Averages (EMA).

The stock is hovering at the 38.2% Fibonacci Retracement level. It has remained inside the descending channel, which is part of a bullish flag pattern. 

Therefore, the stock will likely have a strong bullish breakout, potentially to the upper side of the descending channel at $75. 

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Shares of Reliance Industries Ltd (RIL) rose more than 2% on October 27 after it was revealed that Meta Platforms Inc.’s Facebook Overseas will hold a 30% stake in Mukesh Ambani-led RIL’s artificial intelligence venture.

The announcement marks a significant collaboration between India’s largest conglomerate and one of Silicon Valley’s biggest technology firms.

According to the company’s exchange filing, Reliance Intelligence, a unit of RIL, has invested ₹2 crore as the initial subscription for 2 million equity shares of ₹10 each in its subsidiary, Reliance Intelligence Enterprises Ltd (REIL).

The entity will later become the joint venture vehicle with Facebook Overseas under an amended agreement.

Both companies have committed a total initial investment of ₹855 crore (approximately $100 million), with Reliance Intelligence holding a 70% stake and Facebook Overseas owning the remaining 30%.

Partnership to power India’s AI-driven digital growth

Brokerage firm Investec described the collaboration as a “major step in India’s AI-driven digital growth.”

The joint venture combines Reliance’s vast digital and infrastructure assets with Meta’s expertise in artificial intelligence, aiming to deliver affordable, secure, and scalable AI services in India.

“This is a strategic collaboration that positions India at the forefront of applied AI,” Investec noted, adding that the companies’ complementary strengths could create a powerful ecosystem for AI development and deployment.

The announcement also reinforces Reliance’s broader ambition to transform itself from an energy giant into a diversified technology and digital powerhouse.

How Reliance’s AI business could be valued at around $30 bn by 2027

Morgan Stanley analysts estimate that Reliance could deploy between $12 billion and $15 billion toward building AI infrastructure, including a 1-gigawatt data center — one of the largest in Asia.

About 25% of the capacity will be underwritten by Reliance itself, with the remaining expected to be leased out as “Datacenter as a Service” to hyperscalers and AI model providers.

“We estimate an ROCE of approximately 11% on these initial investments, based on recent token prices from LLM providers,” said Mayank Maheshwari at Morgan Stanley.

The firm projects annual revenues of $1.5–1.6 million per megawatt for Reliance’s data center services.

According to Morgan Stanley, the valuation case for the AI vertical is compelling.

“We believe it could be valued at a minimum of 2x P/B, if not higher, considering the valuations of global peers such as GDS in Asia (US players like CoreWeave and Equinix trading at even richer multiples),” Morgan Stanley noted.

On this basis, experts project that Reliance’s AI business could be valued at around $30 billion by 2027.

Integrating AI with clean energy and telecom expansion

Reliance’s strategy rests on two interconnected tracks: expanding its AI data center capacity and leveraging its clean energy ecosystem to power these facilities sustainably.

The company plans to use its initial 100-megawatt generative AI data center capacity to serve enterprise demand while scaling toward 1 gigawatt over two years through the Meta partnership and alliances with Google and Microsoft Azure.

At the same time, Reliance is positioning its renewable energy division as a key supplier to its AI operations.

Morgan Stanley estimates that RIL will underwrite over 20 gigawatts of internal power demand to support 100 gigawatts of solar panel capacity and 30–40 gigawatt-hours of battery storage — turning the data center energy requirement into a captive market for its green energy vertical.

Market confidence and valuation outlook

The market response has been positive, with RIL shares rising after the announcement.

Data compiled by LSEG shows that 34 analysts currently rate Reliance as a “buy,” with a median price target of ₹1,680.

Whether Reliance’s AI venture achieves a $30 billion valuation will depend on execution and how successfully it captures India’s emerging AI infrastructure opportunity.

For now, investors appear optimistic that the company’s combination of deep capital access, energy infrastructure, and digital reach will help it establish a dominant position in the country’s AI ecosystem.

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Kering share price has gone parabolic in the past few months, making it one of the best-performing companies in the CAC 40 Index. It has jumped from a low of €147.20 in August to a high of €353 last week, which is a 140% jump. This article explores why the KER stock price has jumped and what to expect.

Kering share price jumped as its turnaround continues

Kering, the parent company of Gucci, Saint Laurent, Balenciaga, and Bottega Veneta, has done well this year. It has moved from being the worst-performer in the CAC 40 Index to one of the best this year. 

One of the approaches has been to divest its beauty division to L’Oreal, in a deal valued at over €4 billion. This deal included the House of Creed, a perfume maker that it bought in 2023. Also, the two companies will continue to collaborate on fragrance and beauty products for its brands like Gucci and Bottega Veneta.

In addition to this, the company sold over €1.3 billion in real estate assets. These asset sales will help to reduce its huge €9.5 billion debt.

The other thing that has boosted the Kering share price is its management change. It brought in Luca de Meo as CEO, as it seeks to change its business. De Meo was previously the CEO of Renault Group.

Most importantly, the company, under de MEO, is hoping to stabilize its key brands like Gucci and Bottega Veneta.

Kering earnings were better than expected

The Kering share price has done well after the company published earnings that were better than expected. The most recent results showed that its third-quarter revenue dropped to €3.41 billion, down from the previous €3.786 billion. 

This decline was spread across most of its businesses. Gucci sales plunged to €1.34 billion from the previous €1.64 billion. Yves Saint Laurent’s sales dropped by 4% to €620 million. On the other hand, the company’s Bottega Veneta, Other Houses, and Kering Eyewear had some modest gains during the quarter, which helped to offset the decline in Gucci’s business.

Kering stock price also rose as its Chinese business continued to stabilize. Its Asia Pacific revenue dropped by just 2% in the third quarter, much better than what analysts were expecting. 

Analysts are also banking on Demna Gvasalia, the new creative director who has been charged with reinvigorating the brand. However, his collection will come in Spring, calling for patience among investors. 

To be clear, the strong Kering stock price performance is not unique as other companies have done well. LVMH stock price has jumped by over 42% from its lowest point this year.

Similarly, Christian Dior stock price has jumped to €570, up by 37% from its lowest level this year. Burberry share price has jumped by over 116% from the year-to-date low.

Kering stock price analysis 

The weekly chart shows that the Kering stock price has done well in the past few months. It jumped from a low of €146 in April to a high of €335 this month. 

Kering stock price has moved above the 50-week and 100-week Exponential Moving Averages (EMA), which is a bullish sign. It has moved above the 23.6% fibonacci retracement. 

The Relative Strength Index and the MACD indicators have continued rising. Therefore, the stock will likely continue rising as bulls target the key resistance at €400. A drop below the support at €275 will invalidate the bullish outlook.

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Cigna Group’s decision to eliminate prescription drug rebates from many of its health plans marks one of the biggest shifts in the US pharmaceutical supply chain in decades.

The change, set to begin in 2027, according to Bloomberg, will eventually expand across its Express Scripts unit from 2028, replacing rebates with direct discounts for patients at the pharmacy counter.

The move challenges a long-standing system that has shaped how billions flow between drugmakers, insurers, and employers — and it could redefine how Americans pay for their medications.

It also aligns with President Donald Trump’s push for more transparent pricing and lower out-of-pocket costs for consumers.

What are drug rebates and why do they matter?

Pharmacy benefit managers, or PBMs, sit between pharmaceutical companies, pharmacies, and insurers. They negotiate which drugs are covered by insurance plans and how much they cost.

For years, PBMs have relied on rebates — payments drugmakers make to them after a prescription is filled — to secure favourable placement of medicines on insurance lists.

In 2023, the total value of these rebates and other discounts reached $356 billion, according to the Drug Channels Institute. PBMs say most of this money is passed back to employers or insurers to reduce premiums.

But critics argue that patients rarely see the savings directly, especially those on high-deductible plans who often pay full price upfront.

The system has faced growing political and regulatory pressure. Lawmakers accuse PBMs of driving up prices, while drugmakers say rebates act as hidden kickbacks.

The Federal Trade Commission is currently suing Cigna’s Express Scripts, CVS Health’s Caremark, and UnitedHealth’s Optum Rx, claiming their rebate practices inflated the price of insulin. The case is still pending.

How will Cigna’s new model work?

Under Cigna’s new model, patients will receive immediate discounts instead of waiting for rebate adjustments made months later. The rebate-free plan will initially cover about 2 million of its fully insured members in 2027.

From 2028, it will become the default option for Express Scripts clients, though they can still opt to keep rebate-based contracts.

The change does not apply to Medicare or Medicaid, which are government-run programmes. For those with high-deductible private plans, Cigna expects brand-name drugs to become roughly 30% cheaper at the point of sale.

Implementing this model means renegotiating contracts with drugmakers, employers, and health plans.

Cigna’s Express Scripts currently manages drug benefits for about 100 million members, and the company expects half of its employer and health plan clients to adopt the rebate-free model within three years.

Why is this happening now?

The Trump administration, states Bloomberg, has made dismantling the rebate system a central part of its drug-pricing reform agenda. Trump has called PBMs “middlemen” who add no real value and drive up consumer costs.

Earlier this year, Centres for Medicare and Medicaid Services administrator Mehmet Oz urged PBMs to end what he described as the “rebate-slash-kickback system.”

Meanwhile, drugmakers are adapting. Companies such as Pfizer and AstraZeneca have started offering direct-to-consumer discounts on certain medicines, especially weight-loss and chronic disease drugs.

These programmes allow patients paying cash to access the same or lower prices than insurance holders.

Cigna said it will guarantee that its members never pay more than the lowest available price, including those direct cash rates.

It also plans to expand its fair reimbursement initiative for pharmacies to ensure consistent compensation under the new pricing model.

What does it mean for the broader drug market?

Cigna’s change is part of a broader effort by PBMs to stay ahead of potential regulation.

Optum Rx has already pledged to pass all rebates directly to clients, and CVS Caremark is testing models that provide rebates directly to patients at the pharmacy.

Still, rebates will not disappear overnight. Bloomberg states that Cigna expects them to remain “for the foreseeable future” but says the goal is a simpler and more transparent system.

The company has also clarified that it will no longer collect other fees from drugmakers tied to a medicine’s list price — a practice that has raised concerns about conflicts of interest.

Although eliminating rebates could affect how employers manage premium costs, Cigna said it does not expect premiums to rise.

The company believes lowering patient costs at the counter will improve medication adherence and reduce long-term healthcare expenses.

If widely adopted, Cigna’s model could set a precedent for the industry — replacing a decades-old pricing structure with one that prioritises upfront savings over back-end incentives.

For millions of Americans, it could mark the first tangible step toward genuine price transparency in prescription drugs.

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