Wired : A Mythical Form of Space Propulsion Finally Gets a Real Test

A Mythical Form of Space Propulsion Finally Gets a Real Test
Scientists have debated for decades whether the propulsion concept known as EmDrive is real or wishful thinking. A sensitive new tool may at last provide an answer.
Scientists have debated for decades whether the propulsion concept known as EmDrive is real or wishful thinking. A sensitive new tool may at last provide an answer.GETTY IMAGES

SINCE THE BIRTH of the space age, the dream of catching a ride to another solar system has been hobbled by the “tyranny of the rocket equation,” which sets hard limits on the speed and size of the spacecraft we sling into the cosmos. Even with today’s most powerful rocket engines, scientists estimate it would take 50,000 years to reach our closest interstellar neighbor, Alpha Centauri. If humans ever hope to see an alien sunrise, transit times will have to drop significantly.
Of the advanced propulsion concepts that could theoretically pull that off, few have generated as much excitement—and controversy—as the EmDrive. First described nearly two decades ago, the EmDrive works by converting electricity into microwaves and channeling this electromagnetic radiation through a conical chamber. In theory, the microwaves can exert force against the walls of the chamber to produce enough thrust to propel a spacecraft once it’s in space. At this point, however, the EmDrive exists only as a laboratory prototype, and it’s still unclear whether it’s able to produce thrust at all. If it does, the forces it generates aren’t strong enough to be registered by the naked eye, much less propel a spacecraft.
Over the past few years, however, a handful of research teams, including one from NASA, claim to have successfully produced thrust with an EmDrive. If true, it would amount to one of the biggest breakthroughs in the history of space exploration. The problem is that the thrust observed in these experiments is so small that it’s hard to tell if it’s real.

The resolution lies in designing a tool that can measure these minuscule amounts of thrust. So a team of physicists at Germany’s Technische Universität Dresden set out to create a device that would fill this need. Led by physicist Martin Tajmar, the SpaceDrive project aims to create an instrument so sensitive and immune to interference that it would put an end to the debate once and for all. In October, Tajmar and his team presented their second set of experimental EmDrive measurements at the International Astronautical Congress, and their results will be published in Acta Astronautica this August. Based on the results of these experiments, Tajmar says a resolution to the EmDrive saga may only be a few months away.
Many scientists and engineers dismiss the EmDrive because it appears to violate the laws of physics. Microwaves pushing on the walls of an EmDrive chamber seem to generate thrust ex nihilo, which runs afoul of the conservation of momentum—it’s all action and no reaction. Proponents of the EmDrive, in turn, have appealed to fringe interpretations of quantum mechanics to explain how the EmDrive might work without violating Newtonian physics. “From the theory point of view, no one takes this seriously,” Tajmar says. If the EmDrive is able to produce thrust, as some groups have claimed, he says they have “no clue where this thrust is coming from.” When there’s a theoretical rift of this magnitude in science, Tajmar sees only one way to close it: experimentation.
In late 2016, Tajmar and 25 other physicists gathered in Estes Park, Colorado, for the first conference dedicated to the EmDrive and related exotic propulsion systems. One of the most exciting presentations was given by Paul March, a physicist at NASA’s Eagleworks lab, where he and his colleague Harold White had been testing various EmDrive prototypes. According to March’s presentation and a subsequent paper published in the Journal of Propulsion and Power, he and White observed several dozen micro-newtons of thrust in their EmDrive prototype. (For the sake of comparison, a single SpaceX Merlin engine produces around 845,000 Newtons of thrust at sea level.) The problem for Harold and White, however, was that their experimental setup allowed for several sources of interference, so they couldn’t say for sure whether what they observed was thrust.

Tajmar and the Dresden group used a close replica of the EmDrive prototype used by Harold and White in their tests at NASA. It consists of a copper frustum—a cone with its top lopped off—that is just under a foot long. This design can be traced back to the engineer Roger Shawyer, who first described the EmDrive in 2001. During tests, the EmDrive cone is placed in a vacuum chamber. Outside the chamber, a device generates a microwave signal that gets relayed, using coaxial cables, to antennas inside the cone.

This isn’t the first time the Dresden team has sought to measure nearly imperceptible amounts of force. They built similar contraptions for their work on ion thrusters, which are used to precisely position satellites in space. These micro-newton thrusters are the kind that were used by the LISA Pathfinder mission, which needs extremely precise positioning ability to detect faint phenomena like gravitational waves. But to study the EmDrive and similar propellantless propulsion systems, Tajmar says, required nano-newton resolution.
Their approach was to use a torsion balance, a pendulum-type balance that measures the amount of torque applied to the axis of the pendulum. A less sensitive version of this balance was also used by the NASA team when they thought their EmDrive produced thrust. To accurately gauge the small amount of force, the Dresden team used a laser interferometer to measure the physical displacement of the balance scales produced by the EmDrive. According to Tajmar, their torsion scale has a nano-newton resolution and supports thrusters weighing several pounds, making it the most sensitive thrust balance in existence.
But a really sensitive thrust balance isn’t much use unless you can also determine whether the detected force is in fact thrust and not an artifact of outside interference. And there are plenty of alternate explanations for Harold and White’s observations. To determine whether an EmDrive actually produces thrust, researchers must be able to shield the device from interference caused by the Earth's magnetic poles, seismic vibrations from the environment, and the thermal expansion of the EmDrive due to heating from the microwaves.
Tweaks to the design of the torsion balance—to better control the EmDrive's power supply and shield it from magnetic fields—took care of some of the interference issues, Tajmar says. A more difficult problem was how to address “thermal drift.” When power flows to the EmDrive, the copper cone heats up and expands, which shifts its center of gravity just enough to cause the torsion balance to register force that can be mistaken as thrust. Tajmar and his team hoped that changing the orientation of the thruster helped address that issue.
Over the course of 55 experiments, Tajmar and his colleagues registered an average of 3.4 micro-newtons of force from the EmDrive, which was very similar to what the NASA team found. Alas, these forces did not appear to pass the thermal drift test. The forces seen in the data were more indicative of thermal expansion than thrust.
All hope is not lost for the EmDrive, however. Tajmar and his colleagues are also developing two additional types of thrust balances, including a superconducting balance that will, among other things, help to eliminate false positives produced by thermal drift. If they detect force from an EmDrive on these balances, there’s a high probability that it is actually thrust. But if no force is registered on these balances, it likely means that all the previous EmDrive thrust observations were false positives. Tajmar says he hopes to have a final verdict by the end of the year.
But even a negative result from that work might not kill the EmDrive for good. There are many other propellantless propulsion designs to pursue. And if scientists ever do develop new forms of weak propulsion, the hyper-sensitive thrust balances developed by Tajmar and the Dresden team will almost certainly play a role in sorting science fact from science fiction.

>>> US Early premarket gappers

Early premarket gappers

  • Gapping up:
    • LAKE +43.6%, DUO +34.7%, APT +18.4%, FIVE +11.2%, RADA +9.9%, AMC +8.5%, APAM +7.9%, ITI +4.8%, GMAB +4.4%, AGX +4.4%, NKLA +3.4%, MRK +0.9%
  • Gapping down:
    • RRGB -11.1%, CSII -10.4%, MNRL -10.1%, IMUX -9.4%, SALT -9.2%, GME -9.1%, VRNT -8.9%, LMNR -8.4%, QDEL -6.9%, SITM -5.6%, NIO -3.4%, ALK -2.8%, MLAB -2.3%, PS -1.6%, CDNA -1.5%, CHWY -1.4%, COUP -0.8%

Reuters - Europe to accelerate trials of gene-engineered COVID-19 vaccines - sou

Europe to accelerate trials of gene-engineered COVID-19 vaccines - sources - Reuters News
10-Jun-2020 12:40:16

EU to propose rule changes in race to develop vaccine - sources
AstraZeneca, J&J, Cansino, Merck shots would likely benefit
Proposals expected next week also on vaccine advance purchases
By Francesco Guarascio

BRUSSELS, June 10 (Reuters) - European officials aim to speed up trials for coronavirus vaccines containing genetically modified organisms, two EU sources told Reuters, in a move that could help shots developed by companies like AstraZeneca and Johnson & Johnson.

The European Commission is expected to put forward the plans as early as next week. They are part of a wider EU strategy aimed at securing enough doses of a possible vaccine for the bloc as it fears lagging behind the United States and China.

The reform is expected to reduce member states' power to impose extra requirements on drug companies when they conduct clinical trials on medicines and vaccines containing genetically modified organisms (GMOs), according to the sources.

In some countries like Italy and France, for example, treatments must receive authorisation from government environment or research departments, as well as from health and drug authorities, under rules that are up to 20 years old and also cover the more publicly sensitive area of GMO crops.

This has long caused bottlenecks in a pharmaceutical industry that increasing relies on genetic engineering.

Such delays could be particularly problematic now that Europe may quickly need to accelerate trials, an EU Commission official said, warning that some of the most promising COVID-19 shots under development contain GMOs.

A spokesman for the EU Commission, the EU executive, declined to comment.

Vaccines Europe, which represents many big pharmaceutical players including AstraZeneca AZN.L, Sanofi SASY.PA, Pfizer PFE.N, GSK GSK.L and Novavax NVAX.O, said planned changes would create a level playing field between vaccines which contain GMOs and those that do not.

"GMOs are very specific to very few vaccines based on adenovirus vectors," Michel Stoffel of Vaccines Europe told Reuters, citing those developed by AstraZeneca and Johnson & Johnson JNJ.N among those that contain GMOs and would benefit from the possible changes.

Vaccines developed by Chinese firm Cansino 6185.HK and U.S. giant Merck MRK.N also contain adenovirus vectors, which cause the common cold, and other replicating viruses. They aim to introduce a gene from the novel coronavirus into our bodies, to elicit an immune response and protect from subsequent exposure.



MASS TRIALS

The United States last week identified five companies as the most likely candidates to produce a vaccine for the coronavirus. They are: U.S. players Johnson & Johnson, Moderna MRNA.O, Merck, Pfizer as well as Britain's AstraZeneca, which is working with Oxford university. (Full Story)

Promising candidate vaccines may soon reach the stage of mass trials involving thousands of volunteers in several countries. If the bloc does not speed up its authorisation process for GMO vaccines to allow such trials to happen swiftly in Europe, the continent could fall behind in gaining access to any successful shots in bulk.

Any decision by the European Commission to accelerate GMO vaccine trials would need to be approved by EU lawmakers and member states.

The push by the bloc comes at a time when experts warn it is becoming increasingly difficult to trial vaccine candidates in Europe as the epidemic recedes there, because trials are usually most successful when a virus is widely circulating in the population. (Full Story)

A failure to come up with a vaccine would leave the region, and the world, exposed in the event of a second wave of infections.

The GMO vaccine plans are expected to be announced as part of an "EU strategy for the development of a COVID-19 vaccine", which the Commission will unveil on June 17, according to a draft agenda of the EU executive.

Officials have told Reuters that as part of the strategy the Commission will also announce plans to use an emergency 2.4-billion-euro ($2.7 billion) fund to make advance purchases of promising vaccines against the new coronavirus (Full Story).

The EU rainy-day fund, known as the Emergency Support Instrument (ESI), would also be used to increase vaccine production capacity in Europe and offer liability insurance to pharmaceutical companies, officials said

WSJ : China’s Companies Find Ways to Avoid Bond Blowups

China’s Companies Find Ways to Avoid Bond Blowups
Some methods include asking creditors to wait longer for repayment or forgo the right to redeem bonds early

Chinese companies are avoiding or minimizing bond defaults, even as the economy shrinks for the first time in decades.

China’s domestic corporate-bond market is one of the world’s largest, with a total face value of about $5.1 trillion, according to Wind. Yet while there have been defaults recently, the shock of the coronavirus pandemic hasn’t produced anything to rival high-profile U.S. collapses such as Hertz Global Holdings Inc. HTZ -24.41%

Some Chinese companies are asking bondholders to wait longer for repayment, to forgo the right to redeem bonds early, or to switch into new longer-dated securities.

Shandong Ruyi Technology Group, a fashion and textile group that has bought into The Lycra Co. and Britain’s Aquascutum, is among these debtors.

In March, it said holders of a maturing bond in yuan had agreed to receive interest privately, not through the Shanghai clearinghouse as previously planned, and to wait until June for repayment. On June 1, a state-backed firm said it wouldn’t make an investment in Ruyi as planned. That could complicate the textile group’s efforts to repay bondholders, and shows that just buying extra time won’t necessarily fix companies’ financial difficulties.

Qi Junwen, a fund manager at Hangzhou-based Yongan Guofu Asset Management Co., said some borrowers were swapping debt for new bonds. He said others were persuading investors not to exercise put options. These are a common feature of Chinese bonds and allow investors to demand early repayment.

These workarounds could make sense, Mr. Qi said, by keeping firms afloat, making investors’ track records look better and saving jobs and tax revenues for local governments. “When you look around, you see incentives for almost every party involved in a stressed investment to roll over the debts, rather than calling it default,” he said.

So far this quarter, defaults on nonfinancial corporate bonds in yuan have totaled about $626 million. That compares with defaults affecting about $65.3 billion of dollar-denominated nonfinancial corporate bonds, according to the Institute of International Finance.

There are parallels with China’s banking industry, where defaults have been muted by a coordinated effort to let companies and individuals defer loan payments.

“Defaults are being delayed,” said Ron Thompson, managing director and head of restructuring in Asia for Alvarez & Marsal.

Mr. Thompson said banks in China have been guided by regulators not to force companies to repay their loans for now, while in the bond market some companies have been able to reissue bonds that investors put back to them. He added that there could be an uptick in defaults next year when much of the bank forbearance ends.

Whether adjustments to bonds amount to a default isn’t always clear-cut, and can depend on whether investors get inducements such as higher interest rates.

HNA Group, another formerly acquisitive conglomerate, angered small investors in April after it called a creditor meeting with 90 minutes’ notice to extend the maturity of yuan notes due the next day, without offering compensation. Big creditors agreed to the proposal.

S&P Global Ratings views HNA’s move as a technical default. Still, such a maneuver is typically less damaging for a company than a straightforward failure to repay interest or principal on time, since it doesn’t usually prompt bank lenders and others to demand their money back too.

S&P analyst Li Chang said compared with last year, more companies were making bond payments privately, rather than through official channels such as a clearinghouse or stock exchange.

Mr. Li said in almost half of such cases, borrowers extended debt maturities, but since these deals were reached privately, the results weren’t clear to outside investors.

There are still straightforward defaults. Looking back further than the Institute of International Finance data, S&P says onshore bonds with a face value of 62.8 billion yuan (US$8.87 billion) defaulted in the year to Tuesday, up 20% year over year. Peking University Founder Group, which was struggling before the pandemic, accounts for about half of that total.

Judged by another measure—distinct entities defaulting for the first time this year—distress is actually ebbing. Including maturity extensions, S&P has only recorded 14 such cases in China in 2020, down from 19 last year. It considers this metric a good indicator of emerging credit risks.

Some say China is backsliding on moves toward a more efficient, Western-style market. Onshore bond defaults were unheard of until 2014, but have risen steadily in recent years.

“Acknowledging that there has been too much bad debt built in the economy, Beijing was inching towards slow restructuring of the system,” where the government had previously backed everything, said Leland Miller, chief executive of research firm China Beige Book. “But Covid has destroyed this movement.”

Others say easier financial conditions have helped avert bond defaults, just as forceful Federal Reserve action has supported U.S. credit markets.

Hayden Briscoe, head of fixed income for Asia Pacific at UBS Asset Management, said easier monetary policy and a more relaxed attitude to the shadow-banking system had played a big role in keeping down Chinese defaults recently.

FT : Facebook anti-competitive case made by ex-antitrust official

Facebook anti-competitive case made by ex-antitrust official
Academic paper argues social network has deceived users and stifled competition to build monopoly

A former top antitrust official in the Obama administration is accusing Facebook of anti-competitive behaviour in paper that argues the social network deceived users and squelched competitors to build an unassailable monopoly.

Fiona Scott Morton, the chief economist in the US Department of Justice’s antitrust division from 2011 to 2012, said in a paper released on Tuesday that Facebook had “fought for at least a decade to avoid competition on the merits in the social networks market”.

The paper, which draws on information from a 2019 report on online platforms by the UK’s antitrust regulator and was funded by Pierre Omidyar, the eBay founder, adds to the growing bipartisan scrutiny of Facebook in the US.

The social media company, founded and led by Mark Zuckerberg, has faced criticism over its stance towards free speech, questions about the vast data it has gathered about its users, and ongoing antitrust investigations by the Federal Trade Commission and US state attorneys-general.

Ms Morton, now a professor at Yale who has called for tougher antitrust enforcement, and her co-author, David Dinielli, an adviser at the Omidyar Network, Mr Omidyar’s investment group, argue in the paper that the current social network market is “stagnant” and overwhelmingly dominated by Facebook.

“Without antitrust or regulatory intervention, it is unlikely that anything is going to change,” they write. “Facebook can collect monopoly rents, manage the flow of information to most of the nation, and engage in virtually unlimited surveillance into the foreseeable future.”

“It’s like having the old AT&T regulated monopoly back again. Only it’s not regulated,” Ms Morton told the Financial Times, referring to the telephone monopoly AT&T held until the US government broke up the company in the 1980s.

Though the paper relies on information in the UK Competition and Markets Authority’s 2019 interim study of online platforms and digital advertising, Ms Morton and Mr Dinielli suggest the facts in the US market would not differ greatly. 

A Facebook spokesperson declined to comment on the paper ahead of its publication.

In a submission to the CMA earlier this year, the company said it operated in markets where “consumer preferences change all the time”, adding that it was committed “to more choice and transparency for consumers and advertisers”.

“People are ultimately the best judge of the value of a company’s products and services and if we stop innovating people will simply spend more time on other services,” Facebook said in its submission.

The paper by Ms Morton and Mr Dinielli argues that Facebook unfairly built a monopoly position by misleading its users about its data privacy policies to gain a competitive edge over other networks, snapping up rivals like Instagram and WhatsApp, and cutting off access to other competitors.

They argue that these tactics allowed Facebook to reach a tipping point where it became a dominant social network because so many people were already on it, and subsequently ensured that other companies could not replicate its success.

Ms Morton said the dynamic in social networking, where websites become more appealing as more people join, gives incumbents like Facebook an added incentive to squash or acquire competitors before they gain too much momentum.

If Facebook had not acquired WhatsApp and Instagram, she said: “There would be a chance that the market would tip away from Facebook to one of those other platforms.”

The paper is the second from Ms Morton and Mr Dinielli that looks at Big Tech. Last month, they set out a possible case against Alphabet, the parent company of Google, in a similar paper.

Big tech companies have come under heavy pressure for possible competition violations in recent years after a long period where regulators generally viewed their conduct and acquisitions favourably.

Companies such as Facebook and Google generally do not charge users for their services, while Amazon, another focus of antitrust scrutiny, has been viewed as driving down prices in the markets in which it operates.

Their growing power — all five of the most valuable US public companies are tech companies — has forced a rethink, however. The DoJ, as well as the FTC, has been investigating the technology sector, while Republican and Democratic lawmakers are looking at possible new legislation.

The questions have gained political salience as President Donald Trump and his conservative allies have claimed social media platforms like Facebook and Google’s YouTube are censoring their views, while liberals have attacked those same platforms for failing to do enough moderation.

“Recent events underscore what we might be missing, as politicians as well as members of the polity decry the power of just a few internet platforms in shaping the democratic discourse on issues ranging from voting rights protection to police-involved violence to the pandemic,” argue Ms Morton and Mr Dinielli.

If there were many networks competing, they conclude, “users would be able to depart from a platform that did not adhere to their standard of quality or values. But this world with choice requires Facebook to be compelled to compete.”

>>> Europe : Brokers Upgrades & Downgrades -10th of june 2020 V2(+)

>>> Up
* Anglo American Raised to Outperform at BMO (+)
* Befimmo Raised to Hold at SocGen; PT 42 euros (+)
* Coca-Cola European Raised to Hold at ABN Amro Bank; PT $42.05
* Continental AG PT Raised to 90 euros from 55 euros at Barclays (+)
* ConvaTec Raised to Outperform at RBC; PT 245 pence
* DSV Panalpina Raised to Buy at Handelsbanken; PT 850 kroner
* Epiroc Raised to Hold at Deutsche Bank; PT 105 kronor
* Etsy Raised to Buy at Jefferies (+)
* Fellow Finance Raised to Accumulate at Inderes; PT 2.50 euros (+)
* Valeo Raised to Overweight at Barclays; PT 30 euros
* Veolia Raised to Overweight at Morgan Stanley; PT 26 euros
* Suez SA Raised to Equal-Weight at Morgan Stanley; PT 12 euros
* Team17 Raised to Buy at Canaccord; PT 600 pence (+)

>>> Down
* Ashtead Cut to Sector Perform at RBC; PT 2,600 pence
* BASF Cut to Sell at M.M. Warburg; PT 52 euros (+)
* Chemring Group Cut to Equal-Weight at Barclays; PT 250 pence
* DWS Cut to Hold at Pareto Securities; PT 35 euros (+)
* Elior Group Cut to Underperform at Bernstein; PT 5.90 euros
* Erste Cut to Accumulate at Fio Banka; PT 27.95 euros
* ForFarmers Cut to Neutral at Kempen & Co; PT 6.60 euros (+)
* Gestamp Cut to Hold at Mirabaud Securities; PT 3.30 euros (+)
* Maersk Cut to Hold at ABG; PT 7,800 kroner
* Michelin Cut to Equal-Weight at Barclays; PT 105 euros
* MTU Aero Cut to Hold at HSBC; PT 170 euros
* Novozymes Cut to Sell at Jyske Bank; PT 350 kroner (+)
* Piaggio Cut to Neutral at Banca Akros (ESN); PT 2.50 euros (+)
* Randstad Cut to Neutral at Citi; PT 41 euros
* Rockhopper Exploration Cut to Add at Peel Hunt; PT 20 pence (+)
* Straumann Cut to Hold at Jefferies; PT 750 Swiss francs
* Taylor Wimpey Cut to Hold at Canaccord; PT 163 pence (+)
* UDG Cut to Sector Perform at RBC; PT 800 pence
* Wendel SE Cut to Neutral at Citi

>>> Initiation
* ALK-Abello Rated New Buy at SEB Equities; PT 2,150 kroner
* Amundi Rated New Buy at SocGen; PT 78.50 euros
* Atos Resumed Neutral at BofA; PT 75 euros
* Azimut Rated New Hold at SocGen; PT 16.80 euros
* Capgemini Resumed Buy at BofA; PT 112 euros
* DWS Rated New Buy at SocGen; PT 40 euros
* Indra Resumed Underperform at BofA; PT 7.20 euros
* Tikehau Capital Rated New Hold at SocGen; PT 26 euros

>>> Call
* Adidas and Puma Valuations ‘Are Running Out of Puff,’ BofA Says
* RBC Says Time to Take Profit on Ashtead, Cuts to Sector Perform
* Epiroc Raised, Deutsche Bank Sees Beyond 2Q Covid-19 Hit (+)
* ConvaTec Upgraded to Outperform at RBC; Sees Room for Upside (+)
* Lancashire Pricing Update Reassuring For Peers, Jefferies Says
* Randstad Cut at Citi After Rally With Shares Now Fairly Valued
* Sixt PT Raised at Jefferies on Financial Flexibility, Bookings
* Soft Drinks Better Way Than Spirits to Play Reopening: Jefferies (+)
* Straumann Return to Business as Usual Unlikely, Jefferies Cuts
* Veolia, Suez Trade at ‘Abnormally High’ Discount: Morgan Stanley

>>> Stoxx 600 Pre-Market Indications

  • Carnival Plc (POH1 TH) +3.1%
  • IAG (INR TH) +2.4%
  • Commerzbank (CBK TH) +2.3%
    • Cerberus Blasts Commerzbank Over Performance, Seeks Board Seats
  • Rolls-Royce (RRU TH) +2.2%
  • Thyssenkrupp (TKA TH) +1.8%
  • Hugo Boss (BOSS TH) +1.8%
  • BP (BPE5 TH) +1.7%
  • Airbus (AIR TH) +1.6%
  • Orange (FTE TH) +1.6%
  • BASF (BAS TH) +1.6%
  • Novo Nordisk (NOVC TH) -1.1%
  • Amadeus (AI3A TH) -1.9%
  • TUI (TUI1 TH) -2%
  • H&M (HMSB TH) -2.1%
  • Lufthansa (LHA TH) -3.2%

>>> TradeGate Pre-Market Indications

DAX:
  • Covestro (1COV TH) +1.7%
  • MTU Aero (MTX TH) +1.5%
    • MTU Aero Cut to Hold at HSBC; PT 170 euros
  • BASF (BAS TH) +1.3%
  • Bayer (BAYN TH) +1.2%
    • Vetoquinol Moving Forward With Purchase of Profender, Drontal
  • Daimler (DAI TH) +1.1%
  • Lufthansa (LHA TH) -2.7%
    • Airline Bailouts Point to Greener Travel -- and Higher Fares (1)
MDAX:
  • Deutsche PBB (PBB TH) +4.3%
    • Stock fell 9.2% Tuesday on highest trading volume since 2015
  • Commerzbank (CBK TH) +3.6%
    • Cerberus Blasts Commerzbank Over Performance, Seeks Board Seats
  • Thyssenkrupp (TKA TH) +2.4%
    • Thyssenkrupp Company Roadshow Set By Baader Bank for June 10
  • Airbus (AIR TH) +2.2%
  • HelloFresh (HFG TH) +1.8%
SDAX:
  • Hornbach Holding (HBH TH) +5.5%
    • Hornbach Holding Prelim First Quarter Sales EU1.49 Bln
  • Shop Apotheke (SAE TH) +3.5%
  • Deutz (DEZ TH) +2.2%
  • Encavis (CAP TH) +2%
  • Schaeffler (SHA TH) +1.8%
  • Kloeckner (KCO TH) -1.5%