Defense Supply Crunch: Lockheed Martin says it can’t guarantee when Patriot PAC-3 interceptors will reach allies, even as it ramps output—delivery timing for countries including Germany remains uncertain amid demand outstripping supply. Industrial Policy & Reform: Chancellor Friedrich Merz urged lawmakers to strike a deal on social reforms, warning that Germany risks falling behind unless changes—often involving restrictions—move forward before the summer break. AI Robotics Showcase: German Bionic will demo its AI-powered EXIA exoskeleton on Paris’s Champs-Élysées at VivaTech’s 10th anniversary, pushing “Physical AI” into mainstream public view. Semiconductor Sovereignty: GlobalFoundries and Qualinx claim the first fully European end-to-end manufacturing flow for security-critical chips at GF’s Dresden fab, supported by the EU Chips Act. Corporate M&A: Hugo Boss said it will review an unsolicited €38-per-share takeover offer from Frasers Group, a modest premium that could reshape the German fashion group’s ownership. Energy Politics: An AfD lawmaker argued Germany can’t restore prosperity or its industrial base without restoring Nord Stream, keeping the pipeline debate tied to business competitiveness. Supply Chain Security: TAPA and Trans.eu launched a Certified Carrier Exchange built on verified TAPA TSR security certifications to tighten freight protection across Europe. Market Backdrop: Eurozone markets look ahead to an ECB rate decision as Iran-related inflation pressures and war risk continue to sway sentiment.