AGP Executive Report
Last update: 7 minutes agoEnergy Security: Germany’s gas reserves were only 61.2% full ahead of a cold snap, below the 70% seasonal benchmark. Prices are above €100 per megawatt-hour, though officials say supply remains secure. Volkswagen: The carmaker has paused development of an electric Golf as cost pressures mount, another setback for Germany’s auto industry as local brands try to catch up in EVs. Biopharma: Fresenius signed a deal giving it exclusive access to up to 37 biosimilar drug candidates over the next decade, potentially expanding its portfolio from 29 to 66. Industrial Relations: IG Metall has launched warning strikes as it seeks pay rises for 3.7 million workers. Economic Pulse: Germany’s economy grew more than expected in the third quarter; October inflation eased to 2.8%, while unemployment edged up to 6.3%.
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