Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
Trump Plans New Executive Order to Address Rising NIL Costs in College Sports 
US to Review Iran World Cup Travel Restrictions Ahead of Egypt Clash 
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears 
Trump Signs Executive Order Targeting Big-Money College Athlete Payouts 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
FBI Faces Historic Security Challenge Ahead of 2026 FIFA World Cup 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
Mexico President Claudia Sheinbaum Reconsiders Early School Closure Plan Ahead of 2026 World Cup 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Trump’s U.S. Open Visit Delays Final, Fans Face Long Security Lines 
Arne Freundt took over as Puma CEO effective immediately to replace Bjorn Gulden who relinquished the post to head rival Adidas.
Puma’s appointment of Freundt as chief executive with immediate effect on Tuesday came several weeks before it was initially announced.
Freundt, according to Puma, is receiving a four-year contract effective from January 1 of 2023. Gulden’s mandate as a Puma SE Management Board member expires at the end of 2022.
Héloïse Temple-Boyer, Chair of the Supervisory Board of Puma, called Freundt the ideal choice to continue Puma’s very successful path and to further accelerate the company’s momentum.
Freundt has held various positions for Puma for over ten years and was responsible for framing corporate strategy, taking care of the Global Direct-to-Consumer business, and the Region EMEA as a General Manager.
He has also been a member of the Management Board as Chief Commercial Officer since June 2021.
