Why VW is cutting costs now

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hapag-Lloyd AG is in advanced talks to acquire Israeli competitor Zim Integrated Shipping Services Ltd, the German company said on Sunday.
- Volkswagen plans to cut costs by 20% by the end of 2028, German publication Manager Magazin reports, without specifying where it got the information.
- DSM has been downgraded to a hold from a buy by Berenberg, which cites softer US consumer confidence and FX headwinds.

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