(FILES) A logo of German automotive brand BMW is pictured on BMW car in Frankfurt am Main, western Germany, on May 5, 2026. German carmaker BMW on June 16, 2026 downgraded its 2026 financial targets due to economic turmoil from the Middle East war and worsening business in key market China. The group said in a statement it now expects a "significant" decrease in profit before tax, against a previous expectation for a moderate decrease, as well as a fall in vehicle deliveries and lower profit margins. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

TOPSHOT - Members of a securities firm celebrate as the Nikkei Stock Average on the Tokyo Stock Exchange surpasses 70,000 yen in Tokyo on June 16, 2026. (Photo by Yuichi YAMAZAKI / AFP via Getty Images)

This photograph shows a view of vials on a production line during a press visit at the industrial site of the French pharmaceutical group Sanofi in Montpellier, in the south of France, on June 16, 2026. (Photo by Sylvain THOMAS / AFP via Getty Images)

This photograph shows a view of vials on a production line during a press visit at the industrial site of the French pharmaceutical group Sanofi in Montpellier, in the south of France, on June 16, 2026. (Photo by Sylvain THOMAS / AFP via Getty Images)

This photograph shows a view of vials on a production line during a press visit at the industrial site of the French pharmaceutical group Sanofi in Montpellier, in the south of France, on June 16, 2026. (Photo by Sylvain THOMAS / AFP via Getty Images)

This photograph shows a view of vials on a production line during a press visit at the industrial site of the French pharmaceutical group Sanofi in Montpellier, in the south of France, on June 16, 2026. (Photo by Sylvain THOMAS / AFP via Getty Images)

This photograph shows a view of vials on a production line during a press visit at the industrial site of the French pharmaceutical group Sanofi in Montpellier, in the south of France, on June 16, 2026. (Photo by Sylvain THOMAS / AFP via Getty Images)

Employees work on a CryoPark production line during a press visit at the industrial site of the French pharmaceutical group Sanofi in Montpellier, in the south of France, on June 16, 2026. The CryoPark is a facility dedicated to the storage and global distribution of biological products and samples at very low temperatures, particularly for messenger RNA vaccines, gene therapies, and other biopharmaceutical innovations. (Photo by Sylvain THOMAS / AFP via Getty Images)