Wall Street Breakfast Podcast: PA Court Cuts Bayer's Roundup Verdict From $2.25B To $400M

seekingalpha06-05

Bayer's Roundup verdict reduced to $400M in damages by Pennsylvania judge.United Airlines expected to cut hiring plans.Nike cuts jobs at its European headquarters as part of a cost-cutting plan. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2441216822?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/471505987/image_471505987.jpg","is_english":true,"pubTime":"2024-06-05 19:00","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2441216822","market":"fut","top_or_hot":-1,"title":"Wall Street Breakfast Podcast: PA Court Cuts Bayer's Roundup Verdict From $2.25B To $400M","media":"seekingalpha","content":"<div>\n<p>Bayer's Roundup verdict reduced to $400M in damages by Pennsylvania judge.United Airlines expected to cut hiring plans.Nike cuts jobs at its European headquarters as part of a cost-cutting plan.   ...</p>\n\n<a href=\"https://seekingalpha.com/article/4697510-wall-street-breakfast-podcast-pa-court-cuts-bayers-roundup-verdict-from-2-25b-to-400m\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Breakfast Podcast: PA Court Cuts Bayer's Roundup Verdict From $2.25B To $400M</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Breakfast Podcast: PA Court Cuts Bayer's Roundup Verdict From $2.25B To $400M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-05 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4697510-wall-street-breakfast-podcast-pa-court-cuts-bayers-roundup-verdict-from-2-25b-to-400m><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bayer's Roundup verdict reduced to $400M in damages by Pennsylvania judge.United Airlines expected to cut hiring plans.Nike cuts jobs at its European headquarters as part of a cost-cutting plan.   ...</p>\n\n<a href=\"https://seekingalpha.com/article/4697510-wall-street-breakfast-podcast-pa-court-cuts-bayers-roundup-verdict-from-2-25b-to-400m\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0009355771.USD","symbol_name":"骏利亨德森环球生命科技A Acc","start_time":0,"source_url":"https://seekingalpha.com/article/4697510-wall-street-breakfast-podcast-pa-court-cuts-bayers-roundup-verdict-from-2-25b-to-400m","article_id":"2441216822","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/471505987/image_471505987.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441216822","pubTimestamp":1717585207,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Bayer's Roundup verdict reduced to $400M in damages by Pennsylvania judge.United Airlines expected to cut hiring plans.Nike cuts jobs at its European headquarters as part of a cost-cutting plan.   NoDerog Listen below or on the go on Apple Podcasts and Spotify","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0009355771.USD":"骏利亨德森环球生命科技A Acc","ETNB":"89Bio, Inc.","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","UAL":"联合大陆航空","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","BK4564":"太空概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","WMT":"沃尔玛","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","BK4146":"鞋类","LU0058720904.USD":"联博国际健康护理基金A","BK4566":"资本集团","NKE":"耐克","AKRO":"Akero Therapeutics","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","BA":"波音","MDGL":"Madrigal Pharmaceuticals, Inc.","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","GP":"GreenPower Motor Company Inc.","AMC":"AMC院线","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","NVO":"诺和诺德","HLNE":"Hamilton Lane Inc","LU0149725797.USD":"汇丰美国股市经济规模基金","BAYRY":"Bayer A.G.","IE00BFTCPJ56.SGD":"Janus Henderson Global Life Sciences A Acc SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","IE00BJJMRZ35.SGD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (SGDHDG) ACC","ERJ":"巴西航空工业","USFD":"美国食品控股","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BAYZF":"Bayer A.G.","LLY":"礼来","MNMD":"Mind Medicine (MindMed) Inc.","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD"},"translate_title":"华尔街早餐播客：PA法院将拜耳的综合判决从$2.25 B下调至$4亿","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1,"WMT":1,"USFD":1,"UAL":1,"NVO":1,"NKE":1,"MNMD":1,"MDGL":1,"LLY":1,"HLNE":1,"ETNB":1,"AKRO":1,"BA":1,"BAYRY":1,"BAYZF":1,"ERJ":1,"GP":1},"content_text":"Bayer's Roundup verdict reduced to $400M in damages by Pennsylvania judge.United Airlines expected to cut hiring plans.Nike cuts jobs at its European headquarters as part of a cost-cutting plan.   NoDerog Listen below or on the go on Apple Podcasts and Spotify \n\n\n\n\n\n\n\n\nBayer's (OTCPK:BAYRY) $2.25B Roundup verdict cut to $400M by Pennsylvania judge. (00:23) United Airlines (UAL) expected to cut staffing needs this year as carrier faces shortage of planes. (01:01) Nike (NKE) cuts jobs at its European headquarters as part of $2B cost-cutting plan - report. (03:21) This is an abridged transcript of the podcast. A Philadelphia court on Tuesday slashed a $2.25B verdict against Bayer (OTCPK:BAYRY) (OTCPK:BAYZF) in the case of a man who said he developed cancer from exposure to the company's Roundup weedkiller. Instead of $2.25B the judgment is now $400M. Bayer-owned (OTCPK:BAYRY) (OTCPK:BAYZF) Monsanto will now be required to pay $350M in punitive damages and slightly more than $50M in compensatory damages in the case, according to court documents. The company said it continues to disagree with the ruling on the liability verdict and will seek an appeal at the Superior Court of Pennsylvania. With fewer Boeing (BA) aircraft to fly, United Airlines (NASDAQ:UAL) is trimming its staffing needs for the year and will not hire as many workers as previously announced. According to Reuters, United (UAL) is now planning to hire close to 10,000 new employees in 2024 versus earlier plans of as many as 15,000. Last year, United hired 16,000 new employees. After a cluster of safety mishaps in early spring, the Federal Aviation Administration initiated an investigation into United (UAL) and limited the carrier from adding more routes to its schedule, and discussed other potential options that would include preventing passengers from flying on new Boeing (BA) jets and withdrawing United’s (UAL) ability to approve and promote pilots to fly on planes made by Boeing’s competitors. At the same time, increased FAA scrutiny and difficulty certifying new planes left Boeing (BA) unable to complete orders for the MAX 10. This left carriers like United (UAL) with fewer planes and too many employees despite what industry experts said would be a very busy summer travel season. This forced the carrier to furlough pilots and offer others unpaid leave. United was looking to fill the gap left by Boeing (BA) with comparable models from Airbus (EADSY, EADSF) and Embraer (ERJ) as well as Boeing’s (BA) smaller jet, the 737 MAX 9. If you’re trying to navigate all the headlines surrounding Boeing, United and any other topic you hear about on Wall Street Breakfast, Seeking Alpha is hosting its first-ever Seeking Alpha Investing Summit. The date will be here soon, Tuesday, June 18 in New York City. The Seeking Alpha Investing Summit will show you how to navigate volatility from top executives at Amazon Web Services, Invesco, Schwab, Cantor Fitzgerald, and many more. You’ve heard from Seeking Alpha Investing Group leaders and analysts on this show as well as our sister podcast, Investing Experts. This is a good place to connect with those analysts in-person. The event is open to Seeking Alpha subscribers only. As a special offer to Seeking Alpha podcast listeners, enter the code PODCAST at checkout for a 30% discount on your pass. Learn more and register today at: Seeking Alpha Investing Summit. Nike (NYSE:NKE) has cut positions in its European headquarters as part of a multiyear cost-cutting plan. The exact number of positions is unclear but according to the Bloomberg report, the Nike campus in the Netherlands is home to more than 2,000 employees. Separately, Nike (NKE) filed notice with the state of Oregon that the company will be permanently reducing its workforce at its World Headquarters located in Beaverton, Oregon. Earlier in the year, Nike (NKE) CEO John Donahoe told employees that the company will lay off 2% of its workforce, a figure that suggested the company could eliminate as many as 1,500 jobs. Converse, which is owned by Nike, has also reportedly cut jobs. More articles on Seeking Alpha: Elon Musk estimates Tesla will spend up to $4B this year on Nvidia AI chips Microsoft invests in AI startup Touchcast as it improves gen-AI efficiency: report The EV-related stock that is up 100% this year and still loved by both analysts and quants 'Roaring Kitty's' GameStop trades come under probe by Massachusetts regulator - report Catalyst watch:  Notable investor events include Hamilton Lane's (HLNE) Investor Day, US Foods' (USFD) Investor Day and AMC Entertainment's (AMC) annual meeting. Walmart's (WMT) high-profile annual meeting in Bentonville, Arkansas is also today. Walmart (WMT) shareholders will vote on proposals covering executive compensation, employee wage policies, gestation crates, and financial sustainability. GreenPower Motor Company (GP) will unveil a new, state-of-the-art, all-electric refrigerated truck at Home Delivery World. The European Association for the Study of the Liver conference will begin. Analysts have Akero Therapeutics (AKRO), 89bio (ETNB), Madrigal Pharmaceuticals (MDGL), Novo Nordisk A/S (NVO), and Eli Lilly (LLY) circled as some of the healthcare companies to watch for notable presentations.  Wall Street's major market averages concluded Tuesday's trading session slightly higher as investors pushed through a choppy day of trading activity. The Dow (DJI) finished ahead by 0.3%, the S&P 500 (SP500) ended in the green by 0.1%, and the Nasdaq (COMP:IND) closed on top by 0.1%. From a sector point of view, six of the 11 S&P segments rounded out the day higher. Leading the pack was Real Estate and Consumer Staples. On the flip side, Energy was the worst performer. Now let’s take a look at the markets as of 6 am. Ahead of the opening bell today, Dow, S&P and Nasdaq futures are in the green. Crude oil is up 0.1% at $73 per barrel. Bitcoin is up 3.1% at more than $70,000. In the world markets, the FTSE 100 is up 0.1% and the DAX is up 0.5%. The biggest movers for the day premarket: Mind Medicine (NASDAQ:MNMD) shares plunged more than 20% after the U.S. Food and Drug Administration voted against a therapy based on the mind-altering drug MDMA for patients with post-traumatic stress disorder, marking a setback to the nascent field of psychedelic treatments. On today’s economic calendar:  8:15 ADP Employment Report 10:00 ISM Services Index Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.1","shortVersion":"4.24.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2441216822"}