Aug 13, 2018 - Economy & Business

Bayer loses $10 billion in value after Roundup ruling

Dan Primack, author of Pro Rata

Photo credit should read Josh Edelson/AFP/Getty Images

Bayer stock fell more than 10% on Monday, representing a loss of more than $10 billion in market cap, on the first day of trading after a California jury found that the German company owed $289.2 million to a man who claims to have gotten cancer from exposure to Roundup weed killer.

The bottom line: Bayer might have taken on a bigger liability than it realized in buying Roundup maker Monsanto, via a $64 billion merger that closed this past June, as this could be just the first of thousands of similar lawsuits.

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Ina Fried, author of Login
8 mins ago - Technology

Candidates go online to cut through debate noise

Photo: Saul Loeb/AFP via Getty Images

While President Trump and Joe Biden fought to be heard in a rowdy debate Tuesday, both campaigns sought to draw digital battle lines and occupy online turf they could have all to themselves.

The big picture: Trump's impulsive Twitter style made a shambles of the debate format, but online the candidates were able to find niches where they couldn't be interrupted — and could motivate their supporters to donate, organize and turn out to vote.

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Ben Geman, author of Generate
53 mins ago - Energy & Environment

Shell plans up to 9,000 job cuts by 2022

A Shell station in Brazil. Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Royal Dutch Shell will shed up to 9,000 jobs as it undergoes a long-term restructuring around climate-friendly energy sources and continues to grapple with the coronavirus pandemic that has battered the oil industry.

Why it matters: The cuts could amount to over 10% of the company's global workforce, which was 83,000 at the end of 2019.

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Caitlin Owens, author of Vitals
1 hour ago - Health

The coronavirus' alarming impact on the body

Illustration: Eniola Odetunde/Axios

Scientists are racing to learn more about the damage the novel coronavirus can do to the heart, lungs and brain.

Why it matters: It’s becoming increasingly clear that some patients struggle with its health consequences — and costs — far longer than a few weeks.

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