Aug 13, 2018

Bayer loses $10 billion in value after Roundup ruling

Dan Primack

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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Rebecca Falconer

Intelligence community watchdog suggests Trump fired him for doing his job

Michael Atkinson, Inspector General of the Intelligence Community,at the Capitol in October. Photo: Win McNamee/Getty Images

Intelligence Community Inspector General Michael Atkinson suggested in a statement Sunday President Trump fired him for acting impartially in carrying out his duties following a whistleblower complaint.

Why it matters: Atkinson alerted Congress last September to the complaint on Trump's correspondence with Ukraine's president, triggering an inquiry that resulted in the president's impeachment.

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Rebecca Falconer, Orion Rummler, Marisa Fernandez

U.S. coronavirus updates: Death toll passes 9,500

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 9,500 in the U.S. Sunday evening, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday this upcoming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 1 hour ago - Health
Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 1,273,794 — Total deaths: 69,419 — Total recoveries: 260,193 — Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 337,274 — Total deaths: 9,633 — Total recoveries: 17,449 — Map.
  3. Federal government latest: Surgeon general says this week will be "our Pearl Harbor, our 9/11 moment." The USDA confirms that a Bronx zoo tiger tested positive for coronavirus.
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. Biden says DNC may have to hold virtual convention.
  5. States updates: New York Gov. Andrew Cuomo said the state is "literally going day-to-day" with supplies.
  6. World update: Queen Elizabeth II urges the British people to confront pandemic with "self-discipline" and "resolve" in rare televised address.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Keep ReadingArrowUpdated 1 hour ago - Politics & Policy