Aug 13, 2018 - Economy & Business

Bayer loses $10 billion in value after Roundup ruling

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.

Go deeper

Fadel Allassan

47 mins ago - Politics & Policy

Chief Justice John Roberts was hospitalized in June after fall

Chief Justice John Roberts overseeing the Senate impeachment trial of President Trump. Photo: Senate Television via Getty Images

Chief Justice John Roberts was hospitalized overnight after a fall on June 21, a Supreme Court spokesperson confirmed to the Washington Post on Tuesday.

Why it matters: Speculation regarding justices' health — given their lifetime appointments — always runs rampant, and this incident may have not been made public if the Post hadn't "received a tip."

Go deeper (1 min. read)

Scott Rosenberg, Margaret Harding McGill

2 hours ago - Technology

Congress vs. tech's gang of four

Illustration: Sarah Grillo/Axios

The CEOs of tech's four leading giants will defend their industry's growing concentration of power from critics on both right and left who view them as monopolists when they testify, most likely virtually, before Congress on July 27.

Why it matters: The joint appearance by Facebook's Mark Zuckerberg, Apple's Tim Cook, Amazon's Jeff Bezos and Google's Sundar Pichai will mark a historic collision between the leaders of an industry that has changed the world and political leaders who believe those changes have harmed democracy and individual rights.

Go deeper (2 min. read)

Neal Rothschild

2 hours ago - Politics & Policy

2020 attention tracker: The Trump policy trap

Data: Newswhip; Graphic: Axios Visuals — Note: Hover over the graphic on desktop to see weekly articles and interactions for candidates and issues.

The three topics generating the most intense interest online are the coronavirus, racial injustice and foreign policy, according to data from NewsWhip provided exclusively to Axios — and all are issues that are working against President Trump right now.

Why it matters: Storylines in Trump's populist sweet spot that carried the news cycle for much of his presidency — immigration, trade, a strong economy — have fallen away during the pandemic.