Bayer has agreed to a $7.25 billion deal to settle tens of thousands of lawsuits that its weedkiller Roundup caused cancer.
The big picture: Bayer — which acquired Roundup when it bought Monsanto in 2018 — announced Tuesday that it'll compensate people who allegedly suffered non-Hodgkin lymphoma due to exposure to Roundup.
A dizzying range of factors led to last year's deadly collision between an Army helicopter and a regional jet over the Potomac River, per the final National Transportation Safety Board report out Tuesday.
Why it matters: As is often the case with major aviation disasters, many smaller issues — each perhaps benign on their own — added up to a tragedy of the grandest scale, leaving 67 people dead.
Nearly half of Americans would describe President Trump as "corrupt," "racist" and "cruel" in new polling full of midterm warning signs for Republicans.
Why it matters: Trump's approval numbers are falling across the board.
The euro —its future in disarray barely a dozen years ago — is back.
Why it matters: European leaders are trying to carve out a bigger global role for their currency in a Trump-shaped world order. If they are successful, it could chip away at America's biggest economic advantage: the outsize demand for dollars and U.S. debt.
The Commodity Futures Trading Commission is launching a legal campaign to defend its regulatory turf on prediction markets, setting up a clash with states that have sought to block them.
Why it matters: Prediction markets like Kalshi and Polymarket have been surging in popularity, raising questions about the legality of sports event contracts and other trading opportunities in a growing gambling culture.
Two teachers unions this morning sent a letter to the U.S. Securities & Exchange Commission, requesting that it investigate what they believe were "misleading" statements made by Apollo Global Management to its investors, regarding the firm's relationship to Jeffrey Epstein.
Why it matters: Apollo hasn't put this to bed, five years after severing ties with firm founder and former Epstein pal Leon Black.
Tide is introducing one of the biggest changes to laundry detergent in more than a decade with the national rollout of Tide evo, a dry, tile-based alternative to liquids and pods.
Why it matters: The U.S. laundry care market is worth nearly $25 billion, and even small shifts in format can move billions in retail sales.
Warner Bros. Discovery on Tuesday said it will reopen deal talks with Paramount Skydance, possibly reigniting a bidding war with Netflix.
Why it matters: Paramount has made numerous revisions in an attempt to get WBD's board to take its offer seriously. By holding out for a "best and final offer," it looks like WBD may be able to get Paramount to lift its price to at least $31 per share.
AI is concentrating stocks, bonds, private credit — and even the broader economy — around a single bet.
Why it matters: Tech companies are projected to issue over $1 trillion in debt to fund their AI goals this year. Yet there's little evidence the technology can be monetized at a scale that justifies the bet.
