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10 Connecticut high school students arrested in out-of-control food fight

Ten Connecticut high school students were arrested after participating in a food fight so wild it left a teacher injured and a school resource officer hospitalized, officials said.

The "out of control" ordeal took place at Westhill High School in Stamford on Friday after students planned the fight and circulated it on social media, the Stamford Police Department said in a news release.

CHIPOTLE EMPLOYEE FIRED AFTER SLAPPING CO-WORKER DURING 'PLAY' FIGHT

The fight included "hundreds of students running out of the school, many throwing eggs, water and soda cans," in addition to "a few skirmishes."

The situation was so chaotic that investigators said a school resource officer who was hit in the head with a full can of soda had to be transported to the ER and treated for a laceration and a concussion. A teacher at the high school was injured after "she was trampled by a mass of students."

Ten students have been arrested after a food fight broke out at Westhill High School in Stamford, Connecticut, according to police.

Ten students have been arrested after a food fight broke out at Westhill High School in Stamford, Connecticut, according to police. (Google)

"We realize that the citizens, parents, teachers and vast majority of the students do not condone this behavior," the police department wrote. "This is not the learning environment we expect and demand for our children in this City."

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Following a "countless" number of hours investigating and reviewing surveillance footage, police arrested 10 juveniles in connection to the food fight. They're scheduled to appear in juvenile court. The department said the charges "range from Riot in the 1st degree, Breach of Peace to Reckless Endangerment and Assault on a Police Officer."

Investigators urged parents to monitor their children's social media accounts to prevent similar incidents.

Source: Fox News National

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Spying Claim a Lie, Everything Was Done by the Book

MSNBC's Joe Scarborough and the "Morning Joe" crew discuss Attorney General Bill Barr's statement that he believes "spying did occur" on the 2016 Trump campaign.

"It's such a total lie. Everybody on the planet knew the second he said that that it was being thrown out as red meat," he said about Barr's statement.

"Not only was there not any evidence whatsoever of that, improper spying or surveillance or whatever they want to call it, but there's also actually a lot of counter-veiling evidence that everything that was done was proper," Scarborough said. "Everything was done by the book and there were procedural safeguards."

MIKA BRZEZINSKI: When the president throws around terms like "spying," much of the country simply tunes out. When the attorney general does it, it's a whole different story and now the Justice Department is reportedly concerned about partisan allies of the president using William Barr's phrasing to suggest that something illegal occurred. A person familiar with the attorney general's thinking said to the "Washington Post" that Barr was not trying to provide conservatives with rhetorical --

JOE SCARBOROUGH: First of all, that's -- we just have to stop there.

BRZEZINSKI: This guy.

SCARBOROUGH: It's such a total lie. Everybody on the planet knew the second he said that that it was being thrown out as red meat. Even though he backed off.

JOHN HEILEMANN: Given that he didn't back off that much. We read like a Hannity script and if he wasn't doing that, what was he doing given there's no evidence for it whatsoever. If there's no evidence for it and you're at a congressional testimony and you're saying something like this, what other purpose are you serving?

SCARBOROUGH: Not only was there not any evidence whatsoever of that, improper spying or surveillance or whatever they want to call it, but there's also actually a lot of counter-veiling evidence that everything that was done was proper, because again, four, five federal judges approved the warrant. They were all Republicans. You have Republicans all around this process that were saying yeah, this is something we need to look into. Everything was done by the book and there were procedural safeguards, something that Donald Trump hates, something that he considers to be a nuisance, but there were procedural safeguards all along the way.

WILLIE GEIST: The surveillance of Carter Page, who was no longer on the Trump campaign when he underwent surveillance went through a FISA court, so your quarrel is with the FISA court. I think what a lot of conservatives and Republicans don't like, is the way that the FISA surveillance was approved. They don't like the basis for it, the information provided to the court. But that is the FISA court's decision. The FISA court decided whether or not to surveil Carter Page. So you're arguing with FISA, you're not arguing with a political thing.

JOHN HEILEMANN: Not just FISA, but also Rod Rosenstein, who signed off, people who work for Bill Barr right now in the Justice Department who approved the extension of the FISA warrants. It's like people who are Republicans working in the Justice Department who approved it.

MIKE BARNICLE: The FISA court wasn't just created a year ago. The other aspect is if you watch the clip of Bill Barr using the word spying, he's a smart guy. He clearly knew exactly what he was saying.

WILLIE GEIST: But remember his claim through associates into the press anonymously was that he doesn't make a distinction between spying and surveillance and that he did not mean to suggest anything improper was done.

JOE SCARBOROUGH: Except for the fact he thought that was wrong to do that in political campaigns. Seriously? Is he that stupid? I don't think he's that stupid. I know there's a lot of lawyers in Washington, D.C. that are shocked about what he's doing right now.

MIKA BRZEZINSKI: Well, the person familiar --

JOE SCARBOROUGH: People that have known him for years, Democrats and Republicans alike are shocked how reckless and irresponsible and Roy Cohn-like he's being. He's destroying his legacy here and what happens, Mike, to those people who destroy their legacy? Does Trump say thank you for destroying your legacy for me by making a fool of yourself in front of the American people by showing you have no respect for the rule of law? What happens to those people in the end? They get thrown out.

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A’s get DH Morales from Jays for minor-leaguer

MLB: Spring Training-Toronto Blue Jays at Philadelphia Phillies
Mar 15, 2019; Clearwater, FL, USA; Toronto Blue Jays designated hitter Kendrys Morales (8) singles to right field during the fourth inning against the Philadelphia Phillies at Spectrum Field. Douglas DeFelice-USA TODAY Sports/File Photo

March 28, 2019

The Oakland Athletics acquired infielder Kendrys Morales and cash from the Toronto Blue Jays in exchange for minor league infielder Jesus Lopez and international-slot money.

Right-handed pitcher Jharel Cotton was put on the Athletics’ 60-day injured list to make room on the 40-man roster.

Morales, 35, hit .249 with 21 home runs and 57 RBIs in 130 games for the Blue Jays last year. He had a seven-game home run streak from Aug. 19-26 — hitting eight in that span — and was one game shy of the record, which has been accomplished three times.

The Cuban is a career .268 hitter over 12 seasons in the big leagues, with 211 home runs and 728 RBIs in 1,310 games including stints with Los Angeles Angels, Seattle Mariners, Minnesota Twins and Kansas City Royals.

Cotton missed all of last season after undergoing Tommy John surgery on March 21, 2018. The 27-year-old started 24 games in 2017, going 9-10 with a 5.58 ERA over 129 innings.

Lopez, 22, had been with the A’s as a non-drafted free agent since signing in 2013. He has never played above the low Class-A level. The native of Nicaragua has hit .221 with 15 home runs and 111 RBIs in 333 minor league games. He spent all of 2018 with low Class-A Beloit Snappers of the Midwest League, hitting .239 with 10 home runs in 84 games.

–Field Level Media

Source: OANN

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Sen. Harris Regrets Unintended Consequence of Truancy Law

Sen. Kamala Harris, D-Calif., expressed regret for the unintended consequences of a state truancy law she pushed as San Francisco district attorney in a Pod Save America interview.

The law, which made it a crime for parents to allow children to miss too many days of school, resulted in the arrest and jailing of some parents, The Hill pointed out.

The Democratic presidential candidate, however, said those cases were not in her jurisdiction and "When I was [San Francisco] DA, we never sent a parent to jail."

She said the point of her initiative was to prevent elementary school children from missing large chunks of the school year, which would then lead to them failing to learn how to read properly, stunt their ability to succeed and often times pave the way to a life of crime, which also harmed society

"We ended up increasing attendance by over 30 percent, because we actually required the system then to kick in and do the services that they were required to do and sometimes had available, but they weren't doing the outreach with these parents," Harris said. "And so that was the whole purpose.”

She expressed concerns jailing parents could make worse the same social problems the policy was meant to fight against, saying "I wanted to avoid a situation where those children end up being criminalized . . . because we failed them in the earliest stages."

"My regret is that I have now heard stories where in some jurisdictions, DAs have criminalized the parents," she said. "And I regret that that has happened and the thought that anything that I did could have led to that, because that certainly was not the intention."

Source: NewsMax Politics

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Indian minister says extreme poverty falling, to end by 2031

FILE PHOTO: Woman carries stuffed toys through a dump site in Mumbai
FILE PHOTO: A woman carries stuffed toys through a dump site on the outskirts of Mumbai, India, June 4, 2018. REUTERS/Francis Mascarenhas/File Photo

April 15, 2019

NEW DELHI (Reuters) – India’s finance minister said on Monday fast economic growth and rapid urbanization would slash the number of people in extreme poverty by 2021 and end it completely in the decade after that.

More than 21 percent of India’s 1.3 billion people lived on less than $1.90 a day in 2011, when the last census was taken, according to the World Bank.

The economy is a major issue in a staggered general election that began on Thursday and will end on May 19, with the main opposition Congress party rejecting a rosy picture Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party (BJP) has been presenting.

Finance Minister Arun Jaitley, who heads the BJP’s publicity department in the election, said the number of people who live in poverty would drop to below 15 percent in the next three years and to a negligible level in the 10 years after that.

“Urbanization will increase, the size of the middle-class will grow and the economy will expand manifolds,” Jaitley said in a Facebook post https://www.facebook.com/notes/arun-jaitley/why-jammu-and-kashmir-and-new-approach-to-terrorism-will-remain-a-key-political-/995970470591501.

“These will add to the number of jobs, and as the experience of the past three decades have shown in the liberalized economy, every section of citizens will benefit.”

Economic growth in recent years had generated enough revenue for states to work more on poverty alleviation, job creation and improving healthcare and education, he said.

But the Congress has taken issue with such assertions, in particular, pointing to leaked government data that showed unemployment rose to its highest level in at least 45 years in 2017/18.

Jaitley said economic problems could be addressed as India remained the world’s fastest growing major economy.

But he said restoring peace in the insurgency-hit state of Jammu and Kashmir was the most important issue facing the country.

“The issue of Jammu and Kashmir and terror continues to remain the biggest challenge before India,” he said.

“It relates to our sovereignty, integrity and security.”

Modi has won public praise by taking a tough line on neighboring Pakistan, which India accuses of backing separatist militants in Muslim-majority Kashmir. Pakistan denies that.

(Reporting by Munsif Vengattil; Editing by Robert Birsel)

Source: OANN

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Stacey Abrams says 2020 White House bid 'definitely on the table'

Stacey Abrams, the 2018 Georgia gubernatorial candidate considered a rising star in the Democratic Party despite her defeat, announced Monday that a 2020 presidential bid is "definitely on the table" -- just hours after seemingly telling attendees at the South by Southwest (SXSW) conference in Austin, Texas, that she wouldn't be ready to run until at least 2028.

Abrams, 45, who repeatedly blamed voter fraud for her defeat in Georgia, became the first African-American woman to deliver a formal State of the Union response earlier this year. In that nationally televised address, she hurled epithets at the White House and emphasized her time leading Democrats in the state House of Representatives -- experience that, on Monday, she initially appeared to recognize as insufficient to support a presidential candidacy.

"In the spreadsheet with all the jobs I wanted to do, 2028 would be the earliest I would be ready to stand for president because I would have done the work I thought necessary to be effective at that job," Abrams said onstage at SXSW, adding that she likely would make up her mind by the end of April.

DEFEATED ABRAMS REFUSES TO CALL BRIAN KEMP THE LEGITIMATE GOVERNOR OF GEORGIA 

In a follow-up tweet that she labeled a "fact check," Abrams' former campaign manager, Lauren Groh-Wargo, wrote: "@staceyabrams' remarks at #SXSW were in reference to her years-old spreadsheet, not her current considerations. She is taking a look at all options on the table in 2020 and beyond."

Abrams herself later tweeted: "In #LeadFromTheOutside, I explore how to be intentional about plans, but flexible enough to adapt. 20 years ago, I never thought I’d be ready to run for POTUS before 2028. But life comes at you fast - as I shared in Q&A w @Yamiche at @sxsw. Now 2020 is definitely on the table..."

Democratic leaders reportedly have encouraged Abrams to run for Senate in Georgia in 2020 or again for governor in 2020, and analysts have pointed to numerous potential problems with her skipping ahead straight to a White House bid.

Perhaps the biggest obstacle: The Democratic field is already stocked full with better-known candidates, including Sens. Bernie Sanders, Kamala Harris, Cory Booker and Elizabeth Warren.

Although Abrams made history by becoming the first black woman to run as a major-party nominee for governor, several of the announced Democratic contenders would make history in their own ways if they managed to unseat Trump.

And, Abrams -- who lost to Republican Brian Kemp by 1.4 percentage points in 2018 but has refused to call his tenure "legitimate" -- likely would face withering attacks from Republicans accusing her of being, in essence, a sore loser.

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Seemingly well aware of the hurdles, Abrams reassured SXSW attendees that she was focused not on raising her own soaring profile, but on the greater good of the Democrat Party.

"My task is to make certain that a Democrat is elected not only to the White House, but that we have a Democratic majority in the Senate and a Democratic majority in Congress," Abrams said.

Source: Fox News Politics

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Rep. Tom Reed: Measure Curbing National Emergencies Needed

Rep. Tom Reed, R-N.Y., said he supports an effort from Republican senators to save President Donald Trump from an embarrassing defeat over his emergency declaration for the border because Congress needs to start taking back its legislative powers.

"Congress has given that authority away to the president," Reed told CNN on Wednesday, after saying he backs the move proposed by Sen. Mike Lee, R-Utah. "The president, even under the proposed reform that the senator and I are looking to do, still has the ability to act in an emergency, but it forces Congress to have to make a determination in each and every one of those declarations going forward."

The measure supports Trump in declaring the national emergency if he agrees to support a bill allowing future emergency declarations to be checked by Congress.

"If we don't want our president acting like a king, we need to start taking back the legislative powers that allow him to do so," Lee tweeted Tuesday.

However, Reed recently voted against legislation in the House to block the president from declaring the emergency, and he told CNN that was because he agrees there is an emergency.

"In future declarations, I am going to agree or disagree with that declaration by the president," Reed said. "It gets caught up in politics because they pick and choose in Congress when they weigh in on the National Emergency Act."

He said he agrees with Lee about the president "acting like a king" with such orders, as he believes any president "that is unchecked is using authority that is way beyond" his boundaries.

Source: NewsMax America

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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