Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

QBs Murray, Haskins to work out for Raiders

FILE PHOTO: NCAA Football: Oklahoma Pro Day
FILE PHOTO: Mar 13, 2019; Norman, OK, USA; Oklahoma quarterback Kyler Murray participates in positional workouts during pro day at the Everest Indoor Training Center at the University of Oklahoma. Mandatory Credit: Jerome Miron-USA TODAY Sports

April 1, 2019

Heisman Trophy-winning quarterback Kyler Murray will work out privately for the Oakland Raiders on Monday, according to a report.

Albert Breer of the MMQB said the workout will take place in Dallas. On Tuesday, the Raiders’ brass will travel to Columbus, Ohio, to watch former Ohio State quarterback Dwayne Haskins in action, he added.

As recently as last week at the league meetings in Phoenix, Raiders coach Jon Gruden said veteran David Carr will be his quarterback in 2019.

“Yeah. He’s going to be our quarterback,” Gruden said in an interview with NFL Network from the meetings. “I’m not going to address all the rumors. I could care less about the rumors.

“He threw for 4,100 yards. Threw for almost 70 percent (completion rate) in a very dire, tough circumstance. So I’ve got a lot of confidence in Carr; what he can do with Antonio Brown, with Tyrell Williams, with Trent Brown coming in here to help our offensive line.”

Gruden acknowledged last week that the Raiders would hold workouts with quarterbacks of interest as part of its due diligence before the draft.

“We’re going to meet with a lot of guys at every position,” Gruden said. “We’re not going to look past anybody at any position. We have the fourth pick in this draft and we’re going to make sure we get it right.”

The Raiders also hold the Nos. 24 and 27 picks, as well as the No. 35 pick (second round), so they have wiggle room to trade up for a quarterback if they desire.

The NFL draft will be held April 25-27 in Nashville, Tenn.

–Field Level Media

Source: OANN

0 0

Paul Ryan Changes Tune, Says Trump Will Win in 2020

Former House Speaker Paul Ryan clarified his remarks Wednesday regarding President Donald Trump and the 2020 election, saying Trump's record is proof he will win another term.

Ryan aired his thoughts on Twitter, saying:

"To be clear, GOP wins elections when they're about ideas not when they're personality contests like Dems & media want. We're clearly better off because of @RealDonaldTrump. His record of accomplishment is why he'll win re-election especially when compared to Dems' leftward lurch."

During a lecture Monday in Vero Beach, Florida, Ryan indicated Trump's personality could lead to him losing to a Democrat in next year's election.

"The person who defines that race is going to win the race," Ryan said. "If this is about Donald Trump and his personality, he isn't going to win it."

Ryan, a Republican, represented Wisconsin in the House from 1999 until January. He was House speaker from 2015-2019.

Source: NewsMax America

0 0

Nvidia partners with Softbank to deploy cloud gaming servers in Japan

FILE PHOTO: The SoftBank Group logo displayed at the SoftBank World 2017 conference in Tokyo
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

March 18, 2019

(Reuters) – Chip designer Nvidia Corp said on Monday it has partnered with Softbank Group Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea later this year.

Nvidia makes graphics chips for PCs and laptops that help video games look more realistic. Now the company is putting those same chips inside servers in data centers so that gamers who do not have an Nvidia chip in their computer can stream games from the data center.

Nvidia said at a conference in San Jose, California, that it has created a “pod” of its graphics cards that can support up to 10,000 gamers streaming games at once.

The company said Softbank and LG Uplus would use the cards for services to let customers stream games over 5G networks, the next generation of wireless data networks.

(Reporting by Stephen Nellis in San Francisco and Munsif Vengattil in Bengaluru; editing by G Crosse)

Source: OANN

0 0

Trump administration to allow lawsuits over seizures of US property in Cuba

The Trump administration intends to announce Wednesday that it will allow U.S. citizens to sue companies doing business in Cuba, according to a senior administration official.

Marking another break from Trump’s predecessors that threatens to upend relations with allies, the administration plans to enforce a provision of a 1996 law known as Helms-Burton that allows Cubans who fled Fidel Castro’s regime to sue companies that have used their former property on the island.

CUBA CITES LACK OF EVIDENCE IN MYSTERIOUS SONIC ATTACKS ON DIPLOMATS

Every president since Bill Clinton has suspended the section of the act that would allow such lawsuits because they could snarl companies from U.S.-allied countries – like the U.K., France and Spain – in years of complicated litigation that could prompt international trade claims against the United States.

The senior administration official said going forward, there will be no more waivers. The official spoke on condition of anonymity ahead of the official announcement.

The Trump administration has signaled plans to end the waivers. It's taking the step in retaliation for Cuba's support of embattled Venezuelan President Nicolas Maduro, whom the U.S. is trying to oust in favor of opposition leader Juan Guaido.

CLICK TO GET THE FOX NEWS APP

White House National Security Adviser John Bolton plans to deliver a speech in Miami -- home to thousands of exiles and immigrants from Cuba, Venezuela and Nicaragua – criticizing those governments as a “troika of tyranny.”

The speech at the Bay of Pigs Veterans Association is being delivered on the 58th anniversary of the United States' failed 1961 invasion of the island, an attempt to overthrow the Cuban government.

Fox News' Kellianne Jones and The Associated Press contributed to this report. 

Source: Fox News Politics

0 0

AP source: Justice Dept. probing development of Boeing jets

U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities" in the crash of an Ethiopian Airlines Max 8 last week and a Lion Air jet in October.

The Justice Department probe will examine the way Boeing was regulated by the Federal Aviation Administration, said the person, who asked not to be identified because the inquiry is not public.

A federal grand jury in Washington sent a subpoena to someone involved in the plane's development seeking emails, messages and other communications, the person told The Associated Press.

The Transportation Department's inspector general is also looking into the FAA's approval of the Boeing 737 Max, a U.S. official told AP. The official wasn't authorized to discuss the matter publicly and spoke on condition of anonymity. The Wall Street Journal reported on the probe Sunday said the inspector general was looking into the plane's anti-stall system. It quotes unidentified people familiar with both cases.

The anti-stall system may have been involved in the Oct. 29 crash of a Lion Air jet off of Indonesia that killed 189 people. It's also under scrutiny in the March 10 crash of an Ethiopian Airlines jet that killed 157.

The Transportation Department's FAA regulates Chicago-based Boeing and is responsible for certifying that planes can fly safely.

The grand jury issued its subpoena on March 11, one day after the Ethopian Airlines crash, according to the person who spoke to The Associated Press.

Spokesmen for the Justice Department and the inspector general said Monday they could neither confirm nor deny the existence of any inquiries. The FAA would not comment.

"Boeing does not respond to or comment on questions concerning legal matters, whether internal, litigation, or governmental inquiries," Boeing spokesman Charles Bickers said in an email.

The company late Monday issued an open letter from its CEO, Dennis Muilenburg, addressed to airlines, passengers and the aviation community. Muilenburg did not refer to the reports of the Justice Department probe, but stressed his company is taking actions to ensure its 737 Max jets are safe.

Those include an upcoming release of a software update and related pilot training for the 737 Max to "address concerns" that arose in the aftermath of October's Lion Air crash, Muilenburg said. The planes' new flight-control software is suspected of playing a role in the crashes.

The French civil aviation investigation bureau BEA said Monday that black box data from the Ethiopian Airlines flight showed the links with the Lion Air crash and will be used for further study.

Ethiopian authorities asked BEA for help in extracting and interpreting the crashed plane's black boxes because Ethiopia does not have the necessary expertise and technology.

The Ethiopian Accident Investigation Bureau intends to release a preliminary report within 30 days.

The United States and many other countries have grounded the Max 8s and larger Max 9s as Boeing faces the challenge of proving the jets are safe to fly amid suspicions that faulty sensors and software contributed to the two crashes in less than five months.

Both planes flew with erratic altitude changes that could indicate the pilots struggled to control the aircraft. Shortly after their takeoffs, both crews tried to return to the airports but crashed.

Boeing has said it has "full confidence" in the planes' safety. Engineers are making changes to the system designed to prevent an aerodynamic stall if sensors detect that the jet's nose is pointed too high and its speed is too slow.

Investigators looking into the Indonesian crash are examining whether the software automatically pushed the plane's nose down repeatedly, and whether the Lion Air pilots knew how to solve that problem. Ethiopian Airlines says its pilots received special training on the software.

Dennis Tajer, an American Airlines pilot and a spokesman for their union, said Boeing held a discussion with airlines last Thursday but did not invite pilots at American or Southwest, the two U.S. carriers that use the same version of the Max that crashed in Indonesia and Ethiopia.

Tajer said airline officials told the unions that Boeing intends to offer pilots about a 15-minute iPad course to train them on the new flight-control software on Max jets that is suspected of playing a role in the crashes. He called that amount of training unacceptable.

"Our sense is it's a rush to comply — 'let's go, let's go, let's go,'" Tajer said. "I'm in a rush to protect my passengers."

A spokesman for the pilots' union at Southwest Airlines also said Boeing representatives told that union they expected the upgrade to be ready the end of January.

The spokesman, Mike Trevino, said Boeing never followed up to explain why that deadline passed without an upgrade. Boeing was expected to submit a proposed fix to the FAA in early January.

____

Krisher reported from Detroit. Associated Press writers David Koenig in Dallas and Michael Balsamo in Washington contributed to this report.

Source: Fox News World

0 0

House set to uphold Trump veto, let border emergency stand

President Donald Trump is nearing a victory over Democrats as the House tries overriding his first veto, a vote that seems certain to fail and would let stand his declaration of a national emergency at the Mexican border.

Tuesday's vote would keep the border emergency intact, which for now would let him shift an additional $3.6 billion from military construction projects to work on a barrier along the southwest boundary. Building the wall was one of his most oft-repeated campaign promises, though he claimed the money would come from Mexico, not taxpayers.

Trump's emergency declaration drew unanimous opposition from congressional Democrats and opposition from some Republicans, especially in the Senate, where lawmakers objected that he was abusing presidential powers.

But while Congress approved a resolution voiding Trump's move, the margins by which the House and Senate passed the measure fell well short of the two-thirds majorities that will be needed to override the veto. That's expected to happen again when the House votes Tuesday.

"The president will be fine in the House," said Minority Leader Kevin McCarthy, R-Calif., in a brief interview. "The veto will not be overridden."

Even with his veto remaining intact, Trump may not be able to spend the money for barriers quickly because of lawsuits that might take years to resolve.

Tuesday's vote was coming as Trump claimed a different political triumph after Attorney General William Barr said special counsel Robert Mueller had ended his two-year investigation without evidence of collusion by Trump's 2016 campaign with the Russian government.

Democrats were hoping to use the border emergency battle in upcoming campaigns, both to symbolize Trump's harsh immigration stance and claim he was hurting congressional districts around the country.

The Pentagon sent lawmakers a list last week of hundreds of military construction projects that might be cut to pay for barrier work. Though the list was tentative, Democrats were asserting that GOP lawmakers were endangering local bases to pay for the wall.

Congress, to which the Constitution assigned control over spending, voted weeks ago to provide less than $1.4 billion for barriers. Opponents warned that besides usurping Congress' role in making spending decisions, Trump was inviting future Democratic presidents to circumvent lawmakers by declaring emergencies to finance their own favored initiatives.

Trump supporters said he was simply acting under a 1976 law that lets presidents declare national emergencies. Trump's declaration was the 60th presidential emergency under that statute, but the first aimed at spending that Congress explicitly denied, according to New York University's Brennan Center for Justice, which tracks the law.

The House approved the resolution blocking Trump's emergency by 245-182 in February. On Tuesday, Trump opponents will need to reach 288 votes to prevail.

Just 13 Republicans opposed Trump in February, around 1 in 15. Another 30 would have to defect to override his veto.

This month, the GOP-led Senate rebuked Trump with a 59-41 vote blocking his declaration after the failure of a Republican effort to reach a compromise with the White House. Republicans were hoping to avoid a confrontation with him for fear of alienating pro-Trump voters.

Twelve GOP senators, nearly 1 in 4, ended up opposing him.

If the House vote fails, the Senate won't attempt its own override and the veto will stand.

Source: Fox News National

0 0

Trump says he is withdrawing earlier North Korea-related sanctions

North Korea's leader Kim Jong Un and U.S. President Donald Trump meet for the second North Korea-U.S. summit in Hanoi
FILE PHOTO: North Korea's leader Kim Jong Un and U.S. President Donald Trump meet for the second North Korea-U.S. summit in Hanoi, Vietnam, in this photo released on March 1, 2019 by North Korea's Korean Central News Agency (KCNA). KCNA via REUTERS

March 22, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he was ordering the withdrawal of recently announced North Korea-related sanctions imposed by the U.S. Treasury Department.

“It was announced today by the U.S. Treasury that additional large scale Sanctions would be added to those already existing Sanctions on North Korea,” Trump said on Twitter. “I have today ordered the withdrawal of those additional Sanctions!”

It was not immediately clear what sanctions Trump was referring to, although the United States on Thursday blacklisted two Chinese shipping companies that it said helped North Korea evade sanctions over its nuclear weapons program.

(Reporting by Susan Heavey; editing by Tim Ahmann)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat
FILE PHOTO: A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo

April 26, 2019

(Reuters) – India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

Trade friction between India and the U.S. has escalated after U.S. President Donald Trump announced plans earlier this year to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

In a further blow, U.S. on Monday demanded buyers of Iranian oil stop purchases by May or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers including India to continue importing limited volumes.

(Reporting by Manoj Kumar in New Delhi and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Raissa Kasolowsky)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

CLICK HERE TO GET THE FOX NEWS APP

But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Baltimore Mayor Catherine Pugh, who is facing increased calls for her immediate resignation, remains in poor health and is not “lucid” enough to decide whether to step down, her attorney told reporters late Thursday.

Steve Silverman, speaking outside one of Pugh’s residences which was raided by the FBI and IRS earlier in the day, said the embattled city leader could make a decision as early as next week.

“She is leaning toward making the best decision in the best interest in the citizens of Baltimore City,” he said, adding that Pugh has “several options” to consider.

“She just needs to be physically and mentally sound and lucid enough to make appropriate decisions.”

BALTIMORE MAYOR CATHERINE PUGH, ON LEAVE AMID BOOK PROBE, HAS HOMES AND CITY HALL OFFICE RAIDED BY FEDS

Silverman said Pugh met with a doctor at home Thursday and plans to do so again Friday, the Baltimore Sun reported.

In the latest image-tarnishing scandal for struggling Baltimore, the first-term Democratic mayor faces accusations that she used children’s book deals to cover up kickbacks for favorable treatment as a state lawmaker and city leader that earned her roughly $800,000 over several years.

BALTIMORE’S ACTING MAYOR SAYS HE ‘WOULD HATE TO SEE’ EMBATTLED MAYOR RETURN AFTER BOOK SCANDALS

As a state senator, 69-year-old Pugh sold $500,000 worth of her self-published “Healthy Holly” illustrated paperbacks to the University of Maryland Medical System, a major state employer whose board she sat on for nearly 20 years.

Baltimore police officers stand outside the house of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Pugh and also in City Hall. (AP Photo/Jose Luis Magana)

Baltimore police officers stand outside the house of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Pugh and also in City Hall. (AP Photo/Jose Luis Magana)

UMMS reportedly paid Pugh for 100,000 copies of her books between 2011 and 2018 with the stated intention of distributing the books to schools and day care centers. But some 50,000 copies remain unaccounted for and officials are probing if they were even printed.

Pugh also made $300,000 in bulk sales to other customers including health carriers that did business with the city of Baltimore.

BALTIMORE CITY COUNCIL CALLS ON EMBATTLED MAYOR CATHERINE PUGH TO RESIGN IMMEDIATELY

The politically isolated Pugh slipped out of sight on April 1 after a hastily organized press conference where she called her no-contract book deals a “regrettable mistake.” That same day, Maryland’s governor called on the state prosecutor to investigate allegations of “self-dealing.”

Pugh took an indefinite leave of absence, citing her health deteriorating intensely after a bout with pneumonia.

Federal agents arrive at the Maryland Center for Adult Training in Baltimore. MD, Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall, as well as the office of her lawyer and the home of a top aide.

Federal agents arrive at the Maryland Center for Adult Training in Baltimore. MD, Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall, as well as the office of her lawyer and the home of a top aide. (Loyd Fox/Baltimore Sun via AP)

On Thursday morning, agents with the FBI and IRS searched her two Baltimore homes, her City Hall offices, and a nonprofit organization she once led. The home of at least one of Pugh’s aides was also scoured.

Silverman said federal agents also served a subpoena at his law firm, retrieving Pugh’s original financial records. They did not seek any attorney-client privileged communications, he said.

Pugh’s attorney said she was “emotionally extremely distraught” following the searches by FBI and IRS agents.

“There was nothing incriminating that came out of her home,” Silverman said.

UMMS spokesman Michael Schwartzberg told reporters that the medical system received a grand jury witness subpoena seeking documents and information related to Pugh.

Other probes against Pugh include a review by the city ethics board and the Maryland Insurance Administration.

BALTIMORE MAYOR’S $500G DEAL FOR ‘HEALTHY HOLLY’ CHILDREN’S BOOKS DRAWS SCRUTINY

In recent weeks, the calls for Pugh’s resignation have intensified with the strongest voice coming from Republican Gov. Larry Hogan, who did not mince words after Thursday’s early morning raids.

“Now more than ever, Baltimore City needs strong and responsible leadership. Mayor Pugh has lost the public trust,” he said. “She is clearly not fit to lead. For the good of the city, Mayor Pugh must resign.”

Federal Bureau of Investigation, and Internal Revenue Service agents search the home of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall.

Federal Bureau of Investigation, and Internal Revenue Service agents search the home of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall. (Jerry Jackson/Baltimore Sun via AP)

Many of her fellow Democrats, including those on Baltimore’s demoralized City Council and state lawmakers, are also insisting that Pugh put the citizens’ interests above any attempt to preserve her political career.

City Council member Brandon Scott called the Thursday raids “an embarrassment to the city.”

However, only a conviction can trigger a mayor’s removal from office, according to the city solicitor. Baltimore’s mayor-friendly City Charter currently provides no options for ousting its executive.

Six of Pugh’s staffers joined her on paid leave earlier this month; three of them were fired this week by the acting mayor.

CLICK HERE TO GET THE FOX NEWS APP

Pugh came to office in late 2016 after edging out ex-Mayor Sheila Dixon, who had spent much of her tenure fighting corruption charges before being forced to depart office in 2010 as part of a plea deal connected to the misappropriation of about $500 in gift cards meant for needy families.

She would certainly face a bruising 2020 Democratic primary if she were to return and run for reelection. Veteran City Council leader Bernard “Jack” Young, who is serving as acting mayor, said as she went on leave that he would merely be a placeholder. But this week, before the raids, he said “it could be devastating for her” if she tried to return.

The Associated Press contributed to this report.

Source: Fox News National

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake/File Photo

April 26, 2019

By Amit Dave and Mayank Bhardwaj

AHMEDABAD/NEW DELHI (Reuters) – PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.

Pepsi has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips.

PepsiCo is seeking more than 10 million rupees ($142,840.82) each for alleged patent infringement.

The farmers grow potatoes in the western state of Gujarat, a leading producer of India’s most consumed vegetable.

“We have been growing potatoes for a long time and we didn’t face this problem ever, as we’ve mostly been using the seeds saved from one harvest to plant the next year’s crop,” said Bipin Patel, one of the four farmers sued by Pepsi.

Patel did not say how he came by the PepsiCo variety.

A court in Ahmedabad, the business hub of Gujarat, on Friday agreed to hear the case on June 12, said Anand Yagnik, the lawyer for the farmers.

“In this instance, we took judicial recourse against people who were illegally dealing in our registered variety,” A PepsiCo India spokesman said. “This was done to protect our rights and safeguard the larger interest of farmers that are engaged with us and who are using and benefiting from seeds of our registered variety.”

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 potato variety to a group of farmers who in turn sell their produce to the company at a fixed price.

The All India Kisan Sabha, or All India Farmers’ Forum, has asked the Indian government to protect the farmers.

The farmers’ forum has also called for a boycott of PepsiCo’s Lay’s chips and the company’s other products.

The Ministry of Agriculture & Farmers’ Welfare did not immediately respond to an email seeking comment.

PepsiCo is the second major U.S. company in India to face issues over patent infringement.

Stung by a long-standing intellectual property dispute, seed maker Monsanto, which is now owned by German drugmaker Bayer AG, withdrew from some businesses in India over a cotton-seed dispute with farmers, Reuters reported in 2017. (reut.rs/2ncBknn)

(Reporting by Amit Dave in AHMEDABAD and Mayank Bhardwaj in NEW DELHI; Editing by Martin Howell and Louise Heavens)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

April 26, 2019

By P.J. Huffstutter and Shradha Singh

CHICAGO/BENGALURU (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41 percent in the first quarter.

ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska; Cedar Rapids, Iowa; and Peoria, Illinois.

The ethanol subsidiary will report as an independent segment, the company said, allowing options “which may include, but are not limited to, a potential spin-off of the business to existing ADM shareholders.”

Results were hit by the “bomb cyclone” blizzards that devastated the Midwest and Great Plains this year, causing massive flooding across Nebraska, Iowa and Missouri, washing out rail lines and wreaking havoc in the moving and processing of corn, soybeans and wheat. One-sixth of U.S. ethanol production was halted.

In March, ADM warned Wall Street that flooding and severe winter weather in the U.S. Midwest would reduce its first-quarter operating profit by $50 million to $60 million.

“The first quarter proved more challenging than initially expected,” said Chairman and Chief Executive Officer Juan Luciano, with earnings down in its starches, sweeteners and bioproducts unit. Luciano said impacts of the severe weather ultimately “were on the high side of our initial estimates”.

Ongoing problems in the ethanol industry added to the problems and “limited margins and opportunities” for ADM, Luciano said.

The ethanol industry has been in the midst of a historic downswing due to the U.S.-China trade war, excess domestic supply and weak margins.

ADM, which had been an ethanol pioneer, signaled to Wall Street in 2016 that it was hunting for options and considering sales of its U.S. dry ethanol mills. Luciano told Reuters this year that offers ADM had received for the mills were too low.

In addition, ADM said it planned to repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches.

Other major traders are alsy trying to distance themselves from struggling ethanol businesses. Louis Dreyfus Company BV spun off its Brazilian sugar and ethanol business Biosev in 2013. Rival Bunge sold its sugar book and has sought a buyer for its Brazilian mills since 2013.

ADM, which makes money trading, processing and transporting crops, such as corn, soybeans and wheat, has been looking to strengthen its core business. Last month it said it would seek voluntary early retirements of some North American employees and cut jobs as part of a restructuring effort.

The company expects to lower 2019 capital spending by 10 percent to between $800 million and $900 million.

Net earnings attributable to the company fell to $233 million, or 41 cents per share, in the three months ended March 31, from $393 million, or 70 cents per share, a year earlier.

Revenue fell to $15.30 billion from $15.53 billion. On an adjusted basis, the company earned 46 cents per share, while analysts on average had estimated 60 cents, according to IBES data from Refinitiv.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta, Chizu Nomiyama and David Gregorio)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist