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Merck KGaA wins Versum’s support for sweetened $6.5 billion offer

FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt
FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo

April 8, 2019

(Reuters) – Merck KGaA won the support of Versum Materials Inc’s board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris.

“This proposal constitutes a ‘Superior Proposal’ as defined in Versum’s previously announced merger agreement with Entegris, Inc.,” Versum said in a statement on Monday.

On a per share basis, Merck offered $53, up from $48 previously, after reviewing business data and following meetings between Merck Chief Executive Stefan Oschmann and Versum Chairman Seifi Ghasemi, filings showed.

Entegris has the right to propose revisions to the existing merger agreement until April 11.

Versum will owe its jilted partner $140 million in termination fees if it agrees to be bought by Merck.

Versum, the former specialty chemicals division of industrial gases group Air Products, had previously opposed Merck’s overture, saying it was committed to an all-share merger with Entegris, agreed in January.

Merck last month launched a hostile all-cash takeover offer to Versum shareholders – with a price tag of $5.9 billion including debt – as the German pharma group looks to boost its presence in the semiconductor materials market.[L3N21G3QZ]

Based on about $700 million in assumed Versum debt and about 109 million shares, the increased Merck offer would be worth close to $6.5 billion.

(Additional reporting by Saumya Sibi Joseph in Bengaluru; Editing by Anil D’Silva/Keith Weir)

Source: OANN

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Trump-related school assignment prompts anger, death threats against Houston-area teacher: report

A Houston-area teacher was on the receiving end of death threats after asking students to review an essay that appears to be critical of President Trump, according to a report.

The teacher, who was not identified, had seventh-grade students read 10 student-written essays to determine what information could be inferred, the Houston Chronicle reported. One essay, titled “Trump Against American Values,” said some of Trump’s policies “have gone against what Americans value most, like freedom of opportunity” and that “we have witnessed insensitive remarks toward other racial and cultural groups.”

After reading, the students were given two multiple-choice questions. The first asked "Which of the following conclusions would the author most likely agree with?" One response was, “Donald Trump should not be president."

The second question asked students to complete the statement, "The reader can infer that ..." One of the choices listed was, “Mexican Americans are the major group upset with President Trump.”

COLLEGE PAPER PUBLISHES STUDENT OP-ED SLAMMING CONSERVATIVE IDEAS: 'NOT EQUAL TO LIBERAL & LEFT'

Texas Republican state Rep. Briscoe Cain was shown the assignment by a parent and blasted the district in a Facebook post on Tuesday.

"This individual has violated the sacred trust that every parent has with the State of Texas when they send their child into a public school," Cain wrote of the teacher. "They have lost the privilege of being in a classroom with Texas children, and forfeit the title of teacher. No teacher should attempt to indoctrinate a child to their ideology, no matter who is in the White House."

The parent, identified by Cain in his post as Chris Felder, said his daughter brought home the assignment asking for feedback.

"This type of non-factual rhetoric has no place in our schools regardless of who the president is," Felder is quoted as saying. "My children have experienced great teachers in the classroom, but I have also had to put up with those who see their roles as indoctrinators, not educators."

In a statement, the Goose Creek Consolidated Independent School District said the teacher did not use "good judgment" and that the matter had been settled, according to the paper. It did not specify if any disciplinary action was taken.

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The district said it fielded several calls, including death threats, after Cain posted about the assignment on his Facebook page.

"Many of those calls were deeply disturbing and threatening in nature, the district said. "While we all agree that the particular passage should not have been used, the teacher made a simple error in judgment. Like all of us, teachers are human and make mistakes from time to time."

Source: Fox News National

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Johnny Cash and Daisy Gatson Bates to replace controversial Confederate-era statues in the Capitol

The Man in Black lives on -- and not only through his music.

A statue of country music legend Johnny Cash has been chosen, along with prominent civil rights leader Daisy Gatson Bates, to represent the state of Arkansas in the National Statuary Hall of the Capitol Building – taking the place of two contentious Confederate-era figures.

“Almost everyone who was involved in the discussion agreed we needed to update the statues with representatives of our more recent history,” Arkansas Gov. Asa Hutchinson stated upon signing the bill to make the changes last week. “But there were many opinions about which historic figures best represented our state. The debate was lively and healthy.”

FLORIDA CITY DISMANTLES, RELOCATES CONFEDERATE STATUE

In the end, Cash and Bates were declared the winners to replace the statues of Uriah Rose and James Paul Clarke, which have reigned in the Capitol for over a century. Rose served as head of the American Bar Association and stood up against secession during the Civil War, but the attorney maintained his adherence to the Confederate state of Arkansas. Meanwhile, Clarke was the 18th governor of the state and later served as Senate representative but attracted opposition last year with claims he advocated white supremacy.

The East Front of the U.S. Capitol (www.aoc.gov)

The East Front of the U.S. Capitol (www.aoc.gov)

Cash, who died in 2003 at 71 years old, spent decades in the limelight as one of country music’s greatest icons with hits such as “I Walk the Line” and “Folsom Prison Blues.” Moreover, Bates is celebrated as a renowned activist and writer who guided nine children that went on to integrate Little Rock Central High School in 1957.

JOHN RICH SPEAKS OUT ON LIL NAS X’S ‘OLD TOWN ROAD’ AFTER BILLY RAY CYRUS HOPS ON REMIX: ‘LET THE FANS DECIDE’

“This is an extraordinary moment recognizing the contributions of two incredible Arkansans,” Hutchinson added. “We want our memories, through our statues, to tell the story of Arkansas. I believe our story is represented well by these two historic figures.”

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Each state is entitled to two statues of historical figures to be displayed in the Capitol Building.

Source: Fox News National

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Building bridges: Soccer diplomacy in divided Cyprus

An initiative to build bridges between the Greek and Turkish speaking communities of ethnically split Cyprus faltered after the leader of the breakaway Turkish Cypriots skipped a soccer match over a dispute of the game's location.

Mustafa Akinci said Tuesday he couldn't attend because the small stadium in the mixed village of Pyla was situated within the jurisdiction of Cyprus' internationally recognized, Greek Cypriot-run government.

He said that meant the element of evenhandedness was lacking.

Despite this, hundreds of people from both communities watched the game between Nea Salamina and Magusa Turk Gucu, and to also catch a glimpse of retired Ivorian football star Didier Drogba who attended as vice president of the Monaco-based group Peace and Sport, an organizer of the event.

Source: Fox News World

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Trump highlights decades-long feud with Nadler: ‘Some things never end’

President Trump said Tuesday that "some things never end" as he highlighted his decades-long feud with House Judiciary Committee Chairman Jerry Nadler, following a report revealing details of a 1980s real estate deal that started their bad blood.

“Congressman Jerry Nadler fought me for years on a very large development I built on the West Side of Manhattan. He wanted a Rail Yard built underneath the development or even better, to stop the job. He didn’t get either & the development became VERY successful,” Trump tweeted Tuesday.

DEMS RAMP UP ANTI-TRUMP PROBES POST-MUELLER, DESPITE PLEDGE TO FOCUS ON AGENDA

“Nevertheless, I got along very well with Jerry during the zoning and building process. Then I changed course (slightly), became President, and now I am dealing with Congressman Nadler again. Some things never end, but hopefully it will all go well for everyone. Only time will tell!” he added.

The president’s tweets come after The Washington Post reported on the history of their feud. The Post reported that it began in 1985, when Nadler was a New York State assemblyman. The Post reported that Trump, at the time, purchased property in Nadler’s district and wanted to build a development, which he reportedly wanted to call “Television City.” But Nadler wanted the property, which was a former railroad yard, to be upgraded instead. Nadler reportedly blocked Trump from public funds and mortgage insurance.

Trump ultimately began construction on the property and worked to develop residential buildings, but in 2005, after construction delays and pushback from lawmakers, Trump reportedly sold the property for $1.8 billion.

After Trump was elected president in 2016, residents of the apartments on that property voted to remove the name, Trump Place, from the buildings.

JUDICIARY COMMITTEE CHAIRMAN NADLER ACCUSED OF HYPOCRISY ON MUELLER REPORT

Fast-forward to 2019, and Nadler’s committee is leading several Trump-related inquiries. Last month, Nadler sent document requests to 81 individuals and entities connected to the president and his business dealings.

Nadler, D-N.Y., imposed a deadline last month for responses to be submitted, but at the time, only a fraction had responded.

Nadler’s panel is also leading the charge in demanding that Attorney General Bill Barr release Special Counsel Robert Mueller's Russia report in an unredacted format to the committee.

At this point, Barr has said that he will share the report with Congress by mid-April, but that the more than 400-page report is under review at the Justice Department with the help of Mueller and his team. Barr said that they are “well along in the process of identifying and redacting” sensitive material in the report before turning it over to Congress.

According to Barr’s summary of the report, the special counsel found no evidence of collusion between members of the Trump campaign and Russia during the 2016 presidential election.

The special counsel also reviewed whether the president had obstructed justice in any way, but ultimately did not come to a conclusion on that issue. Barr and Deputy Attorney General Rod Rosenstein, though, said the evidence was “not sufficient to establish that the President committed an obstruction-of-justice offense.”

Source: Fox News Politics

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Political incivility, racial hostility roil U.S. high schools, study finds

U.S. President Trump departs for Alabama from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs to visit storm-hit areas of Alabama from the White House in Washington, U.S., March 8, 2019. REUTERS/Jonathan Ernst

March 13, 2019

By Alex Dobuzinskis

(Reuters) – Political grudges and racial animosity have divided students at U.S. high schools and President Donald Trump has exacerbated the problem with his rhetoric, a study released on Wednesday showed.

Researchers at the University of California at Los Angeles (UCLA) surveyed 505 high school principals for the study. More than 60 percent of them reported some of their students had made derogatory remarks about immigrants.

More broadly, more than 80 percent of principals said some of their students had disparaged other ethnic groups.

The UCLA study is called “School and Society in the Age of Trump,” but its author said the Republican president is not solely responsible for tensions at secondary schools.

“The report is a story of this particular time, not narrowly a story of the actions of this one president, although this president’s actions contribute to it,” John Rogers, a professor of education at UCLA, said by phone.

A White House representative declined to comment.

The UCLA report described a charged environment at high schools, with most principals having to deal with students who make hateful or hostile remarks about other people’s ethnic background or political beliefs.

Groups of white students at some schools have chanted “Build the wall!” to demean students of color, according to accounts from several principals to researchers.

RISE IN HATE CRIMES

Those and other instances of racial hostility at high schools bear a resemblance to Trump’s rhetoric on immigration, the study said.

To bolster their contention that some hostility at schools is due to Trump’s positions, the study points to a 17 percent rise in hate crimes across American society in 2017, the first year of Trump’s presidency.

Some conservative students have also encountered venom from classmates.

Nearly half of principals told their students to respect students with unpopular political views, and one third emphasized the importance of tolerating the views of conservatives.

In Wisconsin, one principal reported a small group of his students arrived at school one day wearing Trump’s signature “Make America Great Again” hats, which offended some liberal teenagers and led to a fistfight.

In another episode, some students in Connecticut made demeaning comments to a white student after she showed support for Trump, a principal told researchers, and the pupil felt her teacher did not defend her right to express herself.

The report also found high schools are affected by other social problems, such as opioid addiction and firearms violence.

(Reporting by Alex Dobuzinskis in Los Angeles; Editing by Bill Tarrant)

Source: OANN

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Commerce’s Ross says census question aimed at Voting Rights Act enforcement

U.S. Commerce Secretary Wilbur Ross testifies before a House Oversight and Reform Committee hearing
U.S. Commerce Secretary Wilbur Ross testifies before a House Oversight and Reform Committee hearing on oversight of the Commerce Department, in Washington, U.S., March 14, 2019. REUTERS/Mary F. Calvert

March 14, 2019

WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross told lawmakers on Thursday that he exercised his authority to reinstate a citizenship question on the 2020 U.S. census in order to obtain more accurate data to help enforce the Voting Rights Act.

In written testimony, Ross told the House Committee on Oversight and Government Reform that he determined that this goal outweighed any reduction in census response rates that may result from the decision.

(Reporting by David Lawder)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk
Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk, Belarus April 26, 2019. REUTERS/Vasily Fedosenko

April 26, 2019

By Katya Golubkova and Andrei Makhovsky

MOSCOW/MINSK (Reuters) – Russia is confident it can soon resolve a problem of polluted Russian oil contaminating a major pipeline serving Europe and affecting supplies as far west as Germany, a senior official said on Friday at talks with importers about the issue.

Russian Deputy Energy Minister Pavel Sorokin did not give a precise timeframe but Moscow has previously said it would pump clean oil to the border with Belarus from April 29, seeking to end a crisis hitting the world’s second-largest crude exporter.

Sorokin was speaking at talks with officials from Belarus, Poland and Ukraine in Minsk on the issue. Belarus said the issue had cost it $100 million, while analysts say alternative supply routes for refiners cannot fully fill the gap.

Poland, Germany, Ukraine and Slovakia have suspended imports of Russian oil via the Druzhba pipeline. Halting those supplies has knock-on effects further along the network.

The problem arose last week when an unidentified Russian producer contaminated oil with high levels of organic chloride used to boost oil output but which must be separated before shipment as it can destroy refining equipment.

Russia’s Energy Ministry said pipeline monopoly Transneft and other Russian companies had a plan to mitigate the effects of the contaminated oil. It did not give details.

Russian officials have said contaminated oil has already been pumped into storage in Russia and Friday’s talks would focus on how to partially withdraw the tainted crude from the Druzhba pipeline running via other countries.

The suspension cuts off a major supply route for Polish refineries owned by Poland’s PKN Orlen and Grupa Lotos, as well as plants in Germany owned by Total, Shell, Eni and Rosneft.

Some refiners have outlined plans for alternative supplies, but analysts say other routes cannot meet the shortfall.

OIL PRICES

Ukraine’s Ukrtransnafta suspended the transit of oil through the pipeline on Thursday, closing supplies via Druzhba’s southern route to Slovakia, the Czech Republic and Hungary.

The pipeline issue, which has supported global oil prices, lifted Russian Urals crude differentials to an all-time high on Thursday.

With pipeline supplies to Europe shut, Russia faces a challenge of how to divert about 1 million barrels per day (bpd) that was meant to be shipped through the network to other destinations at the time when export capacity is at its limits.

State-run Russian Railways held talks with energy firms on using up to 5,000 rail tankers to transport crude, RIA news agency reported on Friday.

Concerns about the quality of Urals crude also caused delays in loadings at the Baltic port of Ust-Luga, when buyers refused to lift cargoes, resulting in a brief shutdown of the port on Wednesday and Thursday. An Ust-Luga official and traders said on Friday loadings had resumed.

Russian loading plans indicate it aims to boost Urals exports in May before the expiry of a deal on output cuts agreed with the Organization of the Petroleum Exporting Countries and its allies, Reuters calculations and Energy Ministry data show.

The provisional loading plan for Russia’s Baltic Sea ports and Novorossiisk in May show exports rising to 10.7 million tonnes, the highest level in half a decade.

Minsk estimated its loss from lower oil product exports due to contaminated Russian oil at around $100 million, Russia’s Interfax news agency reported on Thursday, citing Belarusian state oil company Belneftekhim.

Russian Deputy Prime Minister Dmitry Kozak, in charge of government energy policy, said this week that those found responsible for contaminating the oil could be fined. He did not provide names.

(Reporting by Agnieszka Barteczko in WARSAW, Sandor Peto in BUDAPEST, Jason Hovet in PRAGUE, Matthias Williams and Natalia Zinets in KIEV, Katya Golubkova, Olesya Astakhova, Gleb Gorodyankin, Olga Yagova and Maxim Rodionov in MOSCOW, Andrei Makhovsky in MINSK; writing by Katya Golubkova; editing by Michael Perry and Edmund Blair)

Source: OANN

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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

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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.”

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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

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