Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

After Cyclone Idai, thousands still cut off, many more in need: aid agencies

FILE PHOTO: Survivors of cyclone Idai arrive at Coppa business centre to receive aid in Chipinge
FILE PHOTO: Survivors of cyclone Idai arrive at Coppa business centre to receive aid in Chipinge, Zimbabwe, March 26, 2019. REUTERS/Philimon Bulawayo/File Photo

April 15, 2019

JOHANNESBURG (Reuters) – One month after Cyclone Idai tore through southern Africa bringing devastating floods, aid agencies say the situation remains critical with some communities in worst-hit Mozambique only just being reached with aid.

The storm made landfall in Mozambique on March 14, flattening the port city of Beira before moving inland to batter Malawi and Zimbabwe.

It heaped rain on the region’s highlands that then flowed back into Mozambique, leaving an area the size of Luxembourg under water. More than 1,000 people died across the three countries, and the World Bank has estimated more than $2 billion will be needed for them to recover.

Over the weekend, aid agencies said thousands of people were still completely cut off and warned of the potential for a catastrophic hunger crisis to take hold, especially as aid appeals went largely underfunded.

Dorothy Sang, Oxfam’s humanitarian advocacy manager, said an aid drop was being planned for an isolated area where just last week 2,000 people were found for the first time since the storm. They had been surviving on coconuts, dates and small fish they could catch.

Oxfam estimates there are 4,000 people still cut off. Sang added that while often these weren’t the worst-hit by the disaster, they were already living in chronic poverty and now face huge challenges to survive.

“They risk becoming utterly forgotten,” she said.

On Sunday, Care International said the destruction of crops would compound existing food security problems across the region, and called on donors to find additional funds for the response.

Mozambique’s $337 million humanitarian response plan, largely made up of an appeal for $281 million after the cyclone hit, remained only 23 percent funded on Monday.

The United Nations has also requested $294 million for Zimbabwe, an appeal currently 11 percent funded. The government has separately asked for $613 million to help with the humanitarian crisis.

Meanwhile, U.N. children’s agency Unicef warned at least 1.6 million children need some kind of urgent assistance, from healthcare to education, across all three countries. Save the Children also said many are traumatized after witnessing the death and destruction wrought by the storm.

Machiel Pouw, Save the Children’s response team leader, said children and their families needed long-term help to recover.

“After a disaster of this scale, the world must not look away.”

(Reporting by Emma Rumney; Editing by Hugh Lawson)

Source: OANN

0 0

MLB notebook: O’s Davis ends 0-for-54 streak

MLB: Baltimore Orioles at Boston Red Sox
Apr 13, 2019; Boston, MA, USA; Baltimore Orioles first baseman Chris Davis (19) hits an RBI double against the Boston Red Sox during the fifth inning at Fenway Park. Mandatory Credit: Brian Fluharty-USA TODAY Sports

April 14, 2019

Chris Davis can breathe a sigh of relief. The Baltimore Orioles slugger singled home two runs with the bases loaded in the first inning against the Boston Red Sox on Saturday to end a record streak for a position player of 54 at-bats without a hit.

Davis would later add the go-ahead double in the fifth inning, an RBI forceout in the sixth and a double in the eighth as part of a 9-5 Orioles win. He ended the day 3-for-5 with four RBIs.

Davis’ slump-busting hit, off Red Sox right-hander Rick Porcello, even brought about cheers from the Fenway Park crowd. Many in Baltimore are likely also cheering, as several local restaurants and bars have previously announced deals correlating with the end of the skid.

Upon reaching first base, Davis asked to keep the ball and flashed a grin at his dugout, where several of his teammates had emerged to share in the weight lifted.

–Left-hander CC Sabathia gave the New York Yankees a much-needed boost in his return from the injured list, dominating the Chicago White Sox in a 4-0 win.

Sabathia threw five scoreless innings in the contest, allowing just one hit. He tossed 62 pitches before turning it over to the bullpen as the Yankees scored four runs in their final two innings to snap a four-game losing streak.

Sabathia, 38, hadn’t pitched yet in 2019 as he continued his recovery from offseason knee surgery and angioplasty. He was on the active roster earlier in the season to serve a five-game suspension — a holdover from last season.

–Yankees right-hander Dellin Betances received a cortisone injection for a bone spur behind his pitching shoulder and is expected to be out six to seven weeks.

Team physician Dr. Christopher Ahmad told the 31-year-old reliever that he should not require surgery.

“I’ve had it since 2006, and Dr. Ahmad told me that with this shot, I could pitch the rest of my career and not feel it again,” Betances told MLB.com. “Obviously, that’s a relief, and I can’t wait to get back. I believe everything’s going to be right and will just take this time to get ready and not rush things.”

–The Toronto Blue Jays activated veteran right-hander Clay Buchholz from the 10-day injured list prior to their game against the Tampa Bay Rays.

Buchholz made his season debut as he started against reigning American League Cy Young Award winner Blake Snell of the Rays. He went six innings, allowing one run on six hits in a no-decision, as the Jays won 3-1.

Toronto optioned infielder Richard Urena to Triple-A Buffalo to open up a roster spot.

–The Texas Rangers placed second baseman Rougned Odor on the 10-day injured list, retroactive to April 11, with a right knee sprain.

In a corresponding move, the Rangers called up infielder/outfielder Danny Santana from Triple-A Nashville.

Right-handed pitcher Edinson Volquez also was transferred from the 10-day injured list to the 60-day injured list to open up a 40-man roster spot for Santana.

–Field Level Media

Source: OANN

0 0

Iraq parliament bans online battle games, citing ‘negative’ influence

Illustration photo of PlayerUnknown's Battlegrounds game
FILE PHOTO: The PlayerUnknown's Battlegrounds video game is seen in this illustration photo November 22, 2017. REUTERS/Thomas White/Illustration

April 17, 2019

By Ahmed Aboulenein

BAGHDAD (Reuters) – Iraq’s parliament voted on Wednesday to ban popular online video games including PlayerUnknown’s Battlegrounds and Fortnite, citing their “negative” influence especially on the young in a country long plagued by real-life bloodshed.

Iraq held its first election in 2018 after years of devastating factional violence. Islamic State militants held wide swathes of the country for three years until they were driven out in heavy fighting with U.S.-backed forces in 2017.

Lawmakers, who were sworn in last September after months of disputed results and ballot box recounts, approved a resolution that mandated the government to bar online access to the games and ban related financial transactions.

The ban came “due to the negative effects caused by some electronic games on the health, culture, and security of Iraqi society, including societal and moral threats to children and youth,” the text of the resolution read.

Oil-rich Iraq has suffered for decades under the dictatorial rule of Saddam Hussein and U.N. sanctions, the 2003 U.S. invasion and civil war it unleashed, and the battle against Islamic State, over which Baghdad declared victory in 2017.

Corruption is rampant and basic services like power and water are lacking. Unemployment is widespread, especially among young people.

The new ban quickly drew online discontent with hundreds of Iraqi social media users criticizing lawmakers for what they said were misplaced priorities. Parliament has passed only one piece of legislation since it first convened, the 2019 federal budget law which was issued in January.

PlayerUnknown’s Battlegrounds (PUBG), made by South Korean firm Bluehole Inc, is a survival-themed battle game that drops dozens of online players on an island where they try and eliminate each other.

North Carolina-based Epic Games’ Fortnite, with a similar premise, is seen as an industry game-changer by analysts as it signed up tens of millions of users for its last-player-standing “Battle Royale” format.

Both were launched in 2017 and have a huge global following.

Influential Iraqi Shi’ite cleric Moqtada al-Sadr, whose political coalition won the largest number of seats in parliament, earlier on Thursday urged Iraqi youth to shun PUBG, calling it addictive. Sadr called on the government to ban it.

“What will you gain if you killed one or two people in PUBG? It is not a game for intelligence or a military game that provides you with the correct way to fight,” he wrote in a two-page statement.

(Reporting by Ahmed Aboulenein; Editing by Mark Heinrich)

Source: OANN

0 0

New York AG launches new anti-Trump lawsuit over changes to Michelle Obama-backed school lunch rules

New York state Attorney General Letitia James announced a multi-state lawsuit against the Trump administration Wednesday claiming it illegally weakened federal nutritional standards for school lunches backed by former first lady Michelle Obama.

The lawsuit, which was brought by New York, California, Illinois, Minnesota, New Mexico, Vermont and Washington D.C., was filed in U.S. District Court for the Southern District of New York.

NEXT NEW YORK AG PROMISES TO 'USE EVERY AREA OF THE LAW' TO PROBE TRUMP AND FAMILY

The states argue that the Trump administration’s Department of Agriculture (USDA) rollback of sodium limits and whole-grain requirements for school meals “lacks legally-mandated scientific basis” and “was adopted without public notice and opportunity to comment.”

“Over a million children in New York – especially those in low-income communities and communities of color – depend on the meals served daily by their schools to be healthy, nutritious, and prepare them for learning,” James said in a statement. “The Trump Administration has undermined key health benefits for our children – standards for salt and whole grains in school meals – with deliberate disregard for science, expert opinion, and the law. My office will use every tool at our disposal to fight back against these shameful rollbacks and ensure our children our protected.”

The National School Lunch Program is a federally subsidized program that provides students with healthy balanced meals in schools at low – or no – cost, according to the New York attorney general’s office.

TRUMP FOUNDATION AGREES TO DISSOLVE AFTER LAWSUIT ALLEGED 'ILLEGAL CONDUCT' 

The lawsuit adds to a slew of investigations and legal actions against Trump by James. James, in December, vowed to continue investigations started by disgraced former Attorney General Eric Schneiderman and successor Barbara Underwood into Trump and his organizations, including probing real estate deals and looking into “anyone” in his inner circle who could have violated the law.

Underwood previously brought a lawsuit against the Trump Foundation, alleging illegal conduct and “unlawful political coordination” to benefit Trump’s personal and business interests. That suit, in December, forced the Foundation to dissolve.

“We will use every area of the law to investigate President Trump and his business transactions and that of his family as well,” Letitia James told NBC News in an interview last year. “We want to investigate anyone in his orbit who has, in fact, violated the law."

In addition to investigations into Trump's personal business dealings, James vowed to investigate any government subsidies Trump may have received and whether he has violated the emoluments clause of the U.S. Constitution.

Source: Fox News Politics

0 0

Investigator: West Virginia man raped, killed partner's baby

The lead investigator in the trial of a man accused of killing his girlfriend's 10-month-old baby testified that he has no doubt the man raped and murdered the girl.

The Charleston Gazette-Mail reports Jackson County Sheriff's Chief Deputy Ross Mellinger said Thursday that Benjamin Taylor had blood on his torso and a wet spot on his pants when officers were called to the home in 2016.

The woman testified that she found him shirtless with his pants unbuttoned and leaning over her naked, injured daughter. The infant died days later.

Mellinger testified that Taylor had been looking for pornography online, told officers he has "episodes" when he blacks out, and hadn't noticed the blood on the baby.

___

Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.

Source: Fox News National

0 0

Australian party accused of asking US gun lobby for money

Australia's prime minister has expressed concern over a media report that an influential minor party asked the U.S. gun lobby for donations to help undermine Australian gun laws.

An Al Jazeera documentary showed One Nation party officials Steve Dickson and James Ashby flew to the United States for meetings with the National Rifle Association and other pro-gun interests in September last year weeks before the Australian Parliament banned foreign political donations. It is unclear whether they secured any money.

Prime Minister Scott Morrison said Tuesday his government had made laws to "criminalize taking foreign political donations so foreign lobbyists cannot seek to influence our politics."

The Al Jazeera documentary comes ahead of elections expected in May.

One Nation said in a statement party members "have always complied with the law."

Source: Fox News World

0 0

Biden’s Senate records held by his alma mater won’t be released until late 2019, possibly even later

The public is being denied access to about 2,000 boxes of records from Joe Biden’s Senate career -- information that spans more than three decades.

The University of Delaware, where the Biden archive is stored, says the records might not be available until late 2019, possibly even later.

The news comes as the former vice president is set to announce his candidacy for president on Thursday morning, joining a crowded Democratic primary field where he’s going to immediately stand out. The latest polls already put him on par with Sen. Bernie Sanders, I-Vt., another leading 2020 candidate.

JOE BIDEN WOULD BE 'MOST SANE' DEMOCRAT RUNNING FOR PRESIDENT, LARA TRUMP SAYS

The delay in access to Biden's records -- coinciding with new scrutiny he is facing over behavior toward women -- results from the conditions of his donation to the University of Delaware.

“The Biden senatorial papers are indeed still closed, pending completion of processing (still underway) and as per our agreement with the donor, which is that the papers would remain closed until the later date of 12/31/2019 or two years after the donor retires [from] public service,” L. Rebecca Johnson Melvin, head of the university library's archives department, told HuffPost.

“The Biden senatorial papers are indeed still closed, pending completion of processing (still underway) and as per our agreement with the donor, which is that the papers would remain closed until the later date of 12/31/2019 or two years after the donor retires [from] public service.”

— L. Rebecca Johnson Melvin, University of Delaware library official

GOP STRATEGIST COLIN REED ON BIDEN'S EXPECTED 2020 ANNOUNCEMENT: 'THE GLOVES WILL COME OFF RIGHT AWAY'

She added that it remains to be seen whether the records will be released even after the December 2019 deadline.

Biden voluntarily donated the records to his former school back in 2011, initially setting out the following condition for their release to the public: “no sooner than two years after [Biden] retires from any public office.”

But an updated agreement with the university was somewhat amended after he left office in 2017, reflecting Biden’s growing political ambitions. The records will now be sealed until at least the end of the year or even further, as the university library official confirmed.

CLICK HERE TO GET THE FOX NEWS APP

The library is reportedly holding about 1,850 boxes of archival records and “extensive electronic records” from Biden’s time in the Senate.

Source: Fox News Politics

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

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

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

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

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

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

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

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