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Dershowitz Says Trump Emergency Goes Against Constitution

Dershowitz Says Trump Emergency Goes Against Constitution

Attorney Alan Dershowitz thinks President Donald Trump's national emergency declaration was a "mistake," he admitted in a new interview.

"There will be a lawsuit. No doubt about it. It will be tied up in the courts for a long time," Dershowitz said on Sunday's "The Cats Roundtable" radio radio show, hosted by billionaire businessman John Catsimatidis.

"My own view is that it was a mistake to do it. I think emergencies are things that happened suddenly. The problems with immigration are long-term."

Trump declared the emergency on Friday in order to secure more funding to build a border barrier between the United States and Mexico. Lawmakers struck a deal to stave off a government shutdown by allocating $1.375 billion for the barrier, far less than the $5.7 billion Trump requested.

Trump's emergency order resulted in roughly $6 billion from the Pentagon's budget and $600 million from the Treasury Department being shifted over to use for the border barrier, Bloomberg reported. Dershowitz said the executive order flies in the face of the Constitution.

"The Constitution requires that all spending bills originate in the House of Representatives. This is a way of circumventing that provision of the Constitution," he said.

Source: NewsMax Politics

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NFL expands replay to include pass interference

FILE PHOTO: New Orleans Saints head coach Sean Payton looks on as his team takes on the Atlanta Falcons during their NFL football game in New Orleans, Louisiana
FILE PHOTO: New Orleans Saints head coach Sean Payton looks on as his team takes on the Atlanta Falcons during their NFL football game in New Orleans, Louisiana September 8, 2013. REUTERS/Sean Gardner

March 27, 2019

NFL owners voted 31-1 to make offensive and defensive pass interference calls and non-calls reviewable in 2019, the NFL announced Tuesday from the annual league meetings in Phoenix.

According to multiple reports, the Cincinnati Bengals were the only team to vote against the rule.

The new rule, which will be revisited next offseason to determine if it becomes permanent, will allow coaches to challenge any call or non-call of pass interference before the final two minutes of each half, and any such plays to be reviewable by the booth inside of two minutes. Coaches will still be allowed only two challenges per game, or three if the first two are successful.

After getting little support from the owners in meetings Monday, the rule change was pushed over the edge by overwhelming support from coaches, multiple outlets reported. Meetings regarding the rule ran long Monday as coaches made their case for implementing the change, and they continued Tuesday.

New Orleans Saints head coach Sean Payton led the effort, after his team missed out on a likely appearance in Super Bowl LIII when referees failed to make an obvious pass interference call late in the NFC Championship Game against the Los Angeles Rams.

“I think we got it right,” Payton told reporters afterward. “It felt like we had to go around the block twice, and then arrived at the right address.”

Saints owner Gayle Benson, who issued a strong statement after the team’s championship game loss in reference to the officiating, added, “This is what I wanted to happen. That’s why I made my statement. [The missed call] will never happen again.”

“People compromised on long-held views because people wanted to get it right,” commissioner Roger Goodell said in his press conference, held shortly after the new rule was approved.

ESPN’s Adam Schefter reports the new rule would have had a major impact had it been in place earlier, not only the NFC Championship Game but also for Super Bowl LIII.

According to Schefter, the competition committee admitted the new rule would have given the Rams the ball at the 1-yard line with 4:24 remaining as they trailed 10-3 in the Super Bowl, after cornerback Stephon Gilmore subtly hooked wideout Brandin Cooks’ arm on an incompletion in the end zone. No call was made on that play — Cooks still nearly caught the pass, but couldn’t hang on — and Jared Goff was intercepted by Gilmore on the next snap, all but clinching the game for New England.

Meanwhile, the possibility of a “sky judge” — an eighth official looking at camera feeds live to help make obvious decisions without reviews — is not yet dead, according to Steelers owner Art Rooney II. However, there remain a number of logistics to work out on the subject, and it will be revisited later this offseason.

Among other decisions made on rule changes:

–The Kansas City Chiefs’ proposal that would guarantee both teams possession in overtime, regardless of whether the first team to possess the ball scores a touchdown, was tabled until May. The Chiefs lost the AFC Championship Game without possessing the ball in overtime after the Patriots scored a touchdown on the first possession.

–The Denver Broncos’ proposal to allow teams to attempt a fourth-and-15 conversion from their own 35-yard line in lieu of attempting an onside kick — used a maximum of once per game — was rejected, despite seven of eight competition committee members voting in favor of it.

–The definition of plays subject to automatic reviews was expanded. Previously including only plays involving a score or turnover, the category now also includes any score or turnover nullified by penalty or any extra-point or 2-point conversion attempt.

–Changes made to the kickoff in 2018 on a one-year trial were made permanent moving forward.

–All blind-side blocks were made illegal, with the intention of improving player safety after research showed such blocks led to a third of concussions sustained on punts. Previously, players were only allowed to deliver blind-side blocks that avoided the head or neck area.

–After unsportsmanlike conduct penalties occur during a touchdown play, teams are now allowed to choose whether to enforce the penalty on the extra-point try or on the kickoff.

–Field Level Media

Source: OANN

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Tug-of-war with a lion: UK zoo's bizarre big cat challenge sparks backlash

A zoo in the United Kingdom is coming under fire for offering its visitors a chance to play a challenging game of tug-of-war with its lions and tigers for a small fee.

For about $20 (£15), zoogoers — eight and older — at Dartmoor Zoo can join a team of four at a long rope to rival a big cat, according to The Guardian. A juicy piece of raw meat attached to the end of the rope coaxes the lion or tiger into biting the end and giving it a good tug.

The challengers are pulling from the other side of the enclosure and do not come into close contact with the wild animals. The zoo says the activity is beneficial to the big cats, allowing them to get the vital exercise they need.

HUGE SNAKE MAULED BY ALLIGATOR IN FLORIDA, SHOCKING VIDEO SHOWS

“In the cooler weather, Dartmoor zoo’s keepers occasionally do rope-pulling with their big cats for enrichment purposes. This type of activity, which is common at many zoos, is very important to keep the animals fit and healthy as it encourages exercise, which builds muscle mass," Dartmoor Zoo said in a statement to The Guardian, adding that it's allowing a small group of guests to join staff members in the tug-of-war-like game for the first time.

A zoo in the U.K. is under fire for allowing visitors to play tug-of-war with its big cats.

A zoo in the U.K. is under fire for allowing visitors to play tug-of-war with its big cats. (Jay/Twitter @jayalex87)

Over the past week, videos of the supposed exercise have been circulating online, garnering thousands of views — and a lot of opinions.

One participant expressed his delight after playing tug-of-war, saying it was an "absolutely amazing experience" with his wife. He later joked about losing. A video he posted of the match was viewed more than 1,000 times.

"Brilliant That zoo is only a 30 min drive to me. I’ve not been for a few years I’m definitely going to play tug o war with a tiger. #DartmoorZoo," one Twitter user replied.

HUGE SNAKE MAULED BY ALLIGATOR IN FLORIDA, SHOCKING VIDEO SHOWS

"There is nothing wrong with this. I play the same game with my cats, they love the play hunting mice," another man added.

"The lion had fun too I bet. Dogs and cats love to play tug of war," a third chimed in.

But the Royal Society for the Prevention of Cruelty to Animals (RSPCA) disagrees, telling the BBC the game "doesn't promote respect" for the animals but is rather a "money-making gimmick."

An online petition demanding the zoo stops the practice has already received more than 2,000 signatures, the news organization reports. The creator of the petition, Sue Dally, compared the Dartmoor Zoo to a circus.

An online petition demanding the zoo stops the practice has already received more than 2,000 signatures.

An online petition demanding the zoo stops the practice has already received more than 2,000 signatures. (Jay/Twitter @jayalex87)

“The zoo claims it’s to give the animals intellectual exercise and fun, but it comes across as putting profits before the animal’s welfare. There are plenty of ways that experienced professionals can care for the rare animals, without turning them into a novelty plaything for tourists," Dally said, according to The Guardian.

Several social media users echoed Dally's point of view.

"Uh lets not treat them like pet dogs- I don't think the tigers would be bothered but if something went freakishly wrong it'll be the animal that suffers eg be shot. Fantastic," one Twitter user wrote.

"I think that it's wrong, and the Zoo should stop it now," another added, tagging the zoo.

"Imagine your source of fun would be playing tug of war with a beautiful but captive tiger/lion," a user pointed out.

But the zoo’s owner, Benjamin Mee, argued the activity isn't cruel at all.

"People are making a fuss about nothing," Benjamin told PlymouthLive this week. "I think this is 100 percent the right thing to be doing; the lion loves it.

Source: Fox News World

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Spanish far-right Vox enlists ex-generals to run for parliament

FILE PHOTO: General view of the Valle de los Caidos (Valley of the Fallen), the mausoleum holding the remains of former Spanish dictator Francisco Franco, on the 43rd anniversary of his death in San Lorenzo de El Escorial
FILE PHOTO: General view of the Valle de los Caidos (Valley of the Fallen), the mausoleum holding the remains of former Spanish dictator Francisco Franco, on the 43rd anniversary of his death in San Lorenzo de El Escorial, outside Madrid, Spain, November 20, 2018. REUTERS/Sergio Perez/File Photo

March 18, 2019

MADRID (Reuters) – Spanish far-right party Vox has signed up three former generals to run for parliament in next month’s general election, two of whom expressed support for the legacy of former right-wing dictator Francisco Franco by signing a petition last year.

The inclusion of openly pro-Franco candidates with senior military backgrounds underscores the ground that Vox has broken in a country that had largely shied away from far-right, militaristic politics since General Franco’s rule ended with his death in 1975.

Former generals Agustin Rosety and Alberto Asarta will run as parliamentary candidates for the provinces of Cadiz and Castellon, Vox said. Another former general, Manuel Mestre, is running in Alicante, according to the party. Vox had already enlisted another general to run for mayor in Palma de Mallorca.

Rosety and Asarta signed a manifesto last year in support of Franco’s legacy, including the military uprising that ignited the 1936-1939 Spanish civil war and resulted in his rule until 1975.

Asarta signed the manifesto last year, according to a copy of it, while Rosety has signed it subsequently, said local media.

The manifesto, which was has been signed by about 600 former members of the armed forces, was issued as a response to the Socialist government’s plans to remove Franco’s remains from a state mausoleum outside Madrid, according to the promoters. The mausoleum has long been seen by critics as a monument to fascism.

Latest opinion polls show support for Vox, which opposes gender equality laws and immigration and has a strong stance against independence for Spain’s regions, as high as 12.1 percent. That could translate into 38 seats in the national parliament at the April 28 election.

Vox grabbed attention last year when it became the first far-right party in Spain in more than four decades to score an electoral victory, winning seats in a local election in Andalusia.

The Franco mausoleum at the Valley of the Fallen has long been a source of controversy. The Socialist government said last Friday the dictator’s body will be removed on June 10 and reburied in the family tomb at a state cemetery outside Madrid.

(Reporting by Belen Carreno; Writing by Jose Elias Rodriguez; Editing by Axel Bugge and Frances Kerry)

Source: OANN

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Kazakh capital changes name to honor longtime leader

Kazakhstan has renamed its capital to Nur-Sultan, in honor of the country's longtime leader who resigned this week.

The order to change the city's name from Astana was issued Saturday by interim President Kassym-Jomart Tokayev, who took power after Nursultan Nazarbayev resigned on Tuesday.

Nazarbayev led Kazakhstan for nearly 30 years, first as Communist boss in the last years of the Soviet Union then as president of the independent country.

In 1997, Nazarbayev moved the capital from Almaty, turning a provincial town noted for severe winters into a showcase of modernist architecture, including an observation tower where visitors are invited to touch a handprint of the leader.

Small protests took place in Almaty and other cities after the name change was proposed.

Source: Fox News World

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The Latest: San Francisco commission Oks homeless shelter

The Latest on a proposed homeless shelter in San Francisco's Embarcadero (all times local):

10 p.m.

San Francisco port commissioners have approved a proposal to put a temporary homeless shelter along the Embarcadero.

Tuesday night's unanimous vote authorizes the port to lease a parking lot to the city for two years to house a 200-bed shelter. The new center would be part of Mayor London Breed's pledge to open 1,000 new shelter beds by 2020.

San Francisco is dealing with a housing shortage even as rental and housing costs soar with an influx of wealthy tech workers.

The waterfront area is a big draw for tourists and is densely populated, with high-priced condos as well as apartments housing thousands of families.

Opponents have heatedly argued that a shelter would be a health and crime hazard. Supporters call the critics heartless.

A neighborhood opposition group calls the vote illegal and says it's considering legal action.

___

3:31 p.m.

San Francisco port commissioners are deciding whether to approve a new homeless shelter along the city's touristy and residential Embarcadero.

Angry waterfront residents have packed meetings opposing the shelter that could house up to 200 people. They even shouted down Mayor London Breed, who proposed the shelter, and have vowed to sue if it's approved.

Supporters say the homeless need a safe place to sleep and that the city is in crisis.

The Port of San Francisco owns the land for the proposed shelter site. Staff are recommending commissioners approve an initial two-year lease with the city's homelessness department in a vote Tuesday.

The idyllic site has sparked an intense debate among residents, with both sides raising hundreds of thousands of dollars online in campaigns for and against the shelter.

Source: Fox News National

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UK PM May’s Brexit deal has reached the end of the road: Boris Johnson

Former British Foreign Secretary Boris Johnson speaks in Parliament in London
Former British Foreign Secretary Boris Johnson speaks in Parliament in London, Britain, March 12, 2019, in this screen grab taken from video. Reuters TV via REUTERS

March 12, 2019

LONDON (Reuters) – Prime Minister Theresa May’s Brexit deal has reached the end of the road and Britain should leave the bloc without an agreement, former British foreign secretary and leading Brexit campaigner Boris Johnson said on Tuesday.

May faced an uphill struggle to win support for her Brexit deal ahead of a vote on Tuesday, as she failed to win over the main Brexit faction in her Conservatives and the Northern Irish party which props up her government said they would vote against it.

“This deal has now reached the end of the road. If it is rejected tonight I hope that it will be put to bed,” Johnson told parliament.

Johnson said if the EU was unwilling to accept further changes, Britain should leave without a deal as while this would be more difficult in the short term, in the end it would be “the only safe route out of the abyss and the only safe path to self respect”.

(Reporting by Kylie MacLellan and Andrew MacAskill; editing by William James)

Source: OANN

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

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

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

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

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

School authorities instituted a similar measure in 2016.

Source: Fox News World

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

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Patricia Weiss and Ludwig Burger

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

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

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

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

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

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

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

Bayer is appealing or plans to appeal the verdicts.

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

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

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

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

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

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

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

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

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

Source: OANN

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