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Warren’s $1.25T education plan ‘sweeping’ giveaway to the wealthy at expense of the poor, WaPo editorial board says

Democrat Elizabeth Warren’s $1.25 trillion plan to cancel existing student loan debt and make college free has been slammed as a “sweeping bailout for the middle class” and a regressive giveaway to the wealthy at the expense of the poor.

“Her latest big idea — to eliminate vast quantities of student debt and make public universities tuition-free — is not a sound idea,” wrote the Washington Post’ editorial board on Tuesday.

“Her latest big idea — to eliminate vast quantities of student debt and make public universities tuition-free — is not a sound idea.”

— The Washington Post

WARREN'S MASSIVE $640 BILLION STUDENT LOAN CANCELLATION QUESTIONED OVER FAIRNESS TO STUDENTS WHO PAID OFF THEIR DEBTS

Warren unveiled the far-reaching plan on Monday, pledging to cancel almost all student loan debt for 42 million Americans and introducing tuition-free college, with a total price tag of about $1.25 trillion over 10 years, including a one-off cost of $640 billion to cancel the debts.

Under the proposal, each person’s student debt would get a relief of $50,000 if household income is up to $100,000. Higher incomes would also be entitled to massive debt reductions, while only those households with earnings of over $250,000 would get no student debt reduction.

But as the editorial notes, spending over $640 billion to provide relief to graduates, who are defaulting on their student debts at a lower rate than before, comes at the expense of people who didn’t go to college at all and other priorities that would benefit the country better.

“What might be unfair is debt relief to the exclusion of other priorities with wider benefits, including to people who did not go to college at all,” the board wrote. “Ms. Warren proposes a wealth tax to cover the cost, the proceeds of which would then not be available for alternative, possibly more progressive uses.”

“What might be unfair is debt relief to the exclusion of other priorities with wider benefits, including to people who did not go to college at all.”

— The Washington Post

WARREN WON'T HOLD UNIVERSITIES 'ACCOUNTABLE' OVER ISSUE FUELING STUDENT DEBT PROBLEM: COLLEGE PROFESSOR

The tuition-free college, meanwhile, was lambasted by the newspaper as solely for the benefit of “the upper reaches” of income in the country as the children of rich parents will now be able to finish university debt-free even though their parents “are perfectly capable of helping defray the cost” of a for-profit school.

The board went on to praise Sen. Amy Klobuchar, another 2020 contender who’s viewed as a more moderate candidate, for saying during an event in New Hampshire that she can’t match Warren’s plan because it’s unrealistic.

“For us, though, policy priority is the essential concern. Student-loan defaults are concentrated among students who attended for-profit institutions, or who accumulated low loan balances but then dropped out and were stuck paying the money back out of lower-than-anticipated earnings,” the board wrote.

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“Such issues are hardest for students and families of color, as Ms. Warren correctly emphasized. This calls for a targeted approach that relieves the worst financial stress of those least able to handle it, not a sweeping bailout for the middle class and above.”

Source: Fox News Politics

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Swisscom cannot be forced to block illegal film websites: court

FILE PHOTO: Logo of Switzerland's Swisscom telecommunications is seen in Zurich
FILE PHOTO: The logo of Switzerland's Swisscom telecommunications is seen at an office building in Zurich, Switzerland November 22, 2016. REUTERS/Arnd Wiegmann/File Photo

February 27, 2019

ZURICH (Reuters) – Swiss telecom company Swisscom cannot be forced to block access to foreign internet sites that illegally make films available, the highest Swiss court said on Wednesday, ending a three-year-old copyright case brought by a local film company.

The Swiss Supreme Court dismissed the complaint of the company, Zurich-based Praesens-Film, that owns the Swiss rights for numerous films and had demanded Swisscom deploy technology to block downloads or streaming access.

The decision, which confirms a lower-court ruling, concluded that in order for Swisscom to be forced to block the sites in question, it would have to be a participant in the copyright infringement.

“The activities of Swisscom are limited to offering access to the world-wide internet. The films aren’t offered by Swisscom, rather via third parties based in unknown locations in foreign countries,” the court wrote. “These parties are neither customers of Swisscom, nor do they have any other relationship to the telecom company.”

Swiss legal observers had judged the case important, since it provides other internet providers, of which Swisscom is the nation’s largest, with guidance on their legal obligations in instances where websites offer films in violation of copyrights.

(Reporting by John Miller, editing by John Revill)

Source: OANN

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Rain stops play: UK parliament forced to close after water leak

FILE PHOTO: A general view of The Houses of Parliament in London
FILE PHOTO: A general view of The Houses of Parliament in London November 9, 2006. REUTERS/Kieran Doherty/File Photo

April 4, 2019

LONDON (Reuters) – Britain’s parliament was forced to close early on Thursday after a leak in the 19th century Gothic palace caused water to rain down into the debating chamber.

Lawmakers were debating tax policy when water began cascading into the press area overlooking lawmakers’ seats, forcing Deputy Speaker Lindsay Hoyle to suspend the session.

Speaking over the noise of pouring water, Member of Parliament Justin Madders, said: “I hope I can complete my speech before rain stops play. I think there is probably some kind of symbol, about how many people view how broken parliament is, going on there.”

Thursday’s sitting in the lower chamber, the House of Commons, was then ended more than two hours early. The upper chamber, the House of Lords, continued to debate Brexit in a separate part of the building.

The Palace of Westminster – parts of which date back to 1097 – has been slipping into disrepair for decades, requiring frequent repairs and upgrades. Much of the crumbling limestone exterior is clad in scaffolding.

Plans are being made for a multi-billion pound restoration program which could require parliament to be temporarily relocated to a separate building, but the process has been delayed, with many lawmakers opposed to giving up their traditional setting.

(Reporting by William James and Kylie MacLellan; editing by Stephen Addison)

Source: OANN

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Taco Bell employee’s inspirational messages praised by customers

This is nacho typical fast food story.

Kelly Stewart, a 27-year-old Taco Bell employee in upstate New York, decided to use her platform to spread encouraging messages to her customers -- and they appreciate it.

Stewart, who has been working at the Tex-Mex chain since last fall, began writing inspirational quotes and putting them in customers' orders in an effort to help make a positive impact on their day.

A&W RESTAURANT CUSTOMERS CONTINUE TO LINE UP AS ‘WHOLE ROOF WAS ON FIRE’

“I enjoy people,” she told Syracuse.com. “I like helping them make each day better. And it’s important for me to set a good example for my six-year-old son. Sometimes life can be tough, and I like looking up quotes and writing them out for people.”

The notes have not gone unnoticed.

Heather O’Donnell, one of Stewart’s customers, told Syracuse.com that seeing the message in her order restored her faith in others.

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“I got this message that said ‘when you reach the end of your rope tie a knot around it and hang on— Franklin D. Roosevelt,”’ O’Donnell told the publication. “It made me stop in my tracks and smile. Knowing someone took time out of their work or life to write this is another example that there are still good people out there.”

Stewart said she started writing the notes last month and is beginning to get noticed by Taco Bell customers, who she said thank her for the words.

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Those on social media have also given Stewart shout-outs, and have asked corporate to acknowledge her kindness.

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North Carolina loses pants, $10G after meeting woman for sex: cops

Two people were arrested after a North Carolina man allegedly had $10,000 and his pants stolen from him as he was getting ready to have sex with a woman he had just met while his girlfriend waited downstairs, police said.

Bryce Mason, 23, and his girlfriend, Gracelynn Bradeberry, were arrested in connection with the January incident, The State reported Saturday. Randleman police were still searching for Brandon Cooke.

6 ILLEGAL IMMIGRANTS LINKED TO MEXICAN CARTEL ARRESTED IN NC FOR DRUG TRAFFICKING OPERATION, OFFICIALS SAY

Christopher Hancock told police he had the money stolen from him as he was getting ready to have sex with a woman, according to The Courier-Tribune. Hancock reportedly told authorities he had an open relationship with his girlfriend.

Hancock and the new woman went into a bedroom and got naked when two men allegedly attacked him and choked him until he blacked out, WFMY-TV reported. When he regained consciousness, he called authorities and told them $10,000 and his pants were gone.

The alleged incident occurred on Jan. 23 and since then only Mason and Bradeberry have been arrested.

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Mason was charged with assault by strangulation, possession of stolen property and common law robbery. He was held on $150,000 bond. Bradeberry was charged with giving police false information about Mason’s identity, according to The Courier-Tribune.

Source: Fox News National

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Columbine survivor on moments of shooting: ‘I completely disassociated’

On the 20th anniversary of the Columbine High School massacre, one of the survivors, Austin Eubanks, described to Fox News how he handled the tragedy which left him wounded and his best friend dead.

"I completely disassociated," Eubanks told Fox News host Neil Cavuto on Saturday. "I've always been able to recall everything that happened that day but it was almost as if I was watching it on television. I wasn't present in my own body."

When the shooting happened, Eubanks said, he was on his way to lunch and talking with friends. "That was when the shooting started. Moments later, a teacher ran through those doors yelling for everybody to get under the tables."

Eubanks was shot twice and afterwards, took medication that led to addiction during his twenties.

COLUMBINE SHOOTING 20TH ANNIVERSARY: SURVIVORS REFLECT ON HOW MASSACRE CHANGED THEIR LIVES

"I was prescribed medications for my physical injuries and immediately, I became drawn to those medications because of how they improved the underlying symptoms of emotional pain," he said during his appearance on "Cavuto Live."

He went on to help others resolve emotional pain they felt from undergoing traumas like his. As Cavuto noted, Columbine was just the beginning of a series of mass shootings that would affect American schools over the next two decades.

WOMAN 'INFATUATED' WITH COLUMBINE, CONNECTED TO COLORADO SCHOOL THREATS FOUND DEAD, SHERIFF SAYS

"I tell people who are struggling, the most crucial piece of recovery is staying connected to other human beings for support because we are so prone to detachment and there is countless adversity that comes with that," he added.

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Eubanks' comments came just after an 18-year-old woman, who was "infatuated" with the shooting, threatened violence in the Denver area. By Wednesday, the woman, Sol Pais, had committed suicide and the FBI reported that there was "no longer a threat to the community."

When Cavuto asked Eubanks about Pais, Eubanks described Columbine as an event that captured public attention like the Oklahoma City bombing and 9/11. "Everybody has an emotional attachment to Columbine and I think unfortunately, for those who are mentally deranged or unstable, it's created this fascination."

Source: Fox News National

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Brexit compromise may rest on odd couple Corbyn and May

She is the strait-laced daughter of an Anglican priest who has championed conservative values all her life; he has for decades campaigned on issues dear to left-wingers all round the world.

Prime Minister Theresa May and Labour Party chief Jeremy Corbyn are poles apart, and there have been precious few signs of the two sharing any warmth for one another — but political reality has bound them together as Britain struggles to escape its Brexit agony.

May has infuriated more than 100 of her Conservative Party legislators by turning to Corbyn and the Labour Party for key votes in Parliament, just days before the country is due to leave the European Union.

Her pivot has led many to believe that she is ready to back a much softer version of Brexit — one that would keep Britain closely aligned economically with the EU. Their talks are ongoing, but given their history few think they will be able to find common ground.

May and Corbyn are ideological opponents representing different ends of the political spectrum.

However, they have similar problems: Both party leaders are perilously out of sync with many of their party's legislators.

May is viewed with suspicion by many of her lawmakers in part because she campaigned to remain in the EU during the 2016 referendum and is now reaching out to Corbyn for help getting her Brexit plan passed. Many argued this week that she should just take Britain out of the EU, even without a deal.

For Corbyn, the problem is similar: Many Labour legislators are still determined to keep Britain inside the EU via a second referendum, and they view Corbyn's pursuit of a so-called "soft Brexit" as a betrayal of that cherished goal. And they are angered by his acceptance that Brexit will mean an end to freedom of movement for Britons and EU citizens alike.

But that may be all they have in common.

May served a long apprenticeship in a variety of posts before becoming Conservative Party chairwoman in 2002. She moved into a senior Cabinet position as Home Secretary when the party took power in 2010.

She rose to prime minister not through an election but by outsmarting a number of rivals to emerge as party leader after David Cameron's resignation in 2016 — and she performed badly in an ill-timed general election that cost her party its majority in Parliament.

Corbyn's path to his party's top job was not as traditional. Elected to Parliament in 1983, he didn't take a job in government during the 13 years when Tony Blair and Gordon Brown were prime ministers. He was a serial opponent of many of their policies, notably the 2003 Iraq War.

He seemed destined to remain outside the mainstream, until Labour Party members surged his way in the 2015 leadership contest. He built on this startling triumph by doing unexpectedly well in the 2017 general election. He has taken the party far to the left of where it was in the Blair/Brown governments.

Some of his positions have infuriated the British establishment. He has, for example, ruled out the use of nuclear weapons under any circumstances if he becomes prime minister — a policy that defense chiefs believe ruins the effectiveness of Britain's costly nuclear deterrent.

At times he has also seemed weak on etiquette. Some commentators complained he looked scruffy in a casual hooded raincoat on Remembrance Sunday in November, one of the most solemn events on the British calendar.

May, in contrast, wore an elegant black overcoat and a matching hat, looking every inch the leader as she placed a wreath on the Cenotaph monument to honor Britain's war dead.

Both at times seem wearied by the political combat. May has acknowledged her weakened position by promising to step down once Brexit is delivered — which will open the way for a fierce Conservative Party succession battle. Some allies have suggested that Corbyn, too, is thinking about retirement after 36 years in Parliament.

Source: Fox News World

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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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