Hong Kong-listed shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's imposition of a national security law on the city, even as a pro-democracy and newly formed financial workers' union criticized the move. HSBC shares <0005.HK> were up 1.6% at noon, after having risen as much as 2.8% earlier, and StanChart <2888.HK> jumped 2.3%. In a break from their usual policy of political neutrality, both banks on Wednesday backed the national security law that has drawn global condemnation and revived anti-government demonstrations in the former British colony.
(Bloomberg) -- Bayer AG is blocked from selling its controversial dicamba-based herbicide in the U.S. because an appeals court rejected a federal regulator’s permit for the product.The three-judge panel concluded the Environmental Protection Agency had “failed entirely” to acknowledge some risks dicamba poses and that the agency violated federal regulations when it extended its approval of registration for the herbicide for another two years in October 2018.The ruling means farmers who bought seeds to be used with dicamba for this year’s growing season may not be able to plant them and will be forced to absorb the cost. Pesticides can’t be sold or distributed in the U.S. without EPA registration.“We strongly disagree with the ruling and are assessing our options,” Bayer spokesman Chris Loder said in an email. “If the ruling stands, we will work quickly to minimize any impact on our customers this season. Our top priority is making sure our customers have the support they need to have a successful season.”George Kimbrell, of the Center for Food Safety and a lawyer in the case, called the ruling “a massive win for the farmers and the environment.”“It is good to be reminded that corporations like Monsanto and the Trump Administration cannot escape the rule of law, particularly at a time of crisis like this,” Kimbrell said in an email. “Their day of reckoning has arrived.”A less volatile formulation of dicamba was originally manufactured by Monsanto Co., which Bayer acquired in 2018 along with its litigation. Monsanto developed dicamba after its blockbuster weedkilling product, glyphosate-based Roundup, began losing its effectiveness, and farmers had to increasingly deal with resistant “super weeds”.Dicamba is a central ingredient in Bayer’s XtendiMax, and can vaporize after being applied to crops and drift onto neighboring fields that aren’t resistant to the herbicide. It’s widely blamed for damaging 3.6 million acres of untreated soybeans in 2017, and more than 1 million acres in 2018.Jury AwardIn the first lawsuit over dicamba crop damage to go to trial, a jury in February hit Bayer and BASF SE with a $265 million damage award to a Missouri farmer who blamed the companies for destroying his peach orchards. Bayer is challenging the verdict.The EPA “substantially understated risks that it acknowledged” concerning dicamba’s use, the appeals court said. In addition to Monsanto products, the ruling applies to other dicamba-based herbicides produced by BASF and Corteva Agriscience.“EPA is currently reviewing the court decision and will move promptly to address the court’s directive,” a spokesperson for the agency said. “We are reviewing the opinion, its impact on our FeXapan registration, and our next steps,” Gregg Schmidt, a spokesman for Corteva, said in an email.In its ruling, the appeals court acknowledged the “practical effects” of the decision, including the cost to farmers who have already purchased soybean and cotton seeds genetically modified to withstand dicamba and planted for the purpose of using the herbicide.The court said in addition to the environmental risks, the EPA’s registration decision on dicamba failed to recognize the “enormous social cost to farming communities” where the herbicide’s use “has turned farmer against farmer, and neighbor against neighbor.” A farmer in Arkansas was shot and killed in an argument over dicamba damage in 2016, according to the ruling.The ruling applies to the 2018 dicamba registration, which expires in December, Loder said, adding that Bayer is working on a new EPA registration for the 2021 growing season and beyond.The case is National Family Farm Coalition v. U.S. Environmental Protection Agency, 19-70115, U.S. Court of Appeals for the Ninth Circuit (San Francisco).(Updates with Corteva comment in 12th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Questions families to consider amid the coronavirus pandemic cover students’ financial, physical and mental health.
Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Sabesp" or "Company"), in compliance with the provisions of Article 157, Paragraph 4, of Law 6,404/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission ("CVM"), dated January 3, 2002, as amended, hereby informs to its shareholders and the market in general that, in continuity to the Material Facts dated March 19 and April 9, 2020, which refers on the exemption of water/sewage bills for consumers in the "Residencial Social" and "Residencial Favela (Shantytown)" categories, and on the Company's tariff adjustment and its postponement, the São Paulo State Sanitation and Energy Regulatory Agency (ARSESP) published Resolution nº 1.005 that:
Is this Star Wars or just everyday politics? This is the central and entirely correct contention of Philip Seargeant’s The Art of Political Storytelling, an examination of how politicians win hearts by weaving narratives around themselves. In the current climate, where Orwellian phrases such as post-truth, alternative facts and fake news litter descriptions of political discourse, the book is pitched as a study of new techniques.
ZoomInfo Technologies Inc. ("ZoomInfo") announced today the pricing of its initial public offering of 44,500,000 shares of its Class A common stock at a price to the public of $21.00 per share. ZoomInfo has granted the underwriters a 30-day option to purchase up to an additional 6,675,000 shares of Class A common stock. The shares are expected to begin trading on the Nasdaq Global Select Market on June 4, 2020 under the symbol "ZI." The offering is expected to close on June 8, 2020, subject to customary closing conditions.
JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the United States International Trade Commission ("ITC") issued a favorable final determination concluding JinkoSolar's products do not infringe a patent asserted by Hanwha Q CELLS.
Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected.
New York, June 04, 2020 -- Reportlinker.com announces the release of the report "Global Pico Projector Market - Premium Insight, Competitive News Feed Analysis, Company.
New York, June 04, 2020 -- Reportlinker.com announces the release of the report "Global Heat Pipes Market 2020-2024" - https://www.reportlinker.com/p05082065/?utm_source=GNW.
NMI Holdings, Inc. (NMIH) (the “Company”) today announced the pricing of an underwritten registered public offering of 13,800,000 shares of Class A common stock, par value $0.01 per share, at a public offering price of $14.50 per share (the “offering”). The offering was increased from the previously announced offering size of 10,000,000 shares of Class A common stock. In connection with the offering, the underwriters have a 30-day option to purchase up to 2,070,000 additional shares of Class A common stock at the public offering price, less underwriting discounts and commissions, from the Company.
U.S. stock-index futures tick lower early Thursday after a series of gains pushed the Nasdaq Composite to less than 2% of its all-time high, as a gradual restart to the U.S. and world economies from coronavirus-induced closures helps support bullish sentiment.
The number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19. Economists said the stubbornly high number of unemployment claims comes from a second wave of layoffs as businesses navigate weak demand, as well as some lingering backlogs at state unemployment offices overwhelmed by the flood of applications early in the shutdown. "Many of the new claims reflect current layoffs, as the corporate sector more broadly begins to adjust to the altered outlook for the year ahead," said Lou Crandall, chief economist of Wrightson ICAP LLC in Jersey City, New Jersey.
North Korea threatened on Thursday to end an inter-Korean military agreement reached in 2018 to reduce tensions if the South fails to prevent activists from flying anti-Pyongyang leaflets over the border.
Montreal, Quebec--(Newsfile Corp. - June 4, 2020) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese X" or the "Company") Montreal, Quebec, Canada announces that Disruptive Battery Corp ("DBC"), a wholly owned subsidiary of Manganese X, is pleased to report upgrades to its patented "Disinfection Apparatus" system, which is designed to circulate air disinfection agents ("ADA's") via a building's HVAC distribution system.The Smart Sensor Actuator ("SSA") upgrade ...
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2020 Annual General Meeting, which was held yesterday as the Company's first ever virtual AGM event.
Moody's Investors Service has assigned a Baa1 senior unsecured rating to the proposed USD notes to be issued by PTTEP Treasury Center Company Limited (PTTEP TC), a wholly-owned subsidiary of PTT Exploration & Production Public Co. Ltd. (PTTEP, Baa1 stable). The guarantee will rank pari passu to the unsecured and unsubordinated obligations of PTTEP.
Moody's Investors Service has assigned a Ba3 senior unsecured rating to the proposed notes to be issued by Seazen Group Limited (Ba2 stable). "The proposed notes will improve Seazen Group's liquidity but not have a material impact on its credit metrics, because the proceeds will be mainly used for refinancing," says Kaven Tsang, a Moody's Senior Vice President. Moody's projects that Seazen Group's revenue/adjusted debt and EBIT/interest coverage will moderate to 70%-75% and around 3.0x-3.5x in the next 12-18 months from 81% and 4.1x, respectively, in 2019.
A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday. The Pennsylvania Petrochemical Complex plant in Beaver County, owned by Shell, has been promoted by some as an economic savior in a region still suffering from the demise of steel industry in the 1980s.
Isracann Biosciences Inc. (CSE:IPOT) (XFRA:A2PT0E) (ISCNF) (the “Company” or “Isracann”) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer is pleased by the recent government approval permitting the export of cannabis for sale to foreign medicinal markets. On May 13, 2020, the Israeli Ministry of Economy signed a Free Export Order for medical cannabis products. The order allows the government to implement a medical cannabis decision that was previously signed in 2019.
Chinese Premier Li Keqiang wants the revival of street vendors to revitalize small businesses, how should fashion capitalize on the policy?