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REUTERS/Tom KaeckenhoffLEVERKUSEN, Germany, April 5 (Reuters) - Incoming Bayer (BAYGn.DE) chief executive Bill Anderson says he is keeping an open mind on whether to break up the company into smaller pieces, as some fidgety investors want. "That's why I said I am going to have an open mind," he said. On the stock market Bayer, once the most valuable company on Germany's DAX blue-chip index, is now worth only about the same as it paid for Monsanto. At Bayer, he said he did not have his own desk and made use of the company's meeting rooms as needed. Professing a love of American football, hiking and snowboarding, he was also effusive about Bayer as a company and its heritage of medicines such as Aspirin.

☆ India's top court rejects govt plea seeking more compensation for Bhopal gas disaster victims
▼ + stars: | 2023-03-14 | by ( Arpan Chaturvedi | ) www.reuters.com time to read: +2 min

[1/2] A view of the Indian Supreme Court building is seen in New Delhi December 7, 2010. REUTERS/B MathurNEW DELHI, March 14 (Reuters) - India's Supreme Court on Tuesday rejected the government's plea seeking more compensation from Union Carbide Corporation for victims of a gas leak in the central Indian city of Bhopal that resulted in one of the world's worst industrial disasters. Following the disaster, the government sued Union Carbide and the company agreed to pay an out-of-court settlement of $470 million in damages in 1989. The government approached the country's top court in 2010 seeking enhanced compensation for the victims. Dow Chemical, which now owns Union Carbide, denied liability, saying it bought the company a decade after Union Carbide settled its liabilities with the Indian government.

☆ Here's how a serial founder and former US diplomat raised $25 million to create a crypto superapp — and why it's gotten backing from investors like JetBlue and the Winklevoss twins
▼ + stars: | 2023-03-07 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Kresus, which is building a crypto superapp, has raised $25 million led by Liberty City Ventures. Traina's company, Kresus, has raised $25 million in Series A funding led by Liberty City Ventures, the company's first round of financing, to bring that vision of a crypto superapp to fruition. JetBlue Ventures, Craft Ventures, Franklin Templeton, Salesforce CEO Marc Benioff, and Gemini cofounders Tyler and Cameron Winklevoss also participated in the round. That track record helped win over Liberty City Ventures, whose portfolio includes the Web3 companies Animoca Brands, BlockApps, BitGo, and The Sandbox. James Lang, a managing director at Liberty City, told Insider that the quality of Kresus' team stood out among similar companies he'd reviewed.

☆ Nokia, Kyndryl extend partnership for private 5G factory networks
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

STOCKHOLM, Feb 14 (Reuters) - Nokia (NOKIA.HE) and Kyndryl (KD.N) have extended their partnership for three years after clocking up more than 100 customers for automating factories using 5G wireless networks, following their first tie-up a year earlier. "We grew the business significantly last year with the number of customers and number of networks," Chris Johnson, head of Nokia's enterprise business, told Reuters. The companies said some customers were now coming back to put private networks into more of their factories after the initial one. In Dow Chemical's petrochemical processing plant in Texas, the private wireless network increased worker safety, enabled remote audio and video collaboration, personnel tracking, and vehicle telematics, the companies said. The size of the global private 5G network market is expected to reach $41.02 billion by 2030 from 1.38 billion in 2021, according to a study by Grand View Research.

☆ Indonesia finds local trader forged ingredient label in probe of cough syrup deaths
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

Authorities have said two ingredients, ethylene glycol (EG) and diethyelene glycol (DEG), found in some syrup-based paracetamol medications are linked to acute kidney injury, which many of the children suffered. Pipit Rismanto, a senior police official, told reporters authorities have found that CV Samudera Chemical sold "industrial-grade" EG and DEG as pharmaceutical-grade propylene glycol manufactured by Dow Chemical Thailand and supplied them to distributors of local drug-makers. Police have arrested and charged officials at Samudera and its distributor CV Anugrah Perdana Gemilang. Reuters could not immediately reach CV Samudera Chemical or its distributor for comment. Last week, The World Health Organization called for "immediate and concerted action" to protect children from contaminated medicines after about 300 deaths in Gambia, Uzbekistan, and Indonesia linked to cough syrups last year.

☆ Why tech is holding up better than the rest — listen to 'The Homestretch'
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: +9 min

THERE WAS A FUNNY MOMENT WHENPEOPLE WERE TRYING TO SAY THATTRADING AND -- AND JAMES GORMANSAID WE'RE NOT A TRADING FIRM. TECH IS LEADING AND NVIDIA,BECAUSE THE CHINESE WILL SITDOWN WITH JANET YELLEN BUT ITCOULD BE A PURE BOUNCE BACK. AND I DON'T KNOW WHETHER THAT ISNECESSARY -- WE DID SELL SOMEBUT I'M NOT SURE WHETHER TO GETRID OF A POSITION LIKE THAT. NOW THEY'RE GOING TO SPEND MOREMONEY ON INSTRUMENTATION, MAKINGNEW DRUGS AWAY FROM COVID. BUT OVERALL, I DON'T THINK CALLTHIS A MOVE INTO THAT GROUP.

☆ Indonesia revokes firms' fever syrup licences amid inquiry into 150 deaths
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +3 min

Ethylene glycol and diethylene glycol can be toxic and lead to acute kidney injury. Penny said the two firms produced drugs with substandard raw materials, failed to report a change in ingredients and used some materials in excess of guidelines. Indonesia has seen a surge in AKI cases among children since August, which its health minister said was most likely due to changes in the raw ingredients used in cough and fever syrups. Indonesia imports its raw ingredients for medicine mostly from China and India, according to the health ministry. Dow Chemical Thailand said in a statement that "none of the suppliers mentioned by BPOM are our customers", and that its product does not contain ethylene glycol or diethylene glycol.

☆ Indonesia revokes firms' fever syrup licences amid probe into 150 deaths
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

The two firms produced drugs with substandard raw materials, failed to report a change in ingredients and used some materials in excess of guidelines, Penny said. A lawyer with PT Universal Pharmaceutical Industries declined to comment, citing the ongoing investigation. Indonesia has seen a surge in AKI cases among children since August, which its health minister said was most likely due to changes in the raw ingredients used in cough and fever syrups. Indonesia imports its raw ingredients for medicine mostly from China and India, according to the health ministry. BPOM said it would look into distributors of the two drug makers to see if they supplied materials to other pharmaceutical firms.

☆ Investing Club: The week in review, the week ahead — Oct. 14, 2022
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club trades for the week Monday Bought 20 shares of Constellation Brands (STZ); Trust owns 390 shares of STZ. On Wednesday, the September producer price index was reported to have risen 0.4% monthly, double the expectation. On Thursday, the September consumer price index was also reported to have increased 0.4% monthly, above the expectation for a 0.3% increase. Excluding automobile sales, sales were up 0.1% slightly ahead of the expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ A travel planner for the ultrawealthy shares what goes into organizing $800,000 trips to exclusive locations
▼ + stars: | 2022-10-13 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +9 min

Jules Maury is the head of Scott Dunn Private, an ultraexclusive division of a luxury travel firm. She was raised in a wealthy family and learned how to plan luxury trips by taking them herself. Jules Maury was 12 when she made her first hotel booking. She handles trips for the world's wealthiest people along with a team of four travel advisors and six booking specialists. But even an expert travel planner lacks some knowledgeMaury still relishes the chance to travel, and she spends much of the year on the road, often attending luxury travel shows like ILTM in Cannes or Pure in Marrakech.

“The government is obviously failing us and not protecting us,” said Taylor, who evacuated from St. John before Hurricane Ida hit. The US Centers for Disease Control and Prevention categorizes St. John and St. James as a community with high levels of Covid-19 transmission. Prior to Ida, at least 16% of residents in St. James Parish and St. John Parish were living below the poverty line, according to Census data. One of their biggest fights was against the Taiwanese plastics manufacturer Formosa, which was set to build a $9.4 billion petrochemical complex in St. James Parish. While the battle to block the multibillion-dollar facility isn’t over, Hurricane Ida added to the community’s problems.

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