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☆ Optus outage nationwide affects millions of Australians, phone and internet connections still down
▼ + stars: | 2023-11-07 | by ( ) edition.cnn.com time to read: +3 min

Millions of Australians were left without a phone or internet connection on Wednesday after the country’s second-largest telecommunications provider experienced an unexplained nationwide outage. “It is highly unlikely (that the problem started within software in Optus networks), our systems are actually very stable … This is a very, very rare occurrence,” she said. It has wide ramifications across mobile, fixed, and broadband services for Optus customers,” Rowland told reporters. Ramsay Health Care, which owns 70 hospitals and clinics in Australia, its phone services were impacted. “We encourage any customers who need to contact emergency services to use a mobile line to call 000,” Optus said in a statement.

Persons: Kelly Bayer Rosmarin, ”, Angela Ican, Kyle, couldn’t, it’s, “, Michelle Rowland, ” Rowland, Ramsay Organizations: Optus, ABC Radio, Singapore Telecommunications, “, Reuters, ”, Bank, Federal Communications, Health Care, Optus landlines, ” Optus Locations: Australia

☆ Bayern not downbeat after Cup exit, ready for Dortmund test - Tuchel
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

MUNICH, Germany, Nov 3 (Reuters) - Bayern Munich's shock German Cup loss to third division Saarbruecken was painful but the team are confident of winning Saturday's Bundesliga clash at Borussia Dortmund, coach Thomas Tuchel said on Friday. "We wanted to got to Berlin to win the Cup. Dortmund are also unbeaten in their first nine league games and are fourth on 21 points, two behind Bayern. "We have a good run in the Bundesliga, we have a team we trust and we go to Dortmund to win the game," said Tuchel. We go to Dortmund to win and stretch our run in the league.

Persons: Saarbruecken, Thomas Tuchel, Matthijs de Ligt, Tuchel, De, Dayot Upamecano, Leon Goretzka, Karolos Grohmann, Ed Osmond Organizations: Bayern, Bundesliga, Borussia Dortmund, Galatasaray, Champions League, Bayer Leverkusen, Dortmund, Thomson Locations: MUNICH, Germany, Berlin, Dortmund

☆ Microsoft starts selling its Copilot AI tool for email and documents
▼ + stars: | 2023-11-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

On Wednesday, the company started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions targeting businesses. Wong said Gartner encourages organizations to experiment with generative AI, which can create synthetic images and text with just a few words of human input. "I think getting to 20% will be reasonable within two to three years for technologies like Copilot, because there's going to be early adopters, and there's going to be fast followers," he said. Microsoft acknowledges on its website that "the responses that generative AI produces aren't guaranteed to be 100% factual." Microsoft says prompts and responses in Copilot aren't used to train language models and adhere to the company's privacy standards.

Persons: Piper Sandler, Brent Bracelin, Hannah Rudoff, Piper Sandler's, Bracelin, Satya Nadella, Nadella, we've, Jason Wong, Wong, Gartner, Piper Sandler's Bracelin, ChatGPT, aren't, Katie Stockton Organizations: Microsoft, Google, CNBC, Copilot, Bayer, KPMG, Mayo Clinic, Suncorp, Visa, Gartner, Companies

☆ Bayern's German Cup game in the balance over pitch conditions - Tuchel
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

MUNICH, Germany, Oct 31 (Reuters) - Bayern Munich's German Cup second round game at third-tier Saarbruecken on Wednesday hangs in the balance due to the hosts' pitch conditions with a decision expected on matchday, Bayern coach Thomas Tuchel said on Tuesday. Heavy rain in previous days has made the pitch almost unplayable with the German Football Association (DFB) set to inspect it two more times before a decision is taken. That was always the plan and has nothing to do with the pitch," Tuchel told a press conference. "If the DFB decides tomorrow that we will play I hope that it will be under normal conditions," Tuchel said. He knows how to play with an economy and he knows how to play a lot," Tuchel said of Kane, who scored a hat-trick in their 8-0 win over Darmstadt on Saturday.

Persons: Thomas Tuchel, Tuchel, Harry Kane, Harry, Kane, Jamal, Kingsley Coman, Karolos Grohmann, Ken Ferris Organizations: Bayern Munich's German, Bayern, German Football Association, Borussia Dortmund, Bundesliga, Dortmund, DFB, Darmstadt, England, Wednesday, Bayer Leverkusen, Thomson Locations: MUNICH, Germany

☆ Bayern midfielder Kimmich banned for two league games after red card
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Bundesliga - Bayern Munich v SV Darmstadt 98 - Allianz Arena, Munich, Germany - October 28, 2023 Bayern Munich's Joshua Kimmich walks off the pitch after being shown a red card REUTERS/Angelika Warmuth/File Photo Acquire Licensing RightsBERLIN, Oct 30 (Reuters) - Bayern Munich midfielder Joshua Kimmich has been banned for two Bundesliga matches following his fourth minute red card in their 8-0 win over Darmstadt 98 on Saturday, the German Football Association (DFB) said on Monday. The ban means Kimmich will miss Bayern's match at Borussia Dortmund on Saturday and the home game with promoted Heidenheim next week. Germany international Kimmich was shown a straight red card when he failed to control a pass from his own goalkeeper Manuel Neuer and then pulled down Marwin Mehlem at the edge of the box. Champions Bayern are in second place on 23 points, two behind leaders Bayer Leverkusen. Dortmund are fourth on 21.

Persons: Joshua Kimmich, Angelika Warmuth, Kimmich, Manuel Neuer, Karolos Grohmann, Ken Ferris Organizations: Soccer Football, Bundesliga, Bayern Munich, SV Darmstadt, Allianz Arena, Bayern, Rights, Darmstadt, German Football Association, Borussia Dortmund, Bayer Leverkusen, Dortmund, Thomson Locations: Munich, Germany, Heidenheim, Darmstadt

☆ Sanofi loses $21 bln in market value after dropping 2025 profit target
▼ + stars: | 2023-10-27 | by ( Ludwig Burger | ) www.reuters.com time to read: +6 min

Under a push to spend more on immunology and inflammation drug development, the company abandoned a target for a 32% operating profit margin for 2025 to focus on "long-term profitability". EPS would see a strong rebound in 2025 but not enough to sustain the previous margin target. CONSUMER STAND-ALONECEO Hudson said the core innovative drugs business had improved enough to soon do without the more predictable cash flows from consumer products. The logo of French drugmaker Sanofi is seen a the Sanofi Genzyme Polyclonals in Lyon, France, September 30, 2023. The timing of the potential consumer listing, which Sanofi said would be in the fourth quarter of 2024 or later, would be set to maximize shareholder value.

Persons: Hudson, Sanofi, drugmaker, Paul Hudson, Terence McManus, Johnson, we've, Gonzalo Fuentes, Roche, Dupixent, Ludwig Burger, Sherry Jacob, Phillips, Mark Potter, Sharon Singleton Organizations: Sanofi, Bellevue Asset Management, Reuters, Barclays, Johnson, GSK, Pfizer, Bayer, Polyclonals, REUTERS, Provention, Merck & Co, Thomson Locations: France, Bellevue, Lyon, Paris

☆ Sanofi loses $21 billion in market value after dropping 2025 profit target
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +2 min

Chesnot | Getty ImagesSanofi stock plunged on Friday, wiping 20 billion euros ($21 billion) off its market value, after it abandoned its 2025 profit target under a plan to list its consumer healthcare business to focus on its core innovative drugs business. Under a push to spend more on immunology and inflammation drug development, the company abandoned a target for a 32% operating profit margin for 2025 to focus on "long-term profitability." Sanofi shares trade at a 12 month forward price-to-earnings ratio of 11, a discount to AstraZeneca's 16 and global pharma index of 17, according to LSEG data. Bayer, led by a new CEO since June, has faced calls by several investors to split off its consumer business. EPS would see a strong rebound in 2025 but not enough to sustain the previous margin target.

Persons: Sanofi, drugmaker, Paul Hudson, Terence McManus, Kenvue, Johnson, Bayer Organizations: Chesnot, Getty, Sanofi, Bellevue Asset Management, Reuters, Barclays, Johnson, GSK, Pfizer Locations: Gentilly, Paris, France, Bellevue

☆ Brazilian Lawmakers Advance Country’s Regulated Carbon Market
▼ + stars: | 2023-10-26 | by ( Paulo Trevisani | Luciana Magalhaes | ) www.wsj.com time to read: +5 min

A Brazilian carbon market would be an important addition to an expanding network of cap-and-trade systems around the world. Brazilian agricultural producers and miners hope the carbon market will help overcome headwinds in developed markets where consumers often associate them with deforestation. Exporters of manufactured goods using Brazilian grains, meat, iron-ore and other raw materials could also get a boost if carbon regulation improves the country’s environmental credentials, according to Brazilian business executives. Sen. Tereza Cristina —a former agriculture and livestock minister—defended the decision to exclude the sector from carbon regulation. “The farm sector isn’t ready for the regulated carbon market,” she said.

Persons: Eraldo Peres, Luiz Inácio Lula da Silva, Flávio Roscoe, ”, Marcio Astrini, Tereza Cristina —, —, Fábio Passos, Passos, Paulo Trevisani, Luciana Magalhaes Organizations: Associated Press, United, Observatory, Sen, Business, Bayer’s, luciana.magalhaes@wsj.com Locations: Brazil, Associated Press Brazil, Nations, United Nations, Pennsylvania, Minas Gerais, Europe, Latin America, paulo.trevisani@wsj.com

☆ Liverpool thump Toulouse 5-1, Brighton earn first European win
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

The rest of the match belonged to Liverpool as Wataru Endo headed them back in front just past the half-hour mark. That goal took the Egyptian's tally to 43 for Liverpool in major European competitions, a record for any player at an English club. Liverpool top the group by five points over Union Saint Gilloise and Toulouse, who both have four points. BRIGHTON ROCKBrighton achieved a European milestone by beating Ajax and reigniting their chances of reaching the knockout stages. They are now level on four points with second-placed AEK Athens in Group B, a point behind Olympique de Marseille.

Persons: Diogo Jota, Wataru Endo, Darwin Nunez, Nunez, Ryan Gravenberch, Mohamed Salah, LASK, Cameron Puertas, Christian Burgess, Joao Pedro, Diant Ramaj, Ansu Fati, Maurice Steijn, Kostas Fortounis, Rodinei's, Angelo Ogbonna, Angelo Ogbonna . West Ham, Lucas Paqueta's, Edoardo Bove, Romelu Lukaku, Jose Mourinho's, Alejandro Grimaldo, Stade Rennais, Arnaud Kalimuendo, Tommy Lund, Ken Ferris Organizations: Liverpool, Brighton, Ajax, Olympiakos, West, Marseille, Leverkusen, Rennes, LIVERPOOL, Toulouse, Europa League, Brighton & Hove Albion, Ajax Amsterdam, Union Saint Gilloise, Union, BRIGHTON ROCK Brighton, AEK Athens, Olympique de Marseille, AEK, Seagulls, Olympiakos Piraeus, Europa Conference League, West Ham United, Freiburg, Backa Topla, AS Roma, Slavia Prague, Slavia, Bayer Leverkusen thumped Qarabag, Stade, Panathinaikos, Villarreal, Maccabi Haifa, Thomson Locations: Roma, England, Anfield, Brighton, Liverpool, Toulouse, Europe, Angelo Ogbonna . West, Gdansk

☆ Bayern's Neuer prepares for imminent Bundesliga return with eye on Euros
▼ + stars: | 2023-10-26 | by ( Karolos Grohmann | ) www.reuters.com time to read: +2 min

BERLIN, Oct 26 (Reuters) - There is more at stake for Bayern Munich keeper Manuel Neuer when he makes his possible return to action in the Bundesliga on Saturday against Darmstadt 98 almost a year after injury. He did not travel to Bayern's Champions League game against Galatasaray in Istanbul on Tuesday to continue training while a rumoured return in the league last week did not materialise. "We have to wait and see," Bayern's Tuchel said on Tuesday when asked whether Neuer will return this week. A Bayern comeback for Neuer would mean that veteran keeper Sven Ulreich, who has been outstanding in his absence, will quickly slip back into his usual reserve role. Victory over visiting Darmstadt, in 12th place, could move Bayern provisionally into top spot, with Leverkusen, also unbeaten, in action against Freiburg on Sunday.

Persons: Manuel Neuer, Thomas Tuchel, Neuer, Barcelona's Marc, Andre ter Stegen, Ilkay, Julian Nagelsmann, Bayern's Tuchel, Manuel, Sven Ulreich, Ulreich, Karolos Grohmann, Christopher Cushing Organizations: Bayern Munich, Bundesliga, Darmstadt, Bayern's Champions League, Galatasaray, Bayern, Costa, Germany, Champions League, Bayer Leverkusen, VfB Stuttgart, Victory, Leverkusen, Freiburg, Sunday, Borussia Dortmund, Eintracht Frankfurt, Thomson Locations: Istanbul, Qatar, Costa Rica, Germany, Darmstadt

☆ Nestle, Volvo among 130 companies urging COP28 agreement to ditch fossil fuels
▼ + stars: | 2023-10-23 | by ( Tommy Wilkes | ) www.reuters.com time to read: +2 min

LONDON, Oct 23 (Reuters) - Companies including Nestle (NESN.S), Unilever (ULVR.L), Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. "Our businesses are feeling the impacts and cost of increasing extreme weather events resulting from climate change," the companies wrote in the letter, which was coordinated by the non-profit We Mean Business Coalition, which is pushing for greater climate action globally. "To decarbonise the global energy system, we need to ramp up clean energy as fast as we phase out the use and production of fossil fuels," they wrote. The speed at which countries should phase out fossil fuels will be one of the thorniest issues. Reporting by Tommy Reggiori Wilkes; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: COP28, Tommy Reggiori Wilkes, Emelia Sithole Organizations: Companies, Nestle, Unilever, Mahindra Group, Volvo, Business Coalition, Bayer, Heineken, IKEA, Thomson Locations: Dubai, Paris, Europe

☆ Roche's Q3 sales down 3% on currency headwinds, drop in COVID sales
▼ + stars: | 2023-10-19 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

Quarterly sales came in at 14.3 billion Swiss francs ($15.9 billion), the Swiss drugs and diagnostics maker said in a statement, broadly in line with analyst estimates. A high-dose version of Eylea for less frequent injections won U.S. approval in August, creating doubt among analysts that a string of forecast-beating Vabysmo sales can continue. CEO Thomas Schinecker - who is keen to restore Roche's drug development record - said he was looking to acquire drug assets in all stages of development but that there was no rush. He pointed to 10% sales growth during the quarter, excluding currency headwinds and the slump in COVID sales. However, it predicted a less pronounced decline in sales of COVID-19 products of about 4.5 billion Swiss francs, from a previous estimate of a drop of 5 billion francs.

Persons: drugmaker Roche, Arnd, Roche, Regeneron, Thomas Schinecker, Schinecker, Ludwig Burger, Friederike Heine, Elaine Hardcastle Organizations: REUTERS, Bayer, Thomson Locations: Basel, Switzerland, COVID, Swiss

☆ Arkansas orders Chinese-owned seed producer Syngenta to sell US farmland
▼ + stars: | 2023-10-17 | by ( Tom Polansek | ) www.reuters.com time to read: +3 min

CHICAGO, Oct 17 (Reuters) - Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global seeds producer. U.S. farm groups and lawmakers are increasingly scrutinizing foreign land ownership due to concerns about national security. "Our people in Arkansas are Americans led by Americans who care deeply about serving Arkansas farmers," Das said. The state also fined Syngenta $280,000 for failure to report foreign ownership in a timely manner. "All Syngenta land holdings have been examined by the U.S. government, through two administrations, as Syngenta was transitioning to ChemChina ownership," Das said.

Persons: Syngenta, Sarah Huckabee Sanders, Saswato Das, Das, Tim Griffin, Griffin, Northrup, Huckabee Sanders, Tom Polansek, Jonathan Oatis Organizations: BASF, Bayer, Sinochem Holdings Corp, Northrup King Seed, Syngenta, U.S . Department of Agriculture, U.S ., Thomson Locations: Arkansas, U.S, Craighead County, China, ChemChina, Shanghai

☆ BofA reveals the global stocks that tend to outperform when the U.S. dollar rises
▼ + stars: | 2023-09-29 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +1 min

The U.S. dollar index hit its highest level since March earlier this month, while its 50-day moving average is showing signs of surpassing its 200-day counterpart. European stocks to benefit Bank of America's screen captures European companies that would "tend to outperform" when the U.S. dollar index rises. They also had a "significant and positive slope from regression [against] the U.S. dollar index." "Over the past five years, Low Risk stocks, Energy and Norway have tended to outperform the most when the DXY index has been rising," she added. Elsewhere Dutch media house Wolters Kluwer , Italian energy player Tenaris and Finnish telecommunication services provider Nokia also appeared on the screen.

Persons: BofA's Paulina Strzelinska, Strzelinska, Wolters, — CNBC's Michael Bloom Organizations: U.S, Bank of America, The U.S, Bank, Energy, Bank of, Tobacco, Diageo, BP, Bayer, Roche, Wolters Kluwer, Nokia Locations: The, Europe, Norway, Novozymes, Denmark, Qiagen, Germany, Switzerland

But he says he gradually gained new fans in his soccer-crazed South American country for representing his Afro-Brazilian religion Candomblé and challenging religious intolerance. And it’s nice to feel they see something good in what I do.”Just a small minority in Brazil practices Candomblé. Growing up in Rio de Janeiro, Paulinho said he suffered prejudice because of his faith -- like his mother and grandmother before him. Paulinho now plays for Brazil’s Atlético Mineiro, a club that during the 1980s had some of the first outspoken evangelical soccer players in the country. Paulinho was one of the few active soccer players to publicly endorse President Luiz Inácio Lula da Silva in the 2022 elections.

Persons: Paulinho, –, Oxóssi, …, it’s, nonbelievers, wasn’t, Candomblé, Vasco da Gama, Ana Christina Sampaio, “, ”, “ Candomblé, Reginaldo Prandi, That’s, ” Prandi, ” Paulinho, emboldening, Jair Bolsonaro, Luiz Inácio Lula da Silva, Caetano Veloso, Prandi, Rodrigo Nestor, Iansã, ” Nestor, “ That’s Organizations: LAGOA, Tokyo, Brazilian club Atletico Mineiro, Vasco, Candomblé, Portuguese, Bayer Leverkusen, Brazil’s Atlético Mineiro, Atletico Mineiro, Black, Sao Paulo FC, Rodrigo, Brazilian, Flamengo, Globo, Lilly Endowment Inc, AP Locations: LAGOA SANTA, Brazil, American, Christianity, Belo Horizonte, “, Rio de Janeiro, European, England, Spain, India, Bahia, Bolsonaro, Sao, Paris

☆ Record-breaking Kane scores hat-trick in Bayern's 7-0 demolition of Bochum
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Kane's three goals put him above club great Gerd Mueller, Miroslav Klose and Mario Mandzukic who all scored five times in their first five games. The Bavarians, who beat Manchester United 4-3 in their Champions League opener on Wednesday, move up to 13 points in top spot from five Bundesliga games. Earlier, Eric Maxim Choupo-Moting had tapped in for a fourth-minute lead from a perfectly-timed Kingsley Coman assist. Kane made sure of a club record when he scored with a 54th-minute penalty before Coman hit the woodwork on the hour. ($1 = 0.9388 euros)Reporting by Karolos Grohmann; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Harry Kane, Michaela Rehle, Gerd Mueller, Miroslav Klose, Mario Mandzukic, Kane, Eric Maxim Choupo, Moting, Kingsley Coman, Leroy Sane, Coman, Tel, Karolos, Clare Fallon Organizations: Soccer Football, Bundesliga, Bayern Munich, VfL Bochum, Allianz Arena, Bayern, Rights, Manchester United, Champions League, Bayer Leverkusen, England, Thomson Locations: Munich, Germany, Rights MUNICH, Bayern Munich, Heidenheim, Sunday

A few compounds picked by AI are now in development, but those bets will take years to play out. Reuters interviews with more than a dozen pharmaceutical company executives, drug regulators, public health experts and AI firms show, however, that the technology is playing a sizeable and growing role in human drug trials. The U.S. Food and Drug Administration (FDA) said it had received about 300 applications that incorporate AI or machine learning in drug development from 2016 through 2022. Without AI, Bayer said it would have spent millions more, and taken up to nine months longer to recruit volunteers. Finding real-world patients by mining electronic patient data can be done manually, but using AI speeds up the process dramatically.

Persons: Dado Ruvic, Jeffrey Morgan, Amgen, Badhri Srinivasan, Sameer Pujari, drugmaker Bayer, Bayer, Blythe Adamson, Roche, Richard Pazdur, Gen Li, John Concato, Natalie Grover, Martin Coulter, Julie Steenhuysen, Josephine Mason, David Clarke Organizations: Pharmaceutical Research, REUTERS, Pharmaceutical, Bayer, Novartis, Deloitte, U.S . Food, Drug Administration, Reuters, World Health, Flatiron Health, FDA, European Medicines Agency, FDA's Oncology, Excellence, Medical, FDA's Center, Drug, Research, Thomson Locations: U.S, Johannesburg, Texas, Finland, United States, London, Chicago

☆ AlphaTauri confirm Tsunoda and Ricciardo for 2024
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Summary Tsunoda and Ricciardo to be race line-upLawson to serve as reserve for both Red Bull teamsSUZUKA, Japan, Sept 23 (Reuters) - AlphaTauri confirmed Daniel Ricciardo and Yuki Tsunoda as their 2024 Formula One lineup on Saturday and said current stand-in Liam Lawson would be reserve driver for both of Red Bull's teams. "Both Daniel and Yuki have not just shown fantastic race craft but are also great global ambassadors for our team and our sport. We are building and it is a great feeling...bring on 2024," Ricciardo said in the statement. Tsunoda, Japan's only current F1 driver and backed by AlphaTauri's engine partner Honda, will be racing for a fourth season after joining in 2021. AlphaTauri said the Kiwi driver will attend all F1 races next season, focusing on testing, simulator and development work.

Persons: Lawson, AlphaTauri, Daniel Ricciardo, Yuki Tsunoda, Liam Lawson, Red, Williams, Zealander Lawson, Peter Bayer, Daniel, Yuki, Liam, Ricciardo, Honda, Franz Tost, Laurent Mekies, Peter, Laurent, Alan Baldwin, Rory Carroll, Toby Davis Organizations: Red Bull, SUZUKA, McLaren, Japan's, Kiwi, Thomson Locations: Japan, London, Los Angeles

☆ Looking for value stocks? Citi lists over 10 European names — for risk-takers and the cautious
▼ + stars: | 2023-09-22 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

European value stocks are doing better than growth stocks right now, according to Citi analysts. Citi defined "quality" value stocks as those in the top fifth and fourth quintiles for three characteristics: value, low risk and quality. Citi said investors "have not been particularly risk-averse," as risky value stocks are up 8.6%, while quality value stocks are down 0.3% in the year to date. Nevertheless, the bank noted that investors appear to have been more cautious since the start of August, as quality value stocks are up 4.6%, while risky value stocks are down 0.6%. 'Risky value' stocks For this screen, Citi looked for stocks that scored in the seventh or above decile for value and those in the fifth or below decile for "value low risk" and quality.

Persons: TotalEnergies, Moller Maersk, — CNBC's Michael Bloom Organizations: Citi, HSBC Holdings, Zurich Insurance Group, ABN AMRO, Imperial Brands, Nokia, BNP, BMW, Bayer, Life, WPP PLC Locations: European, China, Dutch, Danish

☆ Leverkusen snatch 2-2 draw at Bayern with stoppage-time penalty
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

MUNICH, Germany, Sept 15 (Reuters) - Bayer Leverkusen scored a stoppage time penalty through Exequiel Palacios to rescue a 2-2 draw at Bayern Munich on Friday and snap their winning start. The match lived up to its billing and the result left Bayern and Leverkusen level on 10 points at the top of the standings. Palacios thundered in his spot kick after Alphonso Davies had brought down Jonas Hofmann. But it was Bayern who scored with Tel weaving past the Leverkusen defence to set up Goretzka. Leverkusen, however, had the final say with Davies' sloppy defending earning them a last-gasp spot kick after a VAR review.

Persons: Exequiel Palacios, Palacios thundered, Alphonso Davies, Jonas Hofmann, Leon Goretzka, Thomas Tuchel, Tuchel, Harry Kane, Alejandro Grimaldo, Striker Victor Boniface then, Lukas Hradecky, Kane, Bayern's Sven Ulreich, Jeremie Frimpong, Florian Wirtz, Boniface, Davies, Palacios, Karolos Grohmann, Pritha Sarkar Organizations: Bayer Leverkusen, Bayern Munich, Bayern, Leverkusen, Mathys, Tel, Thomson Locations: MUNICH, Germany

FRANKFURT, Sept 14 (Reuters) - Bayer's (BAYGn.DE) new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up, three people familiar with the matter said. But the new CEO will likely have only a short respite period to come up with concrete strategic proposals. Anderson has been tasked with reviving Bayer's share price, which has underperformed rivals, weighed down by the lingering costs of U.S. weedkiller litigation. Anderson said last month he was not ruling out any options as part of his review of the company's strategy and structure, saying he was "leaving no stone unturned". He added he would provide an initial update in the coming months and detailed plans in early 2024.

Persons: Bill Anderson, Anderson, Roche, Oliver Kohlhaas, Kohlhaas, Werner Baumann, Ludwig Burger, Patricia Weiss, Emma, Victoria Farr, Josephine Mason, David Holmes Organizations: Bayer, McKinsey, Artisan Partners, Reuters, Bluebell Capital Partners, Thomson Locations: FRANKFURT, Frankfurt

☆ Germany shocks France in first game without Hansi Flick as new era dawns ahead of home Euros
▼ + stars: | 2023-09-13 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

Flick was appointed head coach in August 2021, succeeding Joachim Löw after Germany’s disappointing early exit from the delayed 2020 European Championship. Germany won just four of its last 16 matches while the head coach was in charge – a streak stretching back to March 2022. In the former Bayern Munich coach’s first major tournament, Germany was surprisingliy eliminated in the group stages at the 2022 World Cup. Germany lost to Japan at the 2022 World Cup and also were beaten by them in Hansi Flick's last game in charge. “The Japan game clearly showed us that we couldn’t carry on like this,” Völler’s statement read.

Persons: Thomas Müller, Leroy Sané, Kai, Antoine Griezmann’s, Hansi Flick, Rudi Völler, Flick, Joachim Löw, surprisingliy, Matthias Schrader, Bernd Neuendorf, ” Neuendorf, Völler, “, Wolfgang Rattay, Bayern Munich’s Jamal Musiala, Bayer Leverkusen’s Florian Wirtz, David Inderlied, Müller, Sané, Serge Gnabry Organizations: CNN, France, Tuesay, Germany, German Football Association, DFB, Bayern Munich coach’s, Costa Rica, Japan, European, “ Sporting, ”, Reuters, Bayern, German, AP Locations: Dortmund, France, Germany, Japan, Qatar, Spain

☆ The farming industry is struggling with labor shortages and the climate crisis. But agtech like digital cow collars and AI-quality-control tools are solving problems in unexpected ways.
▼ + stars: | 2023-09-13 | by ( Sabina Wex | ) www.businessinsider.com time to read: +9 min

Still, there are concerns about who owns the farm data and how it's being used. Chemeres said that he saw agriculture tech companies bombard farmers with innovations to mitigate this labor shortage. He believes the future of agriculture tech will be "almost surgical," he said, especially as AI comes into the field and becomes more sophisticated. These concerns came to a head in 2020, when Climate FieldView was accused of sharing farmers' data with Tillable, a platform that connects landowners with farmers. Not all tech companies do this.

Persons: Andy Lenkaitis, Lenkaitis Holsteins, Sarah Lenkaitis, Sarah, Lenkaitis, Bill Oemichen, Jeff Chemeres, Chemeres, Croptracker, Oemichen, that's, Bayer, FieldView, it's Organizations: Service, McKinsey, Credit Services, Data, Services, US Department of, The National Young Farmers Coalition, University of Wisconsin Survey Center, University of Saskatchewan, Bayer, US Locations: Wall, Silicon, Charles , Illinois, Minnesota, California, Washington, German

The advisers also told the FDA that studying phenylephrine at higher doses was not an option because it can push blood pressure to dangerous levels. This time, the 16 members of the FDA panel unanimously agreed that current evidence doesn't show a benefit for the drug. Additionally, three larger, rigorously conducted studies published since 2016 showed no difference between phenylephrine medications and placebos for relieving congestion. Those studies were conducted by Merck and Johnson & Johnson and enrolled hundreds of patients. Like many other over-the-counter ingredients, phenylephrine was essentially grandfathered into use during a sweeping FDA review begun in the 1972.

Persons: Allegra, Dayquil, ”, Mark Dykewicz, Johnson, Paul Pisaric, “, Jennifer Schwartzott, Peter Starke, drugmakers, Theresa Michele Organizations: WASHINGTON, Food and Drug Administration, Saint Louis University School of Medicine, FDA, Bayer, Archwell Health, University of Florida, Merck, Johnson, Consumer Healthcare Products Association, Congress, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Oklahoma

☆ Your cold pills could be yanked off the shelf. An FDA panel just ruled some of them don't work.
▼ + stars: | 2023-09-12 | by ( Associated Press | Haley Tenore | ) www.businessinsider.com time to read: +6 min

A Food and Drug Administration panel said phenylephrine, a commonly used decongestant, doesn't work. Phenylephrine is found in dozens of over-the-counter cold medications to relieve sinus congestion. Phenylephrine versions — sometimes labeled "PE" on the packaging — make up the rest. Several other commonly purchased cold and congestion relief medications also contain phenylephrine, according to The Wall Street Journal. This time, the 16 members of the FDA panel unanimously agreed that current evidence doesn't show a benefit for the drug.

Persons: Phenylephrine, Allegra, Dayquil, Mark Dykewicz, Johnson, Jennifer Schwartzott, drugmakers Organizations: Drug Administration, Food and Drug Administration, Saint Louis University School of Medicine, FDA, Bayer, Wall Street, Allergy, University of Florida, Consumer Healthcare Products Association, Congress

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