Bayer bets on ‘silver bullet’ defense in Roundup litigation; experts see hurdles

Bayer bets on ‘silver bullet’ defense in Roundup litigation; experts see hurdles
NEW YORK (Reuters) – Bayer AG plans to argue that a $2 billion jury award and thousands of U.S. lawsuits claiming its glyphosate-based weed killer Roundup causes cancer should be tossed because a U.S. regulatory agency said the herbicide is not a public health risk. FILE PHOTO: Monsanto Co’s Roundup is shown for sale in Encinitas, California, U.S., June 26,... Read More

Wall St. advances as earnings, economic data beat expectations

Wall St. advances as earnings, economic data beat expectations
NEW YORK (Reuters) – Wall Street extended its rally in afternoon trading on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid All three major U.S. stock indexes... Read More

Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemic

Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemic
(Reuters) – Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, escalating the wave of litigation over a nationwide abuse epidemic. FILE PHOTO: Bottles of prescription painkiller OxyContin, 40mg, 20mg and 15mg pills, made by Purdue Pharma sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017.... Read More

Five U.S. states sue Purdue Pharma over marketing, selling of opioids

Five U.S. states sue Purdue Pharma over marketing, selling of opioids
FILE PHOTO: Bottles of prescription painkiller OxyContin, 40mg, 20mg and 15mg pills, made by Purdue Pharma sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo (Reuters) – Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, including OxyContin, contributing to a nationwide epidemic.... Read More

Nestle makeover advances with $10 billion sale of skin health unit

Nestle makeover advances with $10 billion sale of skin health unit
ZURICH/FRANKFURT (Reuters) – Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11,... Read More

Walmart says higher tariffs on China goods will increase prices for U.S. shoppers

Walmart says higher tariffs on China goods will increase prices for U.S. shoppers
(Reuters) – Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on imports from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File... Read More

Nestle revamp advances with $10 billion sale of skin health unit to buyout funds

Nestle revamp advances with $10 billion sale of skin health unit to buyout funds
ZURICH/FRANKFURT (Reuters) – Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11,... Read More

Nestle in talks over $10 billion sale of skin health unit to EQT, ADIA

Nestle in talks over $10 billion sale of skin health unit to EQT, ADIA
ZURICH (Reuters) – Nestle SA has entered exclusive negotiations to sell its skin health business to a consortium led by EQT Partners and Abu Dhabi’s ADIA in a deal worth 10.2 billion Swiss francs ($10.12 billion), it said on Thursday. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11, 2019.... Read More

Nestle in talks with EQT, ADIA for $10 billion skin health deal

Nestle in talks with EQT, ADIA for $10 billion skin health deal
FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11, 2019. REUTERS/Denis Balibouse/File Photo ZURICH (Reuters) – Nestle SA has entered exclusive negotiations to sell its skin health business to a consortium led by private equity firm EQT Partners and ADIA in a deal worth 10.2 billion Swiss francs ($10.12 billion),... Read More

Nestle, EQT-led group in talks for $10 billion skin health deal

Nestle, EQT-led group in talks for $10 billion skin health deal
FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11, 2019. REUTERS/Denis Balibouse/File Photo ZURICH (Reuters) – Nestle SA has entered exclusive negotiations to sell its skin health business to a consortium led by private equity firm EQT Partners and ADIA in a deal worth 10.2 billion Swiss francs ($10.12 billion),... Read More