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It's been a good week for Auxly Cannabis Group Inc. (CVE:XLY) shareholders, because the company has just released its......
(Bloomberg) -- Bayer AG is blocked from selling its controversial dicamba-based herbicide in the U.S. after an appeals court rejected a federal regulator’s permit for the product, compounding the German company’s weed-killer woes.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, since pesticides can’t be sold or distributed in the U.S. without EPA registration. The decision is the latest blow to Bayer in the wake of its $63 billion takeover of Monsanto -- a deal that made the German company a leader in agriculture products but also saddled it with a mountain of legal liabilities related...
Tesla Inc. (NASDAQ: TSLA) is tweaking its proposal for the Berlin manufacturing facility in a way that will both please environmental activists and keep the production on time, a local government official said, as reported by Bloomberg on Thursday.What Happened "We expect a proposal that in sum will be more environmentally acceptable and thereby even more approvable," Joerg Steinbach, the economy minister of Brandenburg, where the Tesla site is located, said in an interview, according to Bloomberg."I assume that within the first half of next year, cars will be rolling off the conveyor belt there."Steinbach said Tesla would propose new plans later this week that will address some of the concerns raised by local activists like reducing the use of fresh water and creation of waste water, Bloomberg reported.Why It Matters Hundreds of protestors had taken to the streets in Berlin earlier this year, and a lawsuit was filed against the...
(Bloomberg) -- The grand alliance that’s helped revive global oil markets is being rattled by a long-running feud over members breaking their promises.Just a day before a proposed gathering on Thursday, the OPEC+ coalition hurriedly backtracked from the meeting intended to green-light an extension of its deepest production cutbacks and prop up crude prices.Saudi Arabia and Russia -- the leading producers in the group -- have lost patience with the errant behavior of the next-biggest member, Iraq, according to people familiar with the matter. While most of the main players are delivering their agreed share of output curbs, Baghdad is once again reneging on its commitments.At stake is the unity of the 23-nation partnership, which has helped engineer a doubling in international oil prices following the battering meted out by the coronavirus crisis. If the Iraqis, and other delinquents such as Nigeria and Kazakhstan, don’t shape up then Riyadh and Moscow...
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters. GM's plan to develop an electric van has not previously been reported....
Top news and what to watch in the markets on Thursday, June 4, 2020....
