dpa-AFX overview: COMPANIES from May 17, 2021 – 3.15 p.m.

NEW YORK – A new heavyweight is emerging in the US media industry with Hollywood studio Warner Bros. and TV channels such as HBO, CNN and Eurosport. The telecommunications giant AT&T is spinning off its WarnerMedia division and merging it with the Discovery TV group. AT&T should benefit from this with 43 billion US dollars (currently 35.4 billion euros) in cash, shares and in the form of debt assumptions, as the company announced on Monday. The shareholders of AT&T should also get a majority of 71 percent in the new company.

ROUNDUP: Bayer is again subject to glyphosate appeal proceedings in the USA

SAN FRANCISCO – The agrochemical and pharmaceutical company Bayer has also suffered a defeat in the second of its US appeals due to alleged cancer risks of the weed killer glyphosate. The responsible court in San Francisco confirmed a ruling on Friday according to which Bayer had to pay plaintiff Edwin Hardeman a total of a good 25 million US dollars (20.6 million euros) in damages.

ROUNDUP: Ryanair hopes for a year without a lousy after billions in losses – share rises

DUBLIN – Europe’s largest low-cost airline Ryanair is building on an upswing from the important summer season after a deep red year. In this case, the top management around Ryanair boss Michael O’Leary considers a result close to the breakeven point in the current financial year until the end of March 2022 to be likely. For this, the vaccination campaigns against the corona virus would have to take effect and Europe’s governments would have to relax the travel restrictions on vacation from July, the company announced on Monday in Dublin. By then, the company hopes to be able to use a first copy of Boeing’s 737 Max crisis jet – and is negotiating a large order for the long version 737 Max 10.

ROUNDUP: Basic agreement on the European air combat system FCAS

BERLIN – Germany, France and Spain have reached a “fundamental agreement” on the multi-billion dollar air combat system FCAS after an industrial political struggle. The Ministry of Defense announced on Monday in Berlin that this was the result of intensive and tough government talks. “The aim was always to act on an equal footing and to generate a fair division of the work packages into quality and quantity”, it continued.

ROUNDUP: Eckert & Ziegler benefits from the separation of the radiation division

BERLIN – The radiation and medical technology expert Eckert & Ziegler benefited from the sale of its tumor radiation division in the first quarter. The annual surplus was more than doubled to 13.8 million euros, as the company announced on Monday in Berlin. According to the information, the special income amounted to 6.8 million euros. Eckert & Ziegler had outsourced the tumor radiation equipment business and in a first step sold 51 percent to the Chinese company TCL Healthcare Equipment at the end of March.

Vodafone’s radio tower division Vantage Towers is aiming for stronger growth

DÜSSELDORF – The listed Vodafone radio company Vantage Towers wants to expand its business in the new financial year and generate more money to pay dividends. Sales are expected to climb by up to 5 percent to between EUR 995 million and EUR 1.01 billion, as the company announced on Monday in Düsseldorf. Vantage Towers boss Vivek Badrinath is betting that mobile communications will continue to grow with the new 5G data standard. “The digital transformation in Europe is picking up speed and we play a central role in it,” he said, according to the announcement.

Additional Reports

-OnePlus wants to enter the business with TV sets in Europe -Facebook and Axel Springer agree global cooperation -Telekom boss calls for united Europe in competition with China and the USA -Q-Cells puts more millions into the Solar Valley -Förderbank KfW earns millions – Corona -Help still in demand -Aareal Bank downsizes its board of directors -Lufthansa subsidiary Swiss wants to fly profitably again from summer -VW checks solid cell battery plant in Salzgitter with Quantumscape -Deutsche Bahn offers train drivers’ union GDL 1.5 percent more money -Nord Stream is allowed two kilometers Lay the line in German waters -Rechungshof accuses the federal government in the Wirecard scandal -Delta Air Lines prescribes Corona vaccination for new hires -Eurowings sees a sharp increase in the number of bookings -ROUNDUP: ‘Rail Summit’ in Berlin advises on the intended European tact -Tesla boss in Germany – No talks with state government – Swiss Life pays over $ 77 million in US tax reit -ROUNDUP: More rail in Europe – industry and politics are discussing approaches -EU and USA want to settle the conflict over steel and aluminum imports -Opel mother Stellantis wants to cooperate with Foxconn -ROUNDUP: ProSieben and Sat.1 will be managed by a broadcaster in the future -ROUNDUP / Smoking is getting more expensive: Dispute about the future amount of tobacco tax -ROUNDUP: Tesla boss visits factory construction site in Grünheide -Disneyland Paris opens again for visitors in June -Thyssenkrupp wants to use more scrap in the blast furnace for climate protection -‘Cum-Ex ‘ – Trial against former employees of Maple Bank has begun

Customer note:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha

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