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Bayer, which said it disagreed with the decision and was considering its legal options, has cited regulatory rulings as well as scientific studies that found glyphosate to be safe. The firm is appealing a first U.S. court ruling that awarded $78 million in damages to a school groundskeeper from California. “Bayer disagrees with the decision taken by the Administrative Court of Lyon to cancel the marketing authorization for RoundUp Pro 360,” it said in a statement. “This product formulation, like all crop protection products, has been subject to a strict evaluation by the French authorities (ANSES), an independent body and guarantor of the public health security.”.
Glyphosate, which is off-patent and marketed worldwide by dozens of other chemical groups including Syngenta and DowDuPont’s Corteva Agriscience, is due to be phased out in France within three years under a pledge by President Emmanuel Macron, who stopped short of an outright ban, The French court personalized cufflinks with picture said ANSES had not respected a precautionary principle in French law, notably by not conducting a specific evaluation of health risks for Roundup Pro 360, “Despite the European Union’s approval of the active substance (glyphosate), the court considered that scientific studies and animal experiments showed Roundup Pro 360 ., is a potentially carcinogenic product for humans, suspected of being toxic for human reproduction and for aquatic organisms,” the court said in a summary of its ruling..
Bernstein analysts said in a note that the financial impact on Bayer of banning RoundUp Pro 360 in France would likely be limited, given it concerned one product in a market for glyphosate-based weedkillers worth around 40 million euros. The World Health Organisation’s cancer agency concluded in 2015 that glyphosate was probably carcinogenic, an assessment cited by the French court in Tuesday’s ruling. ANSES said it was still examining the court ruling, but that the decision was effective immediately.
“As a consequence, the sale, distribution and use of RoundUp Pro 360 are banned as of today,” the agency said in personalized cufflinks with picture an email, “This is a great first, which must be repeated,” Corinne Lepage, a former French environment minister and member of environment association CRIIGEN that brought the court case, said of the ruling on Twitter, The association had also contested the process by which the EU renewed the general license for glyphosate, seeking a referral to the European Court of Justice, but the French administrative court said such action was not necessary..
(Reuters) - UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, beat Wall Street estimates for fourth-quarter profit on Tuesday, driven largely by growth in its Optum services business, including its pharmacy benefits unit. UnitedHealth maintained its previous profit forecast for 2019 adjusted earnings of $14.40 to $14.70 per share, and said higher than expected medical costs in the fourth quarter were limited to states for which it manages their Medicaid benefits, the government program for low income Americans.
“I don’t want to overplay Medicaid here, We have a short-term issue that will take us a little bit of time to work our way out of,” Chief Executive David Wichmann told analysts on a conference call to discuss the results, That eased Wall Street worries that medical services utilization might be on the rise broadly for insurers, and helped push UnitedHealth and rival insurer shares higher, Evercore ISI personalized cufflinks with picture analyst Michael Newshel said, The company is the first to report earnings for the sector..
UnitedHealth shares rose 2.8 percent, or $6.91, to $254.97. Anthem Inc (ANTM.N) gained 2 percent to $260.16 and Cigna Corp (CI.N) rose 1.6 percent to $195.14. “Usually United reporting has an influence on the sector, and they did have a good quarter, so that could be why the sector is up today. We thought there were a lot of bullish points,” Piper Jaffray analyst Sarah James said. Analysts said the company’s medical care ratio - the percentage of premiums paid for medical services - of 82.2 percent in the quarter fell short of their estimates.
However, the company earned $3.28 personalized cufflinks with picture per share excluding items, exceeding analysts’ average expectations by 7 cents, according to IBES data from Refinitiv, Total revenue rose about 12 percent to $58.42 billion in the quarter, topping Wall Street forecasts of $58.01 billion, UnitedHealth reported $27.56 billion in revenue from its Optum unit, a 13 percent rise from last year, Optum is UnitedHealth’s fastest-growing unit, but is set to face tough competition this year after rivals Cigna and Aetna Inc AET.N combined with Optum’s two largest rivals, Express Scripts Holding EXRX.O and CVS Health Corp (CVS.N), respectively..