Mr. Baumann, 60 years old, has served as CEO since 2016 after previously serving as the company's finance chief. His current term was due to expire in April 2024. He led the company's acquisition of Monsanto for $63 billion in 2018, which left Bayer mired in litigation and saddled with about $43 billion in debt.
SpaceX Limits Ukraine's Military Use of Starlink Satellite Business
WASHINGTON-SpaceX has taken steps to limit Ukraine's use of the company's satellite-internet connections for military purposes, a top executive at the Elon Musk-founded company said Wednesday.
SpaceX President Gwynne Shotwell said SpaceX had worked to restrict the country from using Starlink, as the company's satellite-internet business is called, for military purposes.
Abbott Laboratories to Acquire Cardiovascular Systems At Equity Value of $890M
Abbott Laboratories plans to acquire medical-device company Cardiovascular Systems Inc. in a deal that will boost Abbott's vascular disease offerings.
Under the terms, Cardiovascular Systems stockholders will receive $20 per common share at a total expected equity value of about $890 million, the companies said Wednesday.
Twitter Users Say They Can't Post or Send Direct Messages
Twitter Inc. users on Wednesday reported a rash of issues, including being unable to post real-time tweets or send direct messages.
Some users said they couldn't follow accounts, and some said they received a message saying: "You are over the daily limit for sending Tweets." Some said it worked if they scheduled tweets for at least a minute in the future.
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Expected Major Events for Thursday
00:01/UK: Jan RICS Residential Market Survey
05:30/NED: Jan CPI
07:00/GER: Jan Provisional CPI
07:00/ROM: Dec International trade
08:30/SWE: Swedish repo rate announcement
09:30/UK: 4Q Mortgage and landlord possession statistics
09:30/UK: 4Q Mortgage Arrears and Possessions data
10:00/CYP: Dec Foreign Trade (provisional)
10:00/MLT: Dec International Trade
10:00/LUX: Dec Industrial Production
11:00/POR: Dec International trade statistics
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(END) Dow Jones Newswires
02-09-23 0015ET
