Calls that. Im going to off as well come its a big day today for one of europes largest ally and tons of shareholders gathered today to vote on a 9000000000 euro taxpayer rescue package the bailout would see the German Government take a significant stake in the airline supporters of the deal were boosted on wednesday when loved ones us largest single shareholder havent tina revealed he would support the deal that could bring loved ones of back from the brink of bankruptcy its full of tons of the coronavirus pandemic has been a nightmare barely anyones flying belly anyones wanted to fly and the outlooks not much better left hands is main source of profit is its Business Class but with Video Conferencing getting ever more popular even thats facing an uncertain future so natanz it has agreed a potential government aid package. In exchange for 9000000000 euros in help the german state is expecting a 20 percent stake in the National Carrier and it wants an option for a blocking minority of shares empowering it to veto any attempt to takeover the airline under pressure from the competition watchdog live turns or will also have to surrender 20 for takeoff and landing slots in frankfurt and munich and there will be job cuts to affecting all departments cabin crew ground staff and pilots its of cities will also be affected german wings has been permanently grounded Austrian Airlines euro wings and Brussels Airlines will also take a hit left turns and needs help to get off the ground again but even when air travel properly restarts germanys long time leader will never be as it was. For that im now joined by our financial crossfire Chelsea Delaney in the frankfurter also the annual meeting has started is it all done and dusted. Nothing is set in stone yet the meeting has just started the voting hasnt started yet but it does look pretty good for this vote the change of position from the largest shareholder. I really did make this a much more likely to get approval today he has about a 15 percent stake in the company so he does really have the ability to make or break this vote shareholders are still arent exactly excited about this they recognize that the 20 percent stake that the German Government is going to get about is going to dilute the value of their own shares and theres also a lot of concern about what it would mean to have the German Government as the largest shareholder the German Government has said that they dont really plan to to use that power but theres still a lot of anxiety about what this could mean for Corporate Strategy and things like that and just before we came on here we did see a headline that ryanair and one of europes largest budget carriers is going to be challenging this this bailout in court they see it as a legal status theyve been very vocal about this we dont really know how thats going to play out but europe has suspended its state some of its rules around state aid. And what the legal challenge that theyre really putting out there its kind of uncertain but that could also be a potential stumbling block Going Forward why is the German Government spending 9000000000. 00 euros and more importantly what will the german taxpayer. The German Government isnt really trying to make money off of this they are going to be buying the shares at a pretty reduced rate so if they do sell them back in a few years and the stock prices are covered they could make some money but they really see this as as core to protecting the German Economy and protecting german businesses the economy minister has described as part of the german state silver so they do see it as a pretty crucial part of the broader landscape for the German Economy and times also is a really big employer here in germany it employs about 75000. 00 people so its also really crucial from from a childs perspective. Financial correspondent shows the delay in frankfurt that thank you lets take a look now at some of the other stories making headlines around the world india is planning a massive Coronavirus Survey of the entire population of the capital delhi thats nearly 30000000 people really has become the worst hit city in india with more than 17000 cases india as a whole confirmed recording creasing cope with 19 deaths in the last 24 hours. Russians begun voting on constitutional reforms that would allow president Vladimir Putin to stay in power until 2036 putin proposed the changes in january and they were swiftly adopted by all of the kremlin critics say the reforms will effectively make putin president for life. German Financial Service provider why a card has filed for insolvency earlier this week the company disclosed that almost 2000000000 euros vanished from its books former c. E. O. Was arrested been released on bail while being investigated for fraud. Its the news that buyer shareholders have been awaiting the company has reached a 10900000000. 00 settlement to close up the bulk of american lawsuits alleging its roundup causes cancer by a hoax the deal can finally remove a burden thats weighed on its share price for the past 2 years. The son wipes 3 quarters of the 125000 ongoing and potential lawsuits off the table according to buyer. It struck the agreement to end a financial nightmare which began with its purchase of u. S. Crop science giant monsanto a takeover the does prove more costly than anyone could have imagined 2 months after the acquisition in 2018 by a landed in court as the new owner a man whod used monsantos herbicide roundup or contracted cancer he accused the company of downplaying the weed killers risks a string of cases followed with by a losing one after the other round up with its active ingredient life as it is normally used in agriculture but monsanto also promoted its best seller as a weed killer for garden sports fields and parks as well the herbicide has never been classified as carcinogenic by the u. S. Environmental Protection Agency e. P. A. And that was the main pillar of bias defense but judges and juries consistently saw it differently buyers knew subsidiary was threatening to topple it into bankruptcy the german companys shares have plummeted since the takeover in march this year buyers market capitalization had been hard. Major shareholders were piling on the pressure to get the problem sorted fast the 10800000000 dollars settlement may help to do that meanwhile buyer and u. S. Regulators still insist that roundup does not cause cancer when used correctly and on monday a California Court ruled that roundups instruction leaflet does not have to carry a warning that it could cause cancer. Well for more that im now joined by John Roundtree exist for teaching consultant for the pharmaceutical industry and joins us from london close to 11000000000. 00 thats a rather hefty price tag does it finally solve buyers inherited lifes a problem. I dont think so i think this is the beginning now they needed to have something to resolve all this litigation uncertainty they have now got it but its still there still are still selling round up this thing wont go away until there is some change to this company it was a bad deal when they did it even without the litigation the argument for Life Sciences pretty hungry cultural chemicals and farming together was then they over leveraged in Farmer Industry you need to be innovating and investing and bolt on acquisitions that doesnt fit with the scale based leverage model in. This is time now to provide to move on so im very pleased that our is now able to do the things that it should have done over the last few years johnny said time to move on for bio but this deal only covers all lawsuits in the United States does bias still have to deal with similar problems elsewhere maybe. It could do this you know that the law system has a strange way of finding you and i think its fair to say that by underestimated the power of the u. S. Legal system in a way they went to court 1st lost a few and by the time they lost a few cases in court it was basically all and anything can happen and you know you may find other parts of the world are no lawyer of that these things dont go away the brand is now toxic. The round up is probably scientifically safe but certainly virus claim and certainly from a science point of view it looks fine however thats not the same as a legal system and people looking for money. You mentioned earlier about do you actually say that there causation of monsanto was a huge mistake for. Im proud i do say that i mean hindsight is wonderful you can look at the harvick of the share price and say it was a bad deal thats easy to say but i think structurally and i remember saying this at the time they announced in may of 2016 its now 4 years since that happened they didnt close it for 2 years i knew it was going to be a distraction for the top management it was and even without the litigation youre talking about different businesses youre talking about does the Corporate Group structure a value question mark its not its never been a good deal you could have argued for it on the basis of some scaling back but in aggregate of course its a different business and if theyd done something more creative if props on it out like they did with some Specialty Chemicals earlier on but some focus around that perhaps they could have made it work but trying to keep this massive conglomerate think going with those 2 businesses was always going to be a tough one to execute and sadly hound executed John Rountree of the Consulting Firm never sector limited thank you very much for this insight. Now lets bring up to speed with some other developments relating to the coronavirus pandemic germany is to contribute some half 1000000000 euros to the World Health Organization this year the countrys highest ever contribution it will help replace some of the funds lost with the withdrawal of the us from the w. H. O. Australias 2nd biggest city melbourne has started a testing blitz and 10 districts designated as hot spots Health Workers are going door to door to provide tests to more than 100000 residents and in the netherlands the government has announced significant relaxation of measures high schools are reopening sports fans can return to stadiums and sex workers can resume their trade for. Some football news now liverpool are one step closer to clinching their 1st English League title since 1900 thats after beating Crystal Palace 4 nil on wednesday liverpool could become champions if Manchester City fail to win at chelsea today if sorry when your glorious men could finish the job with a victory in their next match little pool of a 20 point lead over their rivals and a league title would put an end to their 30 year worked in the list amid how much of this he wanted. This team really wanted and want to. Fulfil their wishes of people really were all a common dream and we have to work for it. That. Paris has reopened for visitors after its pandemic closure but theres a bit of a catch lifts remain out of action because theyre. So determined visitors have to take the stairs. To a distance of course. Hope to get operations fully back to normal later in the summer for the time being that magnificent view from the top. And some more travel advice South African authorities have urged water sports enthusiasts to be cautious following recent sightings of great white sharks in the indian ocean east of cape town this drone footage shows a very close. Circles and unsuspecting and several surface in just 2 metres of water and. Appears to spot the creature and raise the. Turns. Away. And scary this is the w. News here is a reminder of all the top story at this hour look tons of employees are demonstrating against cost cutting measures ask shareholders vote today on a 9000000000 euro bailout package joppa natural during a pandemic has put the company in as risk of bankruptcy. In the state of the news and god help us and ill be back at the top of the alt dont forget you can get all the latest news on the websites that steve w. Dot com and also do follow us on instagram all twitter thanks for. Combating the corona pandemic. Where does research stand. What are scientists learning. Background information and news. Our corona update. Covert 19 special next on d w. In the un climate change. Summit there soon