ROUNDUP 3: Deutsche Bahn wants to stop 64-hour strike - court hearing on Monday

BERLIN - On Monday, the Frankfurt Labor Court will decide in the first instance on the announced multi-day strike by the German Train Drivers' Union (GDL) starting this Wednesday. Both Deutsche Bahn and its competitor Transdev had applied for a temporary injunction to legally stop the union's 64-hour industrial action, the court announced on Monday. However, a ruling in the first instance would not be final. Both sides can appeal to the Hesse State Labor Court. A decision is not expected to be made there until Tuesday.

ROUNDUP 3: Farmers protest nationwide - concern about hijacking by extremists

BERLIN - Farmers' protests against subsidy cuts led to major traffic disruptions across Germany on Monday. At the Brandenburg Gate in Berlin, around 550 demonstrators took part in the protest with a similar number of vehicles, including numerous tractors. In Erfurt, the police counted around 1600 vehicles. In many places there were tractor convoys and temporary blockades of highway ramps. Production was halted at the VW plant in Emden. It was not possible for employees to get to work, said a VW spokeswoman. In some towns, the farmers received support from lorry drivers and tradesmen, for example. Federal Economics Minister Robert Habeck warned against the farmers' protests being hijacked by extreme forces.

ROUNDUP: Bayer receives EU approval for high-dose version of Eylea

BERLIN - Bayer has received approval in the European Union for a high-dose version of the eye drug "Eylea". The European Commission has approved the 8-milligram dose of Eylea for the treatment of wet age-related macular degeneration (nAMD) and visual impairment due to diabetic macular edema (DME), the pharmaceutical and agrochemical company announced on Monday. The move had been expected. Bayer shares rose by half a percent after the start of trading.

ROUNDUP: Qiagen plans to distribute 300 million dollars to shareholders - share price up

VENLO - The diagnostics specialist and laboratory service provider Qiagen intends to distribute 300 million US dollars to its shareholders through a so-called synthetic share buyback. The company announced in Venlo on Sunday evening that an immediate capital repayment would be combined with a reverse stock split. The Annual General Meeting had already given the green light for this in June 2023. In euros, the distribution amount is not to exceed 273 million euros. The share price rose at the start of the week.

ROUNDUP: Evotec receives milestone payment from partnership with BMS - share price up

HAMBURG - The collaboration between the drug discovery and development company Evotec and the US pharmaceutical company Bristol Myers Squibb (BMS) continues to bear fruit. Evotec will receive 25 million US dollars to advance further research, the MDax company announced in Hamburg on Monday. Evotec and BMS have already been working together for several years to find active substances in the field of nerve diseases. Over time, Evotec will receive performance-based milestone payments and tiered license fees up to a low double-digit percentage on product sales. The news was well received on the stock market.

US authorities: Torn-off cabin part of Boeing's broken-down plane found

PORTLAND - The cabin section of a Boeing 737 Max that was torn off during a flight in the USA has been found. A teacher in the city of Portland (Oregon) discovered the part in his garden, Jennifer Homendy of the US National Transportation Safety Board (NTSB) announced at a press conference on Sunday evening (local time). The authorities will investigate the so-called door plug. This is a wall part that is installed at the point where an emergency exit was provided by the manufacturer.

Cabin part torn off in flight - certain Boeings on the ground for the time being

PORTLAND - The U.S. Federal Aviation Administration (FAA) has temporarily grounded more than 170 Boeing 737-9 Max airplanes after a cabin section and window were torn off during a flight. The authority announced on Saturday that immediate inspections of certain examples of this model were necessary, each of which would take around four to eight hours. Only then could the jets return to service. This applies to aircraft operated by US airlines or flying on US territory - 171 aircraft worldwide.

Train drivers' union: optimistic going into court hearings

FRANKFURT - Immediately before the first labor court hearing on the train drivers' strike planned from Wednesday, GDL boss Claus Weselsky has expressed optimism. "We are confident that the law is on our side. We have lawfully raised demands, we have lawfully terminated all collective agreements and are firmly convinced that we will be vindicated by the labor court this time too," he said in Frankfurt on Monday. "Holding a three-day strike is certainly not disproportionate."

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Customer reference:

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

/jha