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Stocks gain...Monsanto seeks to throw out award...Spotify sued

September 19, 2018

NEW YORK (AP) — Stocks are higher as gains in financial companies outweigh losses elsewhere in the market. Bond yields climbed to the highest level in four months, sending bank shares higher and weighing on utilities and other high-dividend payers. Energy stocks rose along with crude oil prices. Homebuilders declined following a mixed batch of housing data.

SAN FRANCISCO (AP) — Agribusiness company Monsanto has asked a San Francisco judge to throw out a jury’s $289 million award to a former school groundskeeper who said the company’s Roundup weed killer left him dying of cancer. Attorneys for Monsanto said in court documents that DeWayne Johnson failed to prove that Roundup or similar herbicides caused his non-Hodgkin’s lymphoma.

BRUSSELS (AP) — European authorities say they have opened a preliminary antitrust investigation into Amazon over the e-commerce giant’s treatment of smaller merchants on its website. The EU’s competition commissioner says she wants to examine how Amazon uses data it gathers through transactions, including those involving rival sellers, on its platform.

NEW YORK (AP) — A former sales executive is suing Spotify for gender discrimination and equal pay violations, saying executives organized “boys’ trips” that excluded women and that the company paid men more for the same work. The executive, Hong Perez, sued the music streaming company and its head of U.S. sales, Brian Berner, in New York State Court. Her lawsuit states Berner was not the only executive who was dismissive of women, and cites men-only strip club visits as an example.

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators are investigating whether FanDuel’s sports book at the Meadowlands Racetrack should pay out more than $82,000 to a man who was given exorbitant odds for the Denver Broncos to win Sunday against the Oakland Raiders. Anthony Prince of Newark made his bet and was handed a ticket at incredible 750-1 odds with about a minute left in the game. Denver kicked a field goal with 6 seconds left to win 20-19. FanDuel says its system malfunctioned and it is not obligated to pay out on an obvious error.

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