Manufacturing

Business

Bayer said it swung to a net loss of $11.23 billion in the second quarter on provisions for its multibillion-dollar settlement with plaintiffs alleging the company’s Roundup herbicides cause cancer, as the German firm slightly lowered its outlook due to the coronavirus pandemic.

The Numbers

For the second time in less than a year, a study of common sunscreen ingredients has established that the chemicals are absorbed into the bloodstream at concentrations far greater than the Food and Drug Administration’s safety threshold.

Business

The chemicals company has agreed to rework the part of its massive settlement with plaintiffs that deals with how future claims over its Roundup weedkiller are covered.

Commodities

Energy giant BP has agreed to sell its petrochemicals business to British chemicals company Ineos for $5 billion, marking the largest deal by an oil major since the new coronavirus was declared a pandemic.

Markets

More than 40% of the companies in the S&P 500 have pulled their guidance, as the coronavirus pandemic has doused U.S. corporations in uncertainty, and their shares together have fallen more than the broader index.

WSJ News Exclusive

The decision to reverse an Obama-era initiative was based on a new analysis that showed the toxic chemical is too rare in public water supplies to require setting a federal limit.

World

A Pakistan International Airlines plane crashes in Karachi, Memorial Day weekend begins as restrictions ease, central Michigan is flooded as dams break and more from The Wall Street Journal’s photo editors.

WSJ News Exclusive

A small city in upstate New York has become the latest place to contend with the disposal of toxic “forever chemicals” that the U.S. military has been trying to destroy, as concerns grow that such chemicals contribute to air pollution.

Oil Markets

Prices are staging a furious comeback from last month’s collapse, lifted by record supply cuts and a pickup in global fuel demand that many investors hope heralds a swift economic recovery.