Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, June 5th. I'm Julie Morgan.

Bear gets a win in court. United says it doesn't need as many workers as

previously thought and job cuts at Nike have reached the Netherlands.

A Philadelphia court on Tuesday slashed a 2.25 billion

dollar verdict against Bayer in the case of a man who said he developed cancer from

exposure to the company's roundup weed killer.

Instead of 2.25 billion, the judgment is now 400 million dollars.

Bayer owned Monsanto will now be required to pay $350 million in punitive damages and

slightly more than 50 million in compensatory damages in the case according to the

court documents. The company said it continues to disagree with the ruling on the liability verdict

and will seek an appeal at the Superior Court of Pennsylvania.

With fewer Boeing aircraft to fly, United Airlines is trimming its staffing needs for the year and will not hire as many workers as previously announced.

According to Reuters, United Airlines is now planning to hire close to

10,000 new employees in 2024 versus earlier plans of as many as 15,000.

Last year, United hired 16,000 new workers. After a cluster of

safety mishaps in early spring, the Federal Aviation Administration initiated an

investigation into United and limited the carrier from

adding more routes to its schedule and discussed other potential options that would

include preventing passengers from flying on new Boeing jets and withdrawing United's ability to approve and

promote pilots to fly on planes made by Boeing's competitors.

At the same time increased FAA scrutiny and difficulty certifying new planes left Boeing unable to complete orders for the max 10.

...