Moody's Upgrades Italy's Debt Outlook to Stable; Bayer Faces Setbacks

Moody's has upgraded Italy's debt outlook to stable from negative, leaving the sovereign debt rating at Baa3. This unexpected boost for Prime Minister Giorgia Meloni's government comes amid Bayer facing multiple setbacks. Bayer has been ordered to pay $1.56 billion in a US trial over Roundup weedkiller, and its blood-thinner drug trial was halted, leading to a lowered outlook by Moody’s. The company also faced a $165 million verdict over PCBs in a Seattle school.