market correspondent joins us now and germany's financial hub frank conrad life and crop science make up a big part of biased business how big is the damage in terms of lost trust. it's enormous monika share price of buy a has around about hov since the takeover of one santo was first announced in twenty sixteen and the largest part of those losses has occurred since last august when we had this first court case in the united states where buyer was sentenced to bait to pay damages because of life or saved and you know in this case now in san francisco we shouldn't forget that this is called a bellwether case which means that we're not only talking about this one man we're talking about more than seven hundred more cases that the judge in san francisco has on his table and all those cases can proceed now more easily ok call it was in there in frankfurt thank you so much well what could such a verdict mean for agricultural biotechnology as a whole after all the world must be fed right now the five biggest cities in the world all in asia and they keep growing let us all the food is suppo

and let's go now to our financial correspondent frank for conrad we often talk about young tech firms i.p.o. ing this is a one hundred sixty six year old denim companies so what's going on here. yes of course the valuation of levi's it's much smaller than for some of those you know hyped tech companies but the comparison of levi's this very old company with the tech sector is less far fetched than one might think you know last year levis managed to increase its revenues fourteen percent which is quite impressive and levi's is also a very global company many of those blue jeans and other levi's branded products all american products made in china and you know the u.s. is also a brand with appeal to a global community just like apple almost say these which means that levi's also in terms of marketing has to go go global and this is exactly what the company wants to do with the money from this i.p.o. it wants to build an omni channel global distribution network with both a physical presence in shops and online and i would say this is it is a very modern a very up to date approach to busi

for more let's bring in our financial correspondents and they are hanging in singapore and conrad and frank third starting with you andrea what's that study mean for singapore. well this means that we will see increased competition between the u.s. and china of course and that is going to spell a very robust marketplace that singapore will want to be a part off now this competition among the exchanges is going to attract new economies and most of these new economies are going to come from the tech sector and that is definitely a market that singapore will want to tap into now on that list on the same list of rankings singapore is placed seventh and that means it has successfully and slowly being grooming its position and its appeal to the tax issue was globally. pretty much the same question for you where does this study leave frank food if you don't want to already know frankfurt is losing interesting i.p.o. can the two of the stock exchanges for example nasty back which has to do with the fact that american investment banks have become very active here in germany while you know our invest