The net effect of the "set aside" is that his renewal has not been
decided. As K1MAN and others have pointed out he retains his right to
operate on his old license until it is decided.

So... I don't think that the "set aside" is the same as a rejection.
They are currently just thinking about what they intend to do. (Well,
really they are thinking about how they intend to do it.) Actually, I
think they are waiting for the FO to become final so they can use it to
justify pulling his ticket.

Once the FO becomes final, then they can use that as justification for
the denial of the renewal. Assuming Baxter hasn't filed the appeal
then I expect this to happen within the next few days.