Reuters – Bayer has lost a third appeal against U.S. court verdicts that awarded damages to customers blaming their cancers on use of its glyphosate-based weedkillers, leaving the German drugs […] Read more
Bayer loses third appeals case over glyphosate weedkiller
Bayer takes major writedown, flags Roundup settlement bill
Company writes down agribusiness assets
Frankfurt | Reuters — Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (C$14.2 billion) in […] Read more
Bayer books second-quarter loss after settlement
Frankfurt | Reuters — German drugs and pesticides group Bayer reported a 9.5 billion-euro (C$14.86 billion) net loss for its second quarter, following a US$10.9 billion settlement of U.S. lawsuits […] Read more
BASF says dividends, asset values under review as pandemic bites
Frankfurt | Reuters – Germany’s BASF said on Wednesday its dividend policy and the value of assets on its balance sheet might be revised given uncertainty caused by the coronavirus […] Read more
Court blocks sales of dicamba in U.S.
Bayer says it's seeking new EPA registration for 2021
Updated — Reuters — A U.S. appeals court has blocked Bayer from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an […] Read more
Bayer reporting progress in Roundup settlement talks
Frankfurt | Reuters — Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup herbicide causes cancer, after Bloomberg reported the company reached a […] Read more
Pressure on for Bayer CEO to fix legal problems as chairman quits
Frankfurt | Reuters — The departure of Bayer chairman Werner Wenning will turn up the heat on CEO Werner Baumann to resolve the healthcare to agriculture group’s legal problems, two […] Read more
Bayer considers new tactic in Roundup settlement talks
Reuters — As Bayer tries to settle U.S. lawsuits claiming that its Roundup herbicide causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the […] Read more
K+S cuts output on weak potash demand
Frankfurt | Reuters — German mineral miner K+S will cut production of potash fertilizers, dragging core earnings lower, as a halt imposed by China on potash imports dampens global markets. […] Read more
Elanco to become No. 2 in animal health with Bayer deal
Reuters — Elanco Animal Health agreed to buy Bayer’s veterinary drugs unit on Tuesday in a cash and stock deal valued at US$7.6 billion (C$10 billion), creating the second largest […] Read more