Insights and Stories on Bayer

Sep. 30, 2020 at 6:15 pm CDT

Berlin | Reuters — German drugs and chemical company Bayer announced plans on Wednesday for more than 1.5 billion euros (C$2.34 billion) of cost cuts as of 2024 and said it would take impairment charges on its agricultural business as it battles with low commodity prices. Bayer said that the […]

By Reuters

Sep. 24, 2020 at 6:33 pm CDT

Reuters — Attorneys for Bayer and U.S. consumers suing the company over allegations its Roundup herbicide caused cancer told a judge on Thursday they are continuing to resolve thousands more U.S. cases, improving prospects for its US$11 billion deal to end the litigation. The hearing was a contrast to the […]

By Tom Hals

Aug. 4, 2020 at 7:12 am CDT

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 claiming that its Roundup herbicide caused cancer. The charges stemmed mainly from agreements which attempted to wrap up legal disputes […]

By Ludwig Burger, Patricia Weiss

Jul. 21, 2020 at 7:21 pm CDT

Chicago | Reuters — Bayer launched a pilot program in the United States and Brazil on Tuesday that will pay farmers for capturing carbon in cropland soils, making it the latest agriculture company to capitalize on environmental initiatives. The company seeks to enroll about 1,200 row crop growers in its […]

By Karl Plume

Jul. 20, 2020 at 5:10 pm CDT

Reuters — Bayer AG failed to persuade a California appeals court to overturn a verdict favouring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by 74 per cent, to US$20.5 million. The decision by the California Court of Appeal came […]

By jonathan-stempel, Tina Bellon