bayer
The German pharmaceutical and agrochemical company Bayer must pay significantly less in damages related to the glyphosate-based weedkiller Roundup, after the latest court ruling in the long-running case. A court in Philadelphia reduced the damages awarded to the plaintiff by a jury from $2.25 billion (€2.1 billion) to $400 million (€367.5 million), court documents revealed late on Tuesday. This was the highest amount of damages since the Roundup weedkiller litigation began in 2018, but Bayer announced that it would appeal. The company said the court had reduced the "unconstitutionally high" da...
DPA Breaking News
Net income at German pharmaceutical and chemical giant Bayer declined to €2 billion ($2.16 billion) or €2.04 per share in the first quarter, down from €2.18 billion or €2.22 per share in the same quarter last year, the company reported on Tuesday. Bayer said core earnings per share from continuing operations for the first quarter decreased to €2.82 from last year's €2.95, mainly due to the decline in earnings at its Crop Science Division. Group sales were €13.77 billion in the first quarter of 2024, showing a decline of 0.6% on a currency- and portfolio-adjusted basis and a decline of 4.3% on ...
DPA Breaking News
An alliance of six civil society organizations concerned about certain products made by German chemical and pharmaceutical group Bayer have submitted a complaint to the Organization for Economic Co-operation and Development (OECD). The alliance on Thursday singled out Bayer's genetically modified seeds to help farmers grow crops, such as soybean, as well as the weedkiller glyphosate, the active ingredient in Roundup. It charged that Bayer promotes an agricultural model that leads to food insecurity, water scarcity, extreme deforestation, health hazards and land conflicts at the expense of indi...
DPA Breaking News
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