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Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops, Reuters

With drugs pipeline in focus, Bayer seen considering cuts

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Reading Time: 3 minutes Frankfurt | Reuters — Bayer is considering job cuts and outsourcing as part of a wide-ranging review of drug research and development that will last until at least November, a person familiar with the company told Reuters. The prospect of “very tangible changes” contributed to a decision by key board members to extend the contract […] Read more
A soybean plantation in Brazil. Genetically modified soybeans that rely on glyphosate for weed control are planted across the country. (MailsonPignata/iStock/Getty Images)
Crops, Reuters

Brazilian court overturns ban on glyphosate

Reading Time: 2 minutes Brasilia | Reuters — A Brazilian court on Monday overturned an injunction banning products containing the herbicide glyphosate, knocking down a previous ruling that had been set to disrupt the soy planting season set to begin this month. A Brazilian judge ruled last month to halt the registration of new glyphosate-based products in the country […] Read more
(Bayer.com)
Crops, Reuters

Roundup cancer verdict sends Bayer shares sliding

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Reading Time: 3 minutes     Frankfurt | Reuters — Bayer shares plunged as much as 14 per cent on Monday, losing about US$14 billion in value, after newly acquired Monsanto was ordered to pay US$289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer. After the verdict […] Read more
Plaintiff Dewayne Johnson listens as attorney Brent Wisner, not shown, speaks about his condition at trial in San Francisco on July 9, 2018. (File photo: Josh Edelson/Pool via Reuters)
Crops, Reuters

Glyphosate maker Monsanto ruled liable in U.S. cancer trial

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Reading Time: 2 minutes Reuters — A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based herbicides, including Roundup, caused his cancer and ordered the company to pay US$289 million in damages. The case of school groundskeeper Dewayne Johnson was the first lawsuit to go to trial alleging glyphosate […] Read more
(Dave Bedard photo)
Crops, Reuters

U.S. judge allows Roundup-related suits to go to trial

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Reading Time: 2 minutes Reuters — Hundreds of lawsuits against Monsanto Co. by cancer survivors or families of those who died can proceed to trial, a federal judge ruled on Tuesday, finding there was sufficient evidence for a jury to hear the cases that blame the company’s glyphosate herbicide for the disease. The decision by U.S. District Judge Vince […] Read more
(Dave Bedard photo)
Crops, Reuters

With deal to close this week, Bayer to retire Monsanto name

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Reading Time: 2 minutes Frankfurt | Reuters — Germany’s Bayer will wrap up the US$63 billion takeover of Monsanto on Thursday and also retire the U.S. seed and chemical firm’s 117-year-old name. The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday. “Bayer will remain the company name. Monsanto will no […] Read more
Bayer’s wheat breeding station at Pike Lake, Sask., southwest of Saskatoon. (Cropscience.bayer.com)
Crops

Canada clears Bayer’s Monsanto play, with conditions

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Reading Time: 3 minutes Canada’s Competition Bureau says it’s “actively reviewing” BASF’s suitability as a buyer of the crop seed and chemical assets Bayer has to sell to get the bureau’s blessing to buy Monsanto. The Competition Bureau said Wednesday it has an agreement with Bayer to deal with “concerns that the proposed transaction would have significantly harmed competition […] Read more
(Pabradyphoto/iStock/Getty Images)
Crops, Reuters

Bayer wins U.S. nod for Monsanto deal to create ag giant

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Reading Time: 2 minutes Frankfurt/Washington | Reuters — Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about US$9 billion in assets, clearing a major hurdle for the US$62.5 billion deal that will create by far the largest seeds and pesticides maker. Makan Delrahim, who heads the U.S. Justice Department’s (DoJ) antitrust division, said […] Read more
(Bayer.com)
Crops, Reuters

Bayer cuts Monsanto synergy target on divestments

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Reading Time: < 1 minute Bonn | Reuters — Bayer said positive synergy effects from the planned takeover of U.S. seeds and chemical firm Monsanto would be about US$300 million below its previous target because it will sell more businesses than initially expected to get antitrust approval. Bayer CEO Werner Baumann again threw his weight behind the deal, despite higher […] Read more

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