Reading Time: < 1 minute New York | Reuters — Bayer agreed on Thursday to pay US$6.9 million to settle claims by New York Attorney General Letitia James that it misled consumers by advertising Roundup, which has been linked to cancer, as environmentally safe. The settlement resolves accusations that Bayer and its Monsanto unit failed to substantiate their repeated claims […] Read more
Bayer settles with New York over Roundup safety claims
Company blocked from advertising product as non-toxic
Bayer under investor pressure to speed up CEO changeover
Drug and chem firm's stock in 'crisis of trust,' investor says
Reading Time: 2 minutes Frankfurt | Reuters — A top-10 shareholder in Bayer on Tuesday called on the group’s supervisory board to replace CEO Werner Baumann quickly, adding to investor pressure to restore trust and revive the German drugmaker’s sagging share price. Despite recent improvements in the company’s agriculture business and drug development prospects, Bayer shares have been weighed […] Read more
Activist investor reported building stake in Bayer, seeking breakup
Bayer up for 'constructive dialogue'
Reading Time: < 1 minute Reuters — Activist investor Bluebell Capital Partners has built a stake in Bayer AG and is pushing for a breakup of the German pharmaceutical and agriculture company, Bloomberg reported on Tuesday, citing sources. U.K.-based Bluebell is also seeking an overhaul of Bayer’s corporate governance, the report added. A Bayer spokesperson, who declined to comment on […] Read more
Bayer’s agriculture unit, consumer health drive outlook hike
Reading Time: < 1 minute Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
Bayer, BASF win new trial on damage award in U.S. dicamba suit
Reading Time: 2 minutes Reuters — Bayer and BASF have won a new trial on US$60 million in punitive damages they were ordered to pay a Missouri peach farmer who said dicamba, a herbicide they produced, drifted onto his orchard and harmed his crops. The Eighth U.S. Circuit Court of Appeals found that a federal jury was wrongly told […] Read more
U.S. Supreme Court again nixes Bayer challenge to weedkiller suits
Reading Time: 3 minutes Washington | Reuters – The U.S. Supreme Court on Monday rejected another Bayer AG BAYGn.DE bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower […] Read more
U.S. Supreme Court rejects Bayer bid to toss Roundup suits
Reading Time: 3 minutes Washington | Reuters — The U.S. Supreme Court on Tuesday rejected Bayer’s bid to dismiss legal claims by customers who contend its Roundup herbicide causes cancer as the German company seeks to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower court decision that […] Read more
The latest in herbicides and fungicides for 2022
More active ingredient combinations offered to control resistant weed biotypes
Reading Time: 5 minutes As weeds and diseases continue to evolve and overcome the active ingredients and modes of action of different herbicides and fungicides, the chemical industry must evolve to keep pace. The research and development challenges are considerable — it can take more than 10 years to bring a new product to market, and cost nearly $300 […] Read more
Bayer rolling out short corn variety tolerant of weather extremes
Reading Time: 2 minutes Reuters — Global farm chemicals and seeds maker Bayer will launch a corn variety in the United States next year that it says will better tolerate heavy winds associated with climate change, estimating future sales in North America as high as one billion euros. The corn, which grows one-third shorter than current varieties, will be […] Read more
Link broken in glyphosate supply chain, Bayer says
Company provides heads-up on 'force majeure event'
Reading Time: 2 minutes No one is yet using the word ‘shortage’ but farmers may need to get ready for less Roundup temporarily, following a “force majeure” event at a plant supplying an ingredient in the recipe for glyphosate. Bayer, the chemical company whose Roundup brand remains the best known of the glyphosate herbicides, reported as much in an […] Read more
A message from April Stewart, Country Guide's Associate Editor
