NYT: Roundup Maker to Pay $10B to Settle Cancer Suits
Bayer, the world’s largest seed and pesticide maker, has agreed to pay more than $10 billion to settle tens of thousands of claims in the United States that its weedkiller Roundup causes cancer, the company said Wednesday. Bayer, which also makes pharmaceuticals, inherited thousands of lawsuits against Roundup creator Monsanto Co. when it acquired the U.S. agriculture giant in 2018. After three jury-trial losses, shares tanked and sparked a revolt among shareholders angry at Bayer’s management for plunging the company into one of the worst crises in its history with the $63 billion Monsanto acquisition. RELATED STORY: Bayer Hunts...
Read More