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Glyphosate, the world’s most widely used herbicide and the active ingredient in Monsanto’s weedkiller Roundup, is the subject of fierce controversy across the globe and is classified by the World Health Organization as “probably” being carcinogenic. After the second US cancer victim in a year won a surprise court victory against Monsanto over the weedkiller on Tuesday, here is the state of play regarding lawsuits and restrictions on the use of glyphosate around the world: […]
FRANKFURT AM MAIN, Germany (AFP) — Shares in German chemicals and pharmaceuticals giant Bayer plunged as markets opened Wednesday, after a second US jury ruled that blockbuster pesticide Roundup — made by recently-acquired Monsanto — causes cancer. The Leverkusen-based group’s stock toppled 11.6 percent to 61.60 euros ($69.88) at around 09:40 am in Frankfurt (0840 GMT), making it the worst performer on the DAX index of blue-chip German shares. On Tuesday a California jury […]
https://youtu.be/rEeEdBlt_OI by Tom Barfield Agence France Presse FRANKFURT AM MAIN, Germany (AFP) — Investors fled shares in German chemicals and pharmaceuticals giant Bayer Monday, fearing a massive damages ruling against one of newly-acquired US firm Monsanto’s flagship products could signal a wave of costly lawsuits. The stock had plunged 11.5 percent to 82.60 euros ($94.47) by midday (1000 GMT), lopping around $10 billion off its market value. A California jury on Friday awarded dying […]
(REUTERS) German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying criticism from some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry. The unsolicited proposal, which includes debt, would be the largest foreign takeover by a German company if accepted. The move, which would eclipse a planned combination of Dow Chemical and DuPont’s agriculture […]
