Chemicals giant Bayer has announced a second-quarter net loss of €9.5 billion. A big change from the same period last year when it racked up €400 million in profit.
The German company has agreed to settle nearly 100,000 lawsuits alleging its Roundup herbicide causes cancer. While the deal is a major relief for Bayer, will it be enough to end the company's Monsanto nightmare?
US plaintiffs are pursuing the German giant over claims its glyphosate-based weed killers cause cancer. Talks have been ongoing for more than a year.
Ever since the German chemicals giant took over Monsanto, it's been fighting a battle to manage the US firm's legacy issues. Bayer's settlement with US plaintiffs is not the end of its troubles, says DW's Henrik Böhme.
The German chemical giant has agreed to settle a class action over charges that its Monsanto unit misled consumers about the safety of its weedkiller Roundup. It contains glyphosate, which has been linked to cancer.
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