Bayer shares jumped on reports the German drugs and chemicals giants could settle thousands of lawsuits over Monsanto's weedkiller for $8 billion.
: Investors reacted positively to reports that Bayer would pay $8 billion to settle 18,400 lawsuits alleging Roundup, a weed killer sold by its subsidiary Monsanto, caused cancer.to resolve all current and future cases, however plaintiffs’ lawyers are demanding at least $10 billion according toA further 5,000 cases have been brought since July, taking total cancer-related lawsuits up to 18,400.
The company maintains that glyphosate is safe, citing regulators and extensive research., and if the move would conclude all the cases in the U.S. He added that the group was “constructively engaging” with a court-ordered process with mediator Ken Feinberg, on cases heard in federal court.Bayer was previously counting on U.S. courts to reverse or soften rulings that have seen plaintiffs awarded tens of millions of dollars each.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bayer, Elanco aiming to reach animal-health deal next week - BloombergGermany's Bayer AG and U.S. drug firm Elanco Animal Health Inc aim to reach...
Baca lebih lajut »
Bayer says next glyphosate lawsuit likely to be postponedGermany's Bayer said the next U.S. lawsuit scheduled to be heard over claim...
Baca lebih lajut »
PG&E shareholders outline possible $15 billion share sale after widlfiresPG&E Corp shareholders are proposing raising $15 billion in equity to fund a pla...
Baca lebih lajut »
Uber lost more than $5 billion in three months, and the stock is getting punishedUber Technologies Inc. shares plunged 12% in the extended session Thursday after the ride-hailing service reported a whopping $5.24 billion loss.
Baca lebih lajut »
Uber loses $5 billion, misses Wall Street targets despite easing price warUber Technologies Inc reported a $5.2 billion loss and revenue that fell short o...
Baca lebih lajut »