The German chemical company Bayer suffered a net loss of no less than 2.3 billion euros in the second quarter. The company is under great pressure due to various legal proceedings in the United States regarding glyphosate, it said in a statement.
–
At the end of July, the chemical company set aside another 4.5 billion dollars (about 3.8 billion euros) to cover possible long-term risks of those lawsuits. In 2018, Bayer took over the American company Monsanto and since then Bayer’s legal problems have not ended.
–
Bayer wants to set up a program to settle further lawsuits if the US Supreme Court decides in favor of a complainant or does not respond to the request for a review. The group is confident that the Supreme Court would deliver a ruling favorable to the company.
–
Roundup contains glyphosate, which is “probably carcinogenic” according to the World Health Organization. Bayer rejects that characterization.
–
Bayer reserves another 4.5 billion for Roundup claims
–
–
Free unlimited access to Showbytes? Which can!
Log in or create an account and never miss a thing from the stars.
–
–
:quality(80)/cdn-kiosk-api.telegraaf.nl/bcd11c82-f522-11eb-ad11-0255c322e81b.jpg?resize=150%2C150&ssl=1)
