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Monsanto

Monsanto

Farms Can’t Save the Planet

In late June, overlooked amid pandemic, economic crisis, and protest headlines, a bipartisan cohort of United States senators introduced a bill to establish a U.S. Department of Agriculture, or USDA, certification program, helping farmers and forest landowners participate in carbon credit markets. The bill’s sponsoring politicians ranged from Rhode Island…
bubmag
August 7, 2020
Monsanto

Bayer: Solid performance despite COVID-19 impact

Leverkusen, August 4, 2020 – The Bayer Group’s businesses turned in a solid performance in the second quarter of 2020 despite the COVID-19 pandemic and the associated uncertainties. “Thanks to the growth in our agricultural business, we raised EBITDA before special items – and we did so in a challenging…
bubmag
August 4, 2020
Monsanto

California cities: Monsanto settlement to fund water cleanup

LOS ANGELES (AP) — Major California cities say they’ll use their share of a $650 million settlement to clean up the now-banned chemical PCB from bays, lakes and other waterways polluted for decades.The giant chemical company Monsanto announced a tentative agreement Wednesday with government entities that had filed suit since…
bubmag
June 25, 2020
Monsanto

Bayer inks largest settlement in pharma history with $10B Roundup deal

Bayer volunteered for quite a headache with its 2018 pickup of Monsanto and weedkiller Roundup, what with lawsuits piling up and investors chomping at the bit. Now, it's looking to relieve the pain of that multibillion-dollar legal overhang with an enormous deal to escape the Roundup litigation.  Bayer will dole out between $10.1 billion…
bubmag
June 24, 2020
Monsanto

Baron & Budd Leads $743 Million National Resolution of Environmental PCB Claims Including Nationwide Class Settlement Between Governmental Entities and Monsanto

SAN DIEGO--(BUSINESS WIRE)--Today, the national law firm of Baron & Budd, P.C. announced a proposed nationwide class action settlement with Monsanto Company, Pharmacia, LLC, and Solutia, Inc. for $648 million, resolving national PCB water contamination claims for a proposed class of 2,528 governmental entities, and includes attorneys’ fees and costs.…
bubmag
June 24, 2020
Monsanto

Bayer close to glyphosate settlement worth $8-10 billion

BERLIN (Reuters) - Bayer AG is close to agreeing a settlement worth $8-10 billion over claims its glyphosate-based Roundup weedkiller causes cancer, German business daily Handelsblatt reported on Tuesday.The company's supervisory board was due to discuss and vote on the settlement, which includes a $2 billion buffer for future claims,…
bubmag
June 23, 2020
Monsanto

U.S. Court Nixes Cancer Warning on Bayer’s Roundup Weed Killer

A U.S. federal appeals court on Monday blocked California from requiring that Bayer AG label its glyphosate-based weed killer Roundup with a cancer warning, handing the company a victory in its ongoing litigation over the product. In his ruling, U.S. District Judge William Shubb called California’s cancer warning misleading and…
bubmag
June 23, 2020
Monsanto

Bayer scraps U.S. plans to produce crop chemical blocked by court

FILE PHOTO: The logo of Bayer AG is pictured at the facade of the historic headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, April 27, 2020. REUTERS/Wolfgang Rattay/File PhotoCHICAGO (Reuters) - Bayer AG said on Tuesday it will scrap a nearly $1 billion project to produce the…
bubmag
June 17, 2020