Plus   Neg

Bayer Confirms Progress In Mediation Talks To Resolve U.S. Weed Killer Lawsuits

As per a Bloomberg report, Bayer AG (BAYZF.PK,BAYRY.PK,BYR.L) has reached verbal agreements to resolve most of the weed killer lawsuits. The shares of Bayer AG were up 8% in pre-market trade on Monday in XETRA trading as the company confirmed that it made progress in the mediation talks. The company is likely to make the announcement following the Board approvals of the settlements.

Bayer AG was facing around 125,000 U.S. cancer lawsuits related to the use of the glyphosate-based Roundup herbicide.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT