Reuters — Activist investor Bluebell Capital Partners has built a stake in Bayer AG and is pushing for a breakup of the German pharmaceutical and agriculture company, Bloomberg reported on Tuesday, citing sources. U.K.-based Bluebell is also seeking an overhaul of Bayer’s corporate governance, the report added. A Bayer spokesperson, who declined to comment on […] Read more
Activist investor reported building stake in Bayer, seeking breakup
Bayer up for 'constructive dialogue'
Bayer’s agriculture unit, consumer health drive outlook hike
Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
Bayer, BASF win new trial on damage award in U.S. dicamba suit
Reuters — Bayer and BASF have won a new trial on US$60 million in punitive damages they were ordered to pay a Missouri peach farmer who said dicamba, a herbicide they produced, drifted onto his orchard and harmed his crops. The Eighth U.S. Circuit Court of Appeals found that a federal jury was wrongly told […] Read more
U.S. Supreme Court again nixes Bayer challenge to weedkiller suits
Washington | Reuters – The U.S. Supreme Court on Monday rejected another Bayer AG BAYGn.DE bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower […] Read more
U.S. Supreme Court rejects Bayer bid to toss Roundup suits
Washington | Reuters — The U.S. Supreme Court on Tuesday rejected Bayer’s bid to dismiss legal claims by customers who contend its Roundup herbicide causes cancer as the German company seeks to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower court decision that […] Read more
Bayer rolling out short corn variety tolerant of weather extremes
Reuters — Global farm chemicals and seeds maker Bayer will launch a corn variety in the United States next year that it says will better tolerate heavy winds associated with climate change, estimating future sales in North America as high as one billion euros. The corn, which grows one-third shorter than current varieties, will be […] Read more
Link broken in glyphosate supply chain, Bayer says
Company provides heads-up on 'force majeure event'
No one is yet using the word ‘shortage’ but farmers may need to get ready for less Roundup temporarily, following a “force majeure” event at a plant supplying an ingredient in the recipe for glyphosate. Bayer, the chemical company whose Roundup brand remains the best known of the glyphosate herbicides, reported as much in an […] Read more
U.S. EPA reviewing dicamba over crop damage claims
Chicago | Reuters –– The U.S. Environmental Protection Agency is assessing whether dicamba herbicide can be sprayed safely on soybean and cotton plants genetically engineered to resist the chemical, without the procedure posing “unreasonable risks” to other crops, an agency official said Tuesday. Farmers and scientists for years have reported problems with dicamba drifting away […] Read more
Supreme Court asks U.S. government for views on Roundup case
Washington | Reuters — The U.S. Supreme Court on Monday asked President Joe Biden’s administration for its views on whether the justices should hear Bayer’s bid to dismiss claims by customers who contend its Roundup herbicide causes cancer, as the company seeks to avoid potentially billions of dollars in damages. Bayer in August filed a […] Read more
Bayer wins second straight verdict in a Roundup cancer case
Plaintiff's settlement demands unreasonable, company said
Reuters — A California jury found that Bayer’s Roundup herbicide was not the cause of a woman’s non-Hodgkin’s lymphoma, Bayer said on Thursday, delivering the chemical giant its second trial victory over claims the popular herbicide causes cancer. The jury in San Bernardino County found that Donnetta Stephens’ cancer was not caused by her exposure […] Read more
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