TELETRADER News
6/23/2020, 12:22 PM
(Source: TeleTrader)
Bayer-0.48%
Bayer agrees to $8-10B settlement in glyphosate case - report
German pharmaceutical giant Bayer AG has agreed to settle with the thousands of plaintiffs in the case regarding its glyphosate-based weed killer Roundup in a deal worth between $8 and $10 billion, Handelsblatt reported on Tuesday.
Earlier this week, a federal appeals court in the United States blocked California from requiring Bayer to label the popular herbicide with a cancer warning.
Shares of Bayer soared 5.13% to €71.11 a share at 12:20 pm CET on the Frankfurt Stock Exchange.