Items Tagged with 'Werner Baumann'

Lawmakers are getting the ball rolling on another round of disaster assistance, even as much of the West and Plains are baking in drought.

In an attempt to get out from under the cloud of current Roundup-related litigation, Bayer announced Thursday it would stop using glyphosate in lawn and garden formulations in the U.S. starting in 2023.

Bayer will take another look at the use of glyphosate in lawn and garden products, including the possibility of new active ingredients to replace it, the company said in response to a court order rejecting a plan to address potential future Roundup litigation.

Three law firms who represent thousands of plaintiffs in Roundup litigation against Bayer have told the court overseeing the settlement process that they now have agreements with the company, signaling progress is being made to resolve the litigation.

Ambassador Terry Branstad has announced he is stepping down from being the top U.S. representative in Beijing, and Bayer’s supervisory board has extended the contract of Werner Baumann to serve another three years as the company’s CEO.

Bayer touted its settlement of most of the current claims from plaintiffs alleging exposure to Roundup caused their Non-Hodgkin lymphoma, but thousands of cases are still waiting in the wings.

A draft settlement of lawsuits alleging a connection between Roundup exposure and cancer has been agreed to by Bayer and lawyers representing “tens of thousands” of plaintiffs, The Wall Street Journal reported Friday, citing “people familiar with the matter.”

Legal challenges facing Bayer for health concerns allegedly caused by the use of glyphosate more than doubled in the last quarter, the company recently disclosed to investors.

Elanco will become the second-largest animal health company in the world following its acquisition of Bayer’s animal health business in a $7.6-billion deal announced Tuesday by both companies.