Bayer pays out $15.9b to settle Roundup cancer claims | ABC News

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Global pharmaceutical giant Bayer will spend up to $US10.9 billion ($15.87b) to settle thousands of lawsuits alleging the company’s weedkiller, Roundup, causes cancer. The Germany-based company, which bought Roundup maker Monsanto two years ago, said the settlement would cover about 95,000 cases.

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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In This Story: Bayer

Bayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world.

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In This Story: Bayer AG

Bayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world.

Stock tickers: ( FWB: BAYN, DAX Component)

Founded in Barmen in 1863 as a dyestuffs factory, Bayer’s first and best-known product was aspirin. The firm controls brands including Claritin, Coppertone and Dr. Scholl’s, and in 2018, it acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion.

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In This Story: Germany

Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.

Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.

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