No announcement yet.


  • Filter
  • Time
  • Show
Clear All
new posts

  • Bayer

    did not know where to stick this its not pollical but it is a market drivers o here goes we all can comment on this --------------dave-----------------Investors flee Bayer after second glyphosate trial blow

    The verdict was the second major defeat in US courts for Monsanto in cases related to its Roundup weed killer within the space of a year (AFP Photo/Robyn Beck)
    Frankfurt am Main (AFP) - The threat to German chemical giant Bayer and subsidiary Monsanto from US litigation swelled Wednesday, when its share price plunged after a jury ruled weedkiller Roundup was a "substantial factor" in an amateur gardener's cancer.
    A wave of lawsuits has put pressure on Bayer since its $63-billion takeover of Monsanto last year, spooking investors who worry damages payouts could quickly mount into the billions if the firm fails to convince courts its product is safe.
    Chief executive Werner Baumann said last month the company faced a total of 11,200 US cases over Roundup and its active ingredient glyphosate, a herbicide key to Monsanto's business model that has come in for intense scrutiny around the world.
    That mass of lawsuits meant markets shuddered after a federal court finding Tuesday that Roundup was behind the non-Hodgkin's lymphoma suffered by 70-year-old Edwin Hardeman, who used the product for decades on the garden at his California home.
    The second major legal setback in a year set the Leverkusen-based group's stock ebbing well into Wednesday trading after an initial plunge.
    By 11:20 am in Frankfurt (1020 GMT), the shares were trading down 13.2 percent at 60.53 euros ($68.71), dragging down the DAX index of blue-chip German shares.
    Since the merger was completed, Bayer's stock has shed almost 40 percent of its value.

  • #2
    some people can't read, much less read labels, yet hired to do yard work with the chemicals....

    "sort'a" like dicamba issures...

    NOW who will be using this product, even if it isn't as potent as it used to be:

    I buy it you use it!


    • #3
      paraquat is on the way of dicamba here it very volatile on hot days------------------------dave


      • #4
        we will be busted down to farming with a ho,,,,,,, i mean a hoe eventually..... at least e c i won't have to invest in another hagie


        • #5
          I know who is driving this deal now --its like one of those Rush Limbal conspirer theory's --- its the illegals causing those people to sue Bayer so the might have a chance at receiving hand work that the farmers do not like to do-------------------------------dave


          • #6
            Bayer may be wishing they would have looked at Monsanto the law suites may never cease---------------------------------dave


            • #7
              Never understood people blaming food production for their illness when as farmers we applicate oz's per acre with GPS and calibrated equipment keeping records of wind direction and speed temperature and time day. While lawn chemicals are applied by people using rubber boots and firehoses applying ?X the recommended rates.
              Don't get tripped by what's behind you


              • #8
                in another article, Bayer knew in advance, so funds were set aside for some court cases.