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Bayer to set aside $4.5B for future Roundup claims - St. Louis Business Journal

Bayer to set aside $4.5B for future Roundup claims - St. Louis Business Journal
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Bayer sees drop in shares amid ongoing weedkiller cases

Bayer shares dropped after a U.S. judge rejected its plan to limit the cost of future class action claims that its Roundup weedkiller causes cancer. ....

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BAYER AKTIENGES ADS (BAYRY), (BAYZF) - Bayer Mulls Ending US Retail Sales Of Weedkiller Glyphosate: Reuters

BAYER AKTIENGES ADS (BAYRY), (BAYZF) - Bayer Mulls Ending US Retail Sales Of Weedkiller Glyphosate: Reuters
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Bayer hit by failure to cap risk from weedkiller cases

4 Min Read
FRANKFURT (Reuters) -Bayer shares dropped as much as 5% on Thursday after a U.S. judge rejected its plan to try and limit the cost of future class action claims that its Roundup weedkiller causes cancer.
The German group called into question the future sale of glyphosate-based products to gardeners in the U.S., and said it would review plans to settle around 30,000 legal claims, after the judge called Bayer’s plan to end years of litigation “unreasonable” on Wednesday.
“We will continue to assess financial risks as we move forward,” finance chief Wolfgang Nickl said in an analyst call, when asked if the estimate of the potential financial burden had been revised. ....

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Bayer Expects Higher Profitability In Coming Years

Bayer Expects Higher Profitability In Coming Years
LEVERKUSEN (dpa-AFX) - Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) said it expects dynamic growth with higher profitability in the coming years and is accelerating its transformation.
Speaking at the virtual Capital Markets Day on Wednesday, CEO Werner Baumann emphasized Bayer s long-term growth perspectives.
The company expects core earnings per share to be between 7.00 euros and 7.50 euros in 2024 based on constant currencies. The free cash flow is set to grow to around five billion euros by 2024. By 2024, net sales are planned to reach 43 billion euros to 45 billion euros.
Sales growth at Bayer is planned to regain momentum in 2021 and further accelerate in the years thereafter. ....

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