U.S. Markets closed
  • S&P 500

    4,173.85
    +61.35 (+1.49%)
     
  • Dow 30

    34,382.13
    +360.68 (+1.06%)
     
  • Nasdaq

    13,429.98
    +304.99 (+2.32%)
     
  • Russell 2000

    2,224.63
    +53.68 (+2.47%)
     
  • Crude Oil

    65.51
    +1.69 (+2.65%)
     
  • Gold

    1,844.00
    +20.00 (+1.10%)
     
  • Silver

    27.50
    +0.46 (+1.69%)
     
  • EUR/USD

    1.2146
    +0.0062 (+0.5101%)
     
  • 10-Yr Bond

    1.6350
    -0.0330 (-1.98%)
     
  • Vix

    18.81
    -4.32 (-18.68%)
     
  • GBP/USD

    1.4102
    +0.0050 (+0.3582%)
     
  • USD/JPY

    109.3470
    -0.0870 (-0.0795%)
     
  • BTC-USD

    48,626.12
    -561.82 (-1.14%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.46 (+2.32%)
     

Bayer reaches $2 bln deal over future Roundup claims

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

Feb 3 (Reuters) - Bayer AG struck a $2 billion deal on Wednesday to resolve a class action of future claims relating to allegations that its widely used weedkiller Roundup causes cancer, according to U.S. attorneys.

Bayer has been struggling to finalize the settlement of claims that Roundup and other glyphosate-based herbicides cause cancer. Bayer inherited the business and the litigation as part of a $63 billion acquisition of Monsanto in 2018.

The company has said the weedkillers are safe and that studies and health regulators have deemed glyphosate is not carcinogenic to people. (Reporting by Tom Hals in Wilmington, Delaware; Editing by Bill Berkrot)