(Bloomberg) — Bayer AG’s legal bills to contain the fallout over the weedkiller Roundup keep rising as the German company expects costs of handling future lawsuits to increase to $2 billion from $1.25 billion.The drugs and chemicals maker is far enough along in talks with U.S. plaintiff attorneys to realize that the outlay will be higher than anticipated in June, it said in a statement Tuesday. Bayer also reported earnings and sales that missed estimates as the pandemic hurts demand for key agriculture and pharmaceutical products.The Roundup litigation continues to vex Chief Executive Officer Werner Baumann, who orchestrated the $63 …read more
Source:: Yahoo Finance
