Bayer, owner of Roundup, to invest $5.6 billion in new weed-killing methods
Story Date: 6/18/2019

 

Source: CBS NEWS, 6/14/19


German chemical and pharmaceutical company Bayer says it plans to invest about $5.6 billion over the next decade in developing "additional methods to combat weeds." Bayer became the owner of Roundup when it bought Monsanto last year for $63 billion.  Friday's announcement comes as Bayer is engaged in legal battles in the U.S. in which plaintiffs claim that subsidiary Monsanto's Roundup weed killer caused cancer. Rulings in three cases have gone against it, including a California jury that awarded a couple $2 billion...

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