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Bayer said it will pay between $10.1 billion and $10.9 billion to resolve all current lawsuits, including $1.25 billion set aside for future claims handled as part of a class action lawsuit. It estimated there are still about 30,000 current cases yet to be settled. Column: Coronavirus relief briefly saved millions from poverty, but they’re slipping back down. High-stakes college recruitment goes virtual, and it’s no fun thanks to Zoom fatigue. Shares have slumped from a high of around 73 euros since the June settlement announcement. Back in July I wrote about an agreed-upon settlement on many of the current and potential future lawsuits surrounding the use of Roundup™. The Roundup agreements will resolve 75% of about 125,000 claims that have either been filed or were set to be filed, the company said in a statement. And, he said, Bayer’s management team may not be safe. NYC’s Falling Rents Reflect Economic Pain. REUTERS/Mike Blak, California Do Not Sell My Personal Information Request. Lawyers representing some of the Roundup users who declined to settle their claims vowed Wednesday to continue bringing cases to trial. Disney says she’s ‘misinformed’. Hearings on the Supreme Court nominee concluded Thursday after four days of sharp, but civil, partisan disagreement. No more high school visits or big gatherings as college recruiters, like everyone else, turn to Zoom. Still, given the Roundup settlement’s hefty price tag, investors may continue to question whether the Monsanto takeover will ever be worth what Bayer paid, Markus Mayer, an analyst at Baader Bank, said via email. A federal judge ruled this week that California officials can’t force companies to place warning labels on glyphosate-based products. Still, the cost of resolving most of the litigation will slow the company’s ability to pay down debt, Moritz Melsbach, an analyst for Moody’s, said in a statement. The loss of thrills, laughter and magic. U.S. stock indexes erased much of their early losses and closed modestly lower Thursday, extending the S&P 500’s losing streak to a third day. Settlements have been reached with each of the lawyers who took cases to trial. In the Roundup settlements, Bayer executives said the deal shouldn’t affect its credit rating or dividend policy and that paying down its large debt load from the Monsanto transaction remains a “high priority.” Payments can be funded with cash on hand, future free-cash flow, the sale of Bayer’s animal-health unit and potentially by issuing bonds, company officials said. In April, he won the annual confidence vote from 93% of shareholders amid signs that Bayer might soon reach a resolution. Under the terms of the Roundup settlement, Bayer will set up a $1.25-billion fund to cover future cancer claims. Bayer faced a surge in new lawsuits last year after it lost the U.S. jury trials, and investors issued a rare rebuke to Baumann last spring. Bayer, which acquired Roundup with its purchase of Monsanto for $63 billion in 2018, agreed in June to pay around $11 billion to settle the lawsuits, which have pummeled the company's share price. The Roundup agreements will resolve 75% of about 125,000 claims that have either been filed or were set to be filed, Bayer said. The former vice president has become the Democratic front-runner with primary victories across the country. Bayer's stock closed down 1% on Thursday at 54.41 euros. Bloomberg delivers business and financial information, news and insight around the world. Bayer has agreed to spend more than $12 billion to resolve thousands of U.S. lawsuits and deal with future claims, taking its biggest step so far in resolving headaches the German chemical giant inherited in its acquisition of Monsanto Co. (Reuters) - Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving prospects for its $11 billion deal to end the litigation. In Holmby Hills, Kristin Tutor is asking $29.9 million for her traditional-style estate in a park-like setting. German water utility pulls plug on Tesla over unpaid bills. Canada and several countries in Europe are starting the reimplement restrictions in an effort to control the spread of the virus. The company also is refusing to settle the three damage verdicts totaling more than $191 million, which are on appeal. Since last summer, Baumann has kept Bayer out of more trials while engaging in high-stakes mediation talks. Students are fatigued and stressed. Hiring, flags, even slavery: Racial justice features in state ballot measures across U.S. Though a Roundup settlement had been expected, Sebastian Bray, an analyst at Berenberg, said deals covering other litigation at a cost most investors will find reasonable were a pleasant surprise. You may occasionally receive promotional content from the Los Angeles Times. The company denies glyphosate is a carcinogen, a position backed by the U.S. Environmental Protection Agency. (Reporting by Tom Hals; Editing by Noeleen Walder and Bill Berkrot). No lawsuits are required for the payouts, but farmers must show proof of crop damage or reduced yields tied to dicamba contamination, the company said. Getting past the legal drama is a top priority for Chief Executive Werner Baumann. Taken together, the accords resolve a trio of major litigation risks that tagged along with Bayer’s $63-billion purchase of Monsanto in 2018. A German utility company has shut off water to Tesla for the construction of a factory near Berlin because the automaker hasn’t paid its bills. Bayer also will pay as much as $820 million to settle toxic-pollution claims and make a $400-million payment for farmers whose crops were damaged by its herbicide based on the chemical dicamba. Three California juries in a row ruled against the company and ordered it to pay damages to former Roundup users. FILE PHOTO: Bayer's Roundup is shown for sale in Encinitas, California, U.S., June 26, 2017. The parties have binding deals to resolve about 45,000 of the 125,000 filed and unfiled claims, according to attorneys involved. Not all U.S. presidents are missed once they leave the White House. $10B Roundup® Settlement Covers Current and Future Claims Bayer has agreed to settle the majority of lawsuits linking the popular herbicide Roundup® to cancer. U.S. District Judge Vince Chhabria in San Francisco kept a stay on litigation until Nov. 2 and asked the parties for a status update at that time. Can Disneyland fanatics carry on without the “Happiest Place on Earth”?

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