Bayer swung to a net loss on provisions for its multibillion-dollar settlement with plaintiffs alleging that Roundup herbicides cause cancer
BERLIN—Bayer Tuesday said it swung to a net loss of €9.55 billion in the second quarter on provisions for its multibillion-dollar settlement with plaintiffs alleging the company’s Roundup herbicides cause cancer, as the German firm slightly lowered its outlook due to the coronavirus pandemic.
Bayer, whose share price has been weighed down for years by the Roundup legal battle, said it expects full-year sales and earnings before interest taxes, depreciation and amortization to come in slightly lower than initially...
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