Stock Market News

Bayer reaches $6.9 million settlement with New York over Roundup weedkiller

06/15/2023
Less than a minute

2023.06.15 11:34


© Reuters. FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay/File Photo

NEW YORK (Reuters) – Bayer AG (ETR:) has reached a $6.9 million settlement with New York for allegedly making false and misleading claims regarding the safety of Roundup weedkillers, the state’s Attorney General Letitia James said on Thursday.

The settlement also requires Bayer (OTC:) and its Monsanto (NYSE:) unit to stop advertising that claims Roundup products containing glyphosate are safe and non-toxic.

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06/15/2023
Less than a minute

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