“A U.S. federal appeals court on has blocked California from requiring that Bayer label its glyphosate-based weed killer Roundup with a cancer warning.” [Source: mercopress.com (Uruguay)]
Roundup was originally manufactured by agrochemical and biotech giant Monsanto. After buying Monsanto for $63 billion in 2018, Bayer became the object of tens of thousands of lawsuits alleging that Roundup causes cancer. The filing of these lawsuits followed an announcement in 2015 by the World Health Organization’s International Agency for Research on Cancer that officially classified glyphosate, the active ingredient in Roundup, as “probably carcinogenic to humans”.
Currently facing Roundup-related cancer lawsuits from a total of up to 125,000 people, Bayer admitted earlier this year that settling these claims may force it to sell assets, issue new shares, or borrow money at unfavorable terms. Analysts predict the eventual cost to the company could now reach $10 billion or more.
To read about Bayer’s dark history and the role it played in the perpetration of World War 2 as a member of the notorious IG Farben Cartel, visit the Profit Over Life website.