Bayer CEO: Roundup is 'safe,' and litigation is driving prices up

Life sciences company Bayer (BAYRY, BAYN.DE) isn't breaking itself up right now. Bayer CEO Bill Anderson says, "This is not a good time to be... breaking up the firm," given the company's need to rebuild its pharmaceutical pipeline and battle the ongoing litigation stemming from the weedkiller Roundup.
When it comes to the Roundup lawsuits, Bayer has "adequately provisioned" for the costs of those suits, Anderson says. Overall, "the fundamental fact is, that glyphosate, Roundup, is safe," Anderson states, adding that Bayer is "a scientifically-driven company and we have this litigation thing that's not scientific."
On the pharmaceutical business, Anderson says the group is "in a bit of a transition phase." "We got a couple of major medicines that are losing patent protection over the next few years. So we are busy rebuilding the pipeline right now," he tells Yahoo Finance.
#youtube #yahoofinance #stockmarket
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@duran9664]

😒 Seriously 😒
u do an interview with Bayer CEO in 2024 & never asked him about Bayer Leverkusen FC ❓❓❓❓🤦‍♀️🤦‍♀️

[@drakedorosh9332]

The European Food agency does not give a definite "its safe". They do "risk assessment " not legal deminimus.

[@cwaddle]

Legal experts never decide safety status - they reply upon the relevant organisation’s decision i.e. EFA etc. Roundup has just been unfortunately been caught up due to bad corporate behaviour.

[@jeffreycheng5984]

Bayer+Monsanto= A match made in Hell.

[@ChristianLaurinE]

Don't give up yahoo! I am beginning to watch your channel and videos. CNBC is a joke, and Bloomberg on the edge of cringe. You are doing a decent job. Please keep going.

[@MarvelousCards]

For some weird reason I don't trust Bayer at all.

[@HRWU]

@@OnkelDagobertDuck aus welchen Gründen...? In Deutschland wohnen ja über 80 Mio Menschen😏

[@belasomogyi8671]

Hopefully Bayer can improve and result will be better for the company

[@Marnild]

Its Bayer everywhere.. What an american thing to say.

[@teresasellsatl]

He looks and sounds so aww shucks friendly to be running a MONSTROUS, evil corporation that causes so much unbridled pollution, death and suffering.

[@marcusyu2655]

Not even allowed in their home country, so why should it be allowed here?

[@hortshack7187]

It is being used since 1974 and will be legal at least until 2033 in Germany.

[@rayk4192]

you leading in crooks !!!!

[@john-smith.]

Yeah safe my a**.....just cause it's printed on the label lol.

[@russellmcroy467]

Yeah.. they definitely prepped him on the questions beforehand.