Bayer finished the second quarter with net loss of $11.2 billion. That compares to profits of $468 million one year ago. The losses were attributed to litigation over glyphosate and allegations of cancer, dicamba drift and a dispute over waste water contamination. Bayer has settled the majority of the lawsuits over the use of Roundup herbicide, costing $9.6 billion. There’s also an agreement to pay $400 million for dicamba-related claims pending now in federal court. The head of the Bayer CropScience division, Liam Condon, said the legal settlements are not an admission of guilt, but a cost-effective way to end this “distraction.”
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