So there is some big news on the ‘Monsanto-Now-Bayer-Chemical’ “Roundup Weedkiller with Glyphosate” front. First, the cost in litigation to Bayer Chemical, the not-so-savvy 2018 purchaser of Monsanto’s Roundup weedkiller (quite possibly the worst business purchase decision in modern history*) is estimated to top $16 Billion (yep, with a “B”) dollars**. Bayer had already earmarked $11.6 billion to fight and settle the Roundup litigation from consumers who argue their use of the product triggered cancer. But the continued lawsuits*** have caused Bayer Chemical company to set aside an additional $4.5 billion to deal with litigation tied to its best-selling Roundup weedkiller.
Secondly, and perhaps the best news of all, Bayer is set to remove glyphosphate from its residential Roundup products. More specifically, Roundup weedkiller in its current form will be pulled from the U.S. consumer market in 2023. (Translation: if you want to reduce your chances of getting a diagnosis of cancer in the next decade or so, either continue to use Roundup only while wearing a hazmat suit or use a competitor’s weedkiller for the next year and a half or so. Either way, minimize eating too many processed foods that contain glyphosate****.)
*The German drugs and chemicals giant has repeatedly failed to put the Roundup woes behind it. Bayer inherited the legal nightmare with $63 billion Monsanto takeover. The purchase closed just weeks before the first of three U.S. juries found that Roundup had caused cancer.
**Bayer’s three losses in U.S. trial courts only intensified the surge of suits against it concerning Roundup, wiping tens of billions of dollars from the company’s market valuation.
*** Some of CFL’s posts on Roundup Weedkiller with Glyphosate lawsuits and research findings
Groundskeeper vs. Bayer-Monsanto: RoundUp-Cancer Lawsuit
RoundUp Weedkiller Contaminating Environment, Harming Ecosystem
Roundup Weedkiller CEO Now Wants to Settle Cancer Lawsuits
Latest RoundUp Verdict: Judge Supports 5.27M Compensatory Damages but Lowers Punitive Damages Due to Legal Limits
Another RoundUp-Cancer Verdict Against Big Chemical
RoundUp Glyphosate Adverse Effects on the Body Carry Over to Future Generations
Glyphosate and RoundUp Must be Labeled as Carcinogenic, Rules Judge
Weed Killer-Cancer Lawsuit: Big Chemical Giant Settles for Over 10 Billion USD
Round Up Glyphosate Settlement Offers Lowered: Bayer Chemical Blames Corona Virus
Jury Declares Round-Up Weedkiller a Substantial Factor in Cancer
Glyphosate Round-Up Weed Killer Gets Cancer Warning Label
Monsanto-Bayer Pesticides Linked to Antibiotic Resistance: New study
Update: Round-Up/Glyphosate-Cancer Lawsuit
**** Some of CFL’s posts on Roundup Weedkiller with Glyphosate in Processed Foods
RoundUp Weed Killer Residue Found in Wide Variety of Foods
RoundUp Weed-Killer in Honey, Instant Oatmeal: FDA says Levels are Acceptable
Glyphosate in Processed Food and Your Gut Microbiota
Weed Killer Found in Dozens of Breakfast Cereals: Report