Big Roundup Update: Glyphosate Out, Big Bucks to Settle Lawsuits In

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

Round-Up Cancer Lawsuit

 

Supermarket aisle

**** 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

 

 

source