Bayer scraps U.S. plans to produce crop chemical blocked by court

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Bayer AG said on Tuesday it will scrap a nearly $1 billion project to produce the chemical dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of weed killers based on the product.

The German-based company is moving to save cash as it wages an expensive legal battle to fight allegations that another product, its glyphosate-based weed killer Roundup, causes cancer. Bayer denies the claims.

“Stopping construction enables us to preserve cash and prioritize our investments in new innovation for farmers,” Bayer said. The EPA subsequently said farmers can use existing supplies of dicamba-based herbicides, which are also sold by rivals BASF SE and Corteva Inc, until July 31.

 

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Since when is Bayer capable of doing the right thing?

Putin said US protests were a sign of deep crises... BlackLivesMatter

We live in a world where a company which made Chemicals for German Nazis to kill humans in gas chambers is making chemicals pesticide for Crops - Bayer

🤨

Bayer ignored us and bought the toxic chemical company anyway. They deserve to lose their shirt. Bayer

Sounds like a good thing.

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