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00:02Bayer AG agreed to pay $7.25 billion in a proposed Missouri State Court class action settlement
00:08to resolve current and future Roundup cancer claims over a 21-year period, according to Bloomberg.
00:14The company also reached at least $3 billion in separate U.S. settlements,
00:19including a $2.1 billion Georgia verdict.
00:22Bayer moved ahead with the settlement effort after the U.S. Supreme Court agreed to review
00:26its appeal of a $1.25 million Missouri jury verdict involving Roundup claims against its Monsanto unit.
00:33Since acquiring Monsanto for more than $60 billion,
00:37Bayer has faced ongoing Roundup lawsuits and has paid more than $10 billion in related verdicts and
00:42settlements. Bayer still faces about 67,000 U.S. claims alleging Roundup caused cancer.
00:49The EPA found glyphosate is unlikely to be a human carcinogen, and the U.S. Food and Drug
00:54Administration oversees pesticide residue levels to ensure they meet EPA standards.
00:59Shares have risen more than 130% over the last year.
01:03For all things money, visit Benzinga.com.
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