Stories by Ludwig Burger | Canadian Cattlemen

Bayer reporting progress in Roundup settlement talks

Frankfurt | Reuters — Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup herbicide causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. The drugs and pesticides group is keen to draw a line under the legal dispute, which it […] Read more

Crops, Reuters

Pressure on for Bayer CEO to fix legal problems as chairman quits

By Patricia Weiss, Ludwig Burger, GFM Network News February 26, 2020

Frankfurt | Reuters — The departure of Bayer chairman Werner Wenning will turn up the heat on CEO Werner Baumann to resolve the healthcare to agriculture group’s legal problems, two of the firm’s biggest German shareholders said on Wednesday. Bayer’s shares have plunged about a quarter in value since August 2018, when the company lost […] Read more

Crops, Reuters

Bayer considers new tactic in Roundup settlement talks

By Arno Schuetze, Ludwig Burger, Patricia Weiss January 31, 2020

Reuters — As Bayer tries to settle U.S. lawsuits claiming that its Roundup herbicide causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter. Bayer has said it is engaged in mediation to resolve the […] Read more

Crops, Reuters

K+S cuts output on weak potash demand

By Ludwig Burger September 23, 2019

Frankfurt | Reuters — German mineral miner K+S will cut production of potash fertilizers, dragging core earnings lower, as a halt imposed by China on potash imports dampens global markets. “In the current weak market environment, which is further intensified by the continuing Chinese import bans on the standard potassium chloride product, adjusting production is […] Read more

Livestock, Reuters

Elanco to become No. 2 in animal health with Bayer deal

By Ludwig Burger August 20, 2019

Reuters — Elanco Animal Health agreed to buy Bayer’s veterinary drugs unit on Tuesday in a cash and stock deal valued at US$7.6 billion (C$10 billion), creating the second largest maker of medicines for livestock and pets and expanding Elanco’s reach online. The deal is the latest in the fast-growing animal health market, which has […] Read more

Crops, Reuters

Bayer mediator dismisses report of Roundup settlement

By jonathan-stempel, Ludwig Burger August 10, 2019

New York/Frankfurt | Reuters — Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11 per cent higher. “Bayer has not proposed paying $8 billion […] Read more

Crops, Reuters

Investors call for reprieve for Bayer bosses after AGM rebuke

By Ludwig Burger April 29, 2019

Frankfurt | Reuters — Three of Bayer’s largest German investors said the drugmaker’s embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the US$63 billion Monsanto takeover. The backing for CEO Werner Baumann comes after an unprecedented rebuke at the […] Read more

Crops, Reuters

Bayer shareholders vent ire over Monsanto-linked stock rout

By Ludwig Burger, Patricia Weiss April 26, 2019

Bonn | Reuters — Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s US$63 billion takeover of seed and chemical firm Monsanto. Several large investors said they will not support aspirin invesotr Bayer’s management in a key vote scheduled for the end of its […] Read more

Crops, Reuters

Bayer reaps profit lift from Monsanto

By Ludwig Burger February 27, 2019

Leverkusen, Germany | Reuters –– Bayer’s US$63 billion purchase of seed and chemical firm Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its enlarged agriculture business. However, mounting litigation risks related to Monsanto still cast a pall over an adjusted […] Read more

Livestock, Reuters

Bayer to shed animal health division, others after Monsanto deal

By Ludwig Burger November 29, 2018

Frankfurt | Reuters — Bayer, the German drugmaker that bought U.S. seed company Monsanto, announced on Thursday the sale of its animal health business and a number of others, around 12,000 job cuts and 3.3 billion euros (C$4.98 billion) in impairments. CEO Werner Baumann is under pressure to boost Bayer’s share price after a drop […] Read more

ICE weekly outlook: Extradition ruling not the only anchor on canola

CBOT weekly outlook: Crop commodities rangebound

Klassen: Feeder cattle markets reflect mixed tone

GFM Network News

ICE weekly outlook: Extradition ruling not the only anchor on canola

CBOT weekly outlook: Crop commodities rangebound

Klassen: Feeder cattle markets reflect mixed tone

Author Archives Ludwig Burger

Bayer reporting progress in Roundup settlement talks

Pressure on for Bayer CEO to fix legal problems as chairman quits

Bayer considers new tactic in Roundup settlement talks

K+S cuts output on weak potash demand

Elanco to become No. 2 in animal health with Bayer deal

Bayer mediator dismisses report of Roundup settlement

Investors call for reprieve for Bayer bosses after AGM rebuke

Bayer shareholders vent ire over Monsanto-linked stock rout

Bayer reaps profit lift from Monsanto

Bayer to shed animal health division, others after Monsanto deal

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending May 22, 2020.

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