Half of Canadians have negative opinion of latest Liberal budget: poll
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
German pharmaceutical and chemical company Bayer said Thursday it would take a provision of US$4.5 billion against second-quarter earnings to put the company on what it said would be a path to closure of thousands of U.S. lawsuits over a weedkiller containing the chemical glyphosate.
The company said would continue to pursue legal appeals at the U.S. Supreme Court and was hopeful of success.
But it set aside the money to account for a second scenario in which it has to manage the costs of the remaining claims through a mix of litigation and settlement. The company has faced thousands of legal actions from people claiming that glyphosate causes non-Hodgins lymphoma, a type of cancer.
“We want to provide comfort to our investors that the glyphosate litigation exposure should now be reasonably accounted for and leaves significant upside in the event of a favorable Supreme Court decision on the case,” CEO Werner Baumann said during a conference call with investment analysts.
“It is important for the company, our owners, and our customers that we move on and put the uncertainty and ambiguity related to the glyphosate litigation behind us.”
Bayer inherited Roundup and the litigation by acquiring Monsanto in 2018.
The US$4.5 billion comes on top of around $9.6 billion in earlier litigation set-asides. The company says the compound is safe.
The company additionally said that it would replace glyphosate in its Roundup weedkiller with other ingredients when it comes to sales for the U.S. residential lawn care market from 2023, subject to regulatory review of the new ingredients. That is where most of the court cases have come from.
Bayer said replacing glyphosate was aimed at managing litigation risk and was not based on any safety concerns. Products containing glyphosate will still be available for professional and farm use.
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
A Toronto couple are speaking out about their “extremely dangerous” experience on board a sinking tour boat in the Dominican Republic last week.
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020.
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
An Ontario senior’s attempt to get technical help online led him into a spoofing scam where he lost $25,000. Now, he’s sharing his story to warn others.
A Minnesota state senator and former broadcast meteorologist told police that she broke into her stepmother's home because her stepmother refused to give her items of sentimental value from her late father, including his ashes, according to burglary charges filed Tuesday.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.