Bayer Forecasts Flat 2026 Profits Amid Roundup Settlement Effort

Bloomberg
Bayer anticipates stable 2026 profits despite challenges from generic competition and ongoing Roundup litigation.

Summary

Bayer AG projected minimal growth in both profit and sales for 2026, citing generic competition for its Xarelto blood thinner and continued legal uncertainties surrounding claims related to its Roundup weed killer. The company forecasts adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to fall between €9.6 billion and €10.1 billion, slightly below analyst expectations of €9.75 billion. This projection follows a decline to €9.67 billion in the previous year. The news led to a drop in Bayer’s share price, reflecting investor concerns about the company’s ability to overcome these challenges and achieve significant growth in the near future. Bayer is actively working to resolve the Roundup litigation, which involves numerous lawsuits alleging the herbicide causes cancer.

(Source:Bloomberg)

The Manila Times

Apple wins dismissal of lawsuit over child sexual abuse material on iCloud

Financial Post

RBC agrees to pay $45 million to settle trailer fee class action

The Hindu

Why are five anonymous female users suing Elon Musk’s xAI? | Explained

TNW

Apple wins dismissal of iCloud child abuse imagery lawsuit on Section 230 grounds

Witn

State to receive $666K in 23andMe settlement over 2023 data breach

New York Post

WGA filing lawsuit to block Paramount's $81B WBD merger in latest acquisition challenge

The Black Chronicle

Spokane eyes $940K public defender grant as county faces lawsuit over caseloads

Hampton Roads Messenger

$45 Million Settlement Announced Over Cash App Deceptive Practices

Kbzk News

FTC Right-to-repair settlement follows years of advocacy in Montana

Zerohedge

Meta Used AI To Lay Off Workers With Medical Conditions: Lawsuit

ABC17News.com

Judge dismisses lawsuit against Apple over alleged child sexual abuse material on iCloud

9to5Mac

Judge dismisses lawsuit accusing Apple of failing to stop CSAM on iCloud

Devdiscourse

U.S. Judge Shields Apple from Class Action Over iCloud Exploitation Claims | Law-Order

Wkyt

Another FCPS employee files lawsuit, claims retaliation after raising concerns over finances

Los Angeles Herald

California-led lawsuit challenges Paramount-Warner merger