September 05, 2024 15:28 GMT
HEALTHCARE: Bayer (BAYNGR: Baa2 neg / BBB): Legal Lobbying
HEALTHCARE
- Positive: Handelsblatt is reporting on the positive strategy employed by Bayer to bring an end to its legal woes in the US.
- Bayer is utilising the power of the Agricultural Lobby to apply political pressure on the legal system to favour Bayer. Farmers need weedkillers; consumers need cheap food. This is Bayer's argument. Given recent legal victories it may well be working.
- From most recent earnings call:
- "Outside of the courts, we continue to explore measures to contain litigation risk. This involves partnering with American farmers who understand glyphosate's great importance for their livelihoods and for global food security. We continue to focus on legislation at both the state and the federal level, including advocating for the passage of a farm bill in Congress as early as possible. We want to see a bill pass that gives American farmers the reliability and the science-based regulation they deserve. We will continue to champion their voices. Further, we continue to evaluate every appropriate measure to bring closure to the situation, both for our company and for US farmers, because we need our revenues to go to funding the company's mission, not the litigation industry."
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