Streetbeat News

BAYRY

Bayer AG

https://www.bayer.de/

CEO

Werner Baumann

Industry

Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)

Open

6.48

Mkt cap

25B

Volume

94K

High

6.48

P/E Ratio

-19.55

52-wk high

11.33

Low

6.44

Div yield

0.00

52-wk low

6.39

An Australian judge dismissed a class action lawsuit alleging Bayer's Roundup weedkiller causes blood cancer, marking a significant victory for Bayer. The ruling supports Bayer's stance on the safety of its glyphosate-based products. Despite this win, Bayer still faces over 50,000 claims in the U.S.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 6:35 pm

A Pennsylvania judge reduced a $2.25 billion verdict against Bayer AG to $400 million in a case involving cancer claims linked to Roundup weedkiller. Bayer plans to appeal the decision, while the plaintiff's legal team seeks to reinstate the original verdict. Despite numerous studies indicating glyphosate's safety, Bayer faces extensive legal challenges and over 50,000 pending claims.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 2:06 pm

European equities closed higher on Monday, driven by expectations of an imminent ECB rate cut. Key ECB members made statements supporting a rate cut in June. The euro inched higher, and major European indices saw gains. Notable stock movers included RWE AG, Bayer AG, Volkswagen AG, Enel, Iberdrola, Eni, Novo Nordisk, LVMH, ASML, Stellantis, Ferrari, and UBS.

Portfolio Pulse from Piero Cingari

May 27, 2024 | 5:55 pm

Cencora Inc (NYSE:COR) has notified individuals about a data breach that occurred in February, compromising sensitive medical information. The breach involved data obtained through partnerships with pharmaceutical companies such as AbbVie Inc (NYSE:ABBV), Acadia Pharmaceuticals Inc (NASDAQ:ACAD), Bayer AG (OTC:BAYZF, OTC:BAYRY), Novartis AG (NYSE:NVS), and Regeneron Pharmaceuticals Inc (NASDAQ:REGN). The incident is part of a series of cyberattacks targeting the U.S. healthcare sector.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 4:00 pm

Pfizer, AstraZeneca, Sanofi, and other pharmaceutical companies are investing heavily in France to expand their operations. Pfizer and AstraZeneca will invest nearly $1 billion combined, while Sanofi will invest $1.1 billion. Other companies like AbbVie, Novartis, and Kenvue are also increasing their presence in France. Additionally, Mainz Biomed is expected to unveil breakthrough early cancer detection results in the US.

Portfolio Pulse from Upwallstreet

May 16, 2024 | 12:51 pm

AI is significantly impacting the pharmaceutical industry, from drug discovery to marketing, with Alphabet Inc's Google DeepMind developing AlphaFold 3, an AI model that predicts the structure of biological molecules. McKinsey reports AI could generate $60 billion-$110 billion annually for the industry, speeding up drug discovery and development. Collaborations like Bayer AG and Google Cloud are developing AI solutions for healthcare. Key players include Nvidia, Intel, IBM, Google, GE, Microsoft, Medtronic, Micron Technology, Amazon Web Services, and Siemens Healthineers.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 6:49 pm

Bayer AG's Monsanto unit won a legal victory as a Washington state appeals court overturned a $185 million verdict related to chemical contamination at a school. This decision, marking the company's second major legal win recently, involved a lawsuit from 2021 where three teachers claimed brain damage from exposure to PCBs, banned chemicals Monsanto produced until 1977. The court ruled the lower court improperly applied Missouri laws, allowing claims to be filed decades later. Bayer faces around 200 similar claims, and this ruling could influence future trials and Bayer's financial exposure in PCB contamination claims, potentially surpassing $2.5 billion.

Portfolio Pulse from Vandana Singh

May 02, 2024 | 5:38 pm

CNBC's 'Halftime Report Final Trades' featured recommendations for Nasdaq, Inc. (NDAQ), Alphabet Inc. (GOOG/GOOGL), Spotify Technology S.A. (SPOT), Teck Resources Limited (TECK), and The Charles Schwab Corporation (SCHW). Analyst upgrades and collaborations were highlighted for some, along with upcoming earnings reports and price target adjustments.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 1:14 pm

With interest rates at their highest in over two decades, investors are increasingly turning to corporate bonds, seeking higher yields and diversification from equities. Investment-grade bonds, issued by stable companies, offer safer investment options compared to high-yield bonds from riskier firms. Companies like Nvidia, Amazon, Apple, Eli Lilly, and Walt Disney are rated as investment grade, while AMC Entertainment, Office Property Income Trust, and Navient Corporation are considered speculative grade. The article lists the top 10 investment-grade corporate bonds with the highest yields as of April 2024, including issuers like Prospect Capital, Piedmont Office Realty Trust, Td Synnex Corp, Charter Communications, Vornado Realty Trust, Ford Motor Co, Monsanto (owned by Bayer A.G.), Vici Properties, Ally Financial, and Concentrix Corp.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 4:24 pm

Bayer AG announced positive Phase 3 results for elinzanetant, a menopausal relief drug, showing significant reduction in hot flashes compared to placebo. The drug, aiming for FDA approval, could generate over a billion dollars annually. In contrast, Acer Therapeutics' similar trial failed to meet its primary goals.

Portfolio Pulse from Vandana Singh

March 19, 2024 | 1:31 pm

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