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Bayer vows to back Monsanto's Roundup

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Bayer AG moved to reassure investors that its $63 billion purchase of Monsanto will be beneficial.

Bayer CEO Werner Baumann defended Monsanto's Roundup product, particularly its key ingredient glyphosate. A judge last month upheld a jury's verdict that the product contributed to a dying groundskeeper's cancer.

“We’ve decided to defend ourselves by every means available, because glyphosate is a fully safe and good product when properly used," Baumann said on a conference call with reporters.

Read more from Bloomberg.

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