Bayer chalks up 9.5 billion euro second-quarter net loss after litigation settlement

Bayer chalks up 9.5 billion euro second-quarter net loss after litigation settlementGerman drugs and pesticides group Bayer reported a 9.5 billion euro ($11.2 billion) net loss for the second quarter, following a $10.9 billion settlement of U.S. lawsuits claiming that its weedkiller Roundup caused cancer. A second-quarter gain in adjusted EBITDA of 5.6% to 2.88 billion euros was slightly above analyst expectations.

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