Bayer announces 2.5-billion-euro writedown over herbicide glyphosate
A goodwill impairment is a reduction in what the company values its assets at and it impacts the company's current earnings.
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This picture taken on February 06, 2023, shows the logo of German chemicals and pharmaceuticals giant Bayer at the Bayer plant in Berlin on February 6, 2023.
By NewVision Reporter
Journalists @NewVision
German chemicals giant Bayer said on Monday it would take a huge 2.5-billion-euro ($2.8b) writedown on the potentially carcinogenic herbicide glyphosate.
It warned that the writedown would push it into