Bayer reaches over $10 billion settlement in Roundup cancer lawsuits

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Roundup weed killing products are offered for sale at a home improvement store on May 14, 2019 in Chicago, Illinois.

Scott Olson | Getty Images

Bayer will pay more than $10 billion to resolve thousands of lawsuits regarding claims that its herbicide Roundup causes cancer, the company announced Wednesday.

Monsanto, which Bayer bought in 2018, lost a lawsuit that same year brought by a school groundskeeper who claimed its weedkiller had caused his non-Hodgkin lymphoma. Since then, thousands of U.S. lawsuits have been filed against the company.

Bayer CEO Werner Baumann called the decision to settle the lawsuits the

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Here are the 8 states that trigger coronavirus quarantines for travelers going to New York

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As coronavirus outbreaks surge in several states across the country, public officials in the New York tri-state region — once the epicenter of the U.S. outbreak — are now imposing a 14-day quarantine on travelers coming from several hot spots in the U.S. 

The virus hit the tri-state region hard in March and April, when New York state was reporting around 10,000 new cases every day. At the peak of the outbreak in the northeast, Florida, Texas and other states issued mandatory quarantine orders for anyone traveling from New York, New Jersey and Connecticut in an attempt to prevent outbreaks

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KB Home, Hertz, Ally Financial and more

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A construction worker walks past new homes under construction by developer KB Home in Valencia, California.

Jonathan Alcorn | Bloomberg | Getty Images

Check out the companies making headlines after the bell.

KB Home — The home construction company’s stock dipped 13% in extended trading after KB Home released its second-quarter earnings. The company reported earnings of 55 cents per share with revenue of $914 million, while analysts polled by Refinitiv anticipated earnings of 49 cents per share and revenue of $1.06 billion. KB Home said the coronavirus pandemic elevated the company’s order cancellation rate, and as a result,

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Stock futures flat after a sharp sell-off on Wall Street amid rising virus fears

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A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020.

Michael Nagle | Bloomberg | Getty Images

Stocks futures opened flat in overnight trading on Wednesday, following a steep market sell-off triggered by intensifying worries about a coronavirus resurgence.

Futures on the Dow Jones Industrial Average fell about 30 points. The S&P futures and the Nasdaq 100 futures were little changed. Trading volumes were thin.

The record spikes in new coronavirus cases in multiple states are damping hopes for a smooth economic recovery. California and Florida reported their biggest

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