AXIOS (Nathan Bomey) - Bayer reaches $7.25B settlement over Monsanto's Roundup accusations
Bayer has agreed to a $7.25 billion deal to settle tens of thousands of lawsuits that its weedkiller Roundup caused cancer. The big picture: Bayer — which acquired Roundup when it bought Monsanto in 2018 — announced Tuesday that it'll compensate people who allegedly suffered non-Hodgkin lymphoma due to exposure to Roundup. - The German drug giant and crop science company had originally reached a $10 billion settlement in 2020 that covered short-term claims up to four years — but that deal was later scuttled amid legal scrutiny over the claims process. - The new compensation deal covers claims for up to 21 years. - The company didn't disclose the average amount expected to be distributed to each recipient. Zoom out: The latest…