Corteva, Inc. (CTVA)

[DewDiligence]

Court rescinds EPA approval of Bayer’s dicamba herbicide—CTVA gains:

https://www.wsj.com/articles/court-vacates-epa-approval-of-bayers-dicamba-spray-11591294833

The U.S. Ninth Circuit Court of Appeals said Wednesday that the Environmental Protection Agency in 2018 failed to acknowledge or significantly understated risks posed by three herbicides, including Bayer’s XtendiMax, whose active ingredient is dicamba, when it reapproved the sprays for use on U.S. farms.

…The ruling comes as seed-and-pesticide makers vie to offer farmers a way to stop weeds resistant to glyphosate, the world’s most actively used herbicide, which is marketed under Bayer’s Roundup brand and other names. It is a boost to rival Corteva Inc., which is working to hasten the rollout of its own new seed and herbicide spray combination, called Enlist, which doesn’t use dicamba.