On the day that opening statements were set to begin, Bayer AG agreed to postpone a high-profile trial in Missouri over Monsanto Co.’s Roundup herbicide as it hammers out a possible global settlement of thousands of cases.

“The continuance is intended to provide room for the parties to continue the mediation process in good faith under the auspices of Ken Feinberg, and avoid the distractions that can arise from trials,” said Bayer in a statement, released minutes before opening statements were set to start. “While Bayer is constructively engaged in the mediation process, there is no comprehensive agreement at this time. There also is no certainty or timetable for a comprehensive resolution.”

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