The ‘Amazon Effect’ is slicing into Bayer’s U.S. Consumer Business

by | November 2, 2017 1:03 am

Bayer AG, the 154-year-old creator of aspirin, has been ambushed by a growing force: online retailers like Inc. The German drugmaker’s consumer-health division is struggling, with profit plummeting 17 percent in the third quarter. A big part of the reason is a shift in the U.S. to online shopping — and discounts — leaving…

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