Shares of Bayer slide after the trial, Monsanto’s roundup-cancer

  • Shares of Bayer slide after the trial, Monsanto’s roundup-cancer
    FarmIreland.t. E.
    Shares in Bayer fell more than 10 percent to the lowest in almost two years after a California jury ordered the subsidiary of the German company Monsanto to pay $ 289 million loss last week.
    https://www.independent.ie/business/farming/agri-business/bayer-shares-slide-after-monsantos-roundup-cancer-trial-37210031.html
    https://www.independent.ie/incoming/article37207236.ece/e6e3a/AUTOCROP/h342/18cancer2.jpg

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Shares in Bayer fell more than 10 percent to the lowest in almost two years after a California jury ordered the subsidiary of the German company Monsanto to pay $ 289 million loss last week.

The jury has recognized Monsanto will sue, claiming that the company’s glyphosate-based means of controlling weeds, including his trademark roundup caused cancer. The case against Monsanto, Bayer, which acquired this year to 63 billion dollars, is the first of more than 5,000 similar lawsuits across the United States.

Monsanto said Friday that it will appeal the verdict.

“Today’s decision doesn’t change the fact that more than 800 scientific research and reviews … confirm the fact that glyphosate does not cause cancer,” the statement reads.

Shares of Bayer fell by 10.6 PC to 83.48 euros at 0728 GMT, the decline 0.6 for the index DAX.

In Europe, the European Commission in December extended the license for glyphosate in spite of the intense debates about its safety, although Germany and France have taken steps to phase-out the use of herbicides.

Initially exclusive brand of Monsanto, non-patent glyphosate herbicides now sold the global crop protection industry.

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