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Bayer Shares Hit 7 Year-Low After $2 Billion Award In Roundup Trial

Credit: Wochit News
Published on May 14, 2019 - Duration: 00:52s

Bayer Shares Hit 7 Year-Low After $2 Billion Award In Roundup Trial

According to a report by Reuters, on Tuesday, Bayer shares fell by as much as 5 percent after a California couple were awarded over 2 billion-dollars in the largest US jury penalty over allegations that its product, Roundup weed killer, causes cancer.

The stock reportedly closed at a seven-year low after the jury concluded that Roundup, based on herbicide glyphosate, had been defectively designed, and that the company had failed to warn people of the herbicide's alleged cancer risk.

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Bayer Shares Hit 7 Year-Low After $2 Billion Award In Roundup Trial

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