Bayer Shares Plunge After Monsanto Weed Killer Ruling

Bayer Shares Plunge After Monsanto Weed Killer Ruling

Shares in Bayer AG dropped 12% on Monday after not too long ago acquired Monsanto Co. was ordered to pay $289.2 million in a landmark lawsuit over whether or not publicity to 2 of its weed killers triggered most cancers.

The ruling by a California state jury Friday discovered that Monsanto’s Roundup and Ranger Pro merchandise offered a “substantial danger” to customers, and that the corporate knew—or ought to have recognized—the potential dangers they posed.

The…

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