Shares in Germany's Bayer plunge on US weed killer ruling

Combined Shape

BERLIN (AP) — Shares in chemicals manufacturer Bayer fell sharply Wednesday after a U.S. jury found the Roundup weed killer to have been a substantial factor in a California man’s cancer.

It’s the second case that has gone against manufacturer Monsanto, which was acquired for $63 billion last year by the German company. Bayer’s shares dropped 10 percent to 62.70 euros on the Frankfurt exchange.

A federal court jury in San Francisco ruled unanimously Tuesday in a lawsuit against Monsanto. Attorneys say the trial could help determine the fate of hundreds of similar lawsuits. A second phase to the trial will determine whether the company is liable and if so, for how much.

Monsanto has argued that studies have established that Roundup’s active ingredient, glyphosate, is safe. It has appealed a separate U.S. court decision last year in favor of a man who used Roundup.

Some countries have banned the use of the weed killer because of concerns about its potential impact on human and animal health. Others, including Germany, have resisted campaigners’ calls to take Roundup off the market immediately, but say it will be phased out gradually.

Trending:
Fred Weinberg: Getting Rid of Liz Cheney Is the Start to Taking Back Our Government

German authorities are currently suing a website for publishing an official study into the dangers of glyphosate. The German Federal Institute for Risk Assessment cited copyright reasons Wednesday for wanting the website FragdenStaat.de, which facilitates citizens’ freedom of information requests, to remove the document from its site.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →






We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation