Bayer Shares Plunge After $289 Million Monsanto Weed Killer Ruling
Bayer took over Monsanto just two months ago and now its shares plunged after a jury ruled that weedkiller Roundup gave a former school groundskeeper terminal cancer. Dewayne Johnson was awarded $289 million in damages. Johnson’s case is one of thousands of other cases that claim the herbicide in Roundup, glyphosate, causes non-Hodgkin’s lymphoma. His case was expedited because he is near death. The jury’s decision could set a precedent for the other cases.