https://www.foxbusiness.com/industri...up-cancer-risk$289M Monsanto verdict
FBN's Ashley Webster on Bayer shares' falling on news a California jury ordering the company's newly acquired Monsanto unit to pay $289 million for not warning of cancer risks from the company's weed-killer Roundup.
The troubles keep mounting for German pharmaceutical giant Bayer Opens a New Window. since it acquired Opens a New Window. Monsanto last June for $62.5 billion.
As of Wednesday, the company was facing lawsuits Opens a New Window. from more than 11,200 people over its controversial weed killer Roundup that has been linked to causing cancer in some individuals.
Last August, a California jury concluded that Roundup and the company’s Ranger Pro products presented a “substantial danger” to terminally ill 46-year-old Dewayne “Lee” Johnson, who became sick with non-Hodgkin’s lymphoma after using the spray for more than two years as a groundskeeper.
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