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Bayer shares plunge on Monsanto cancer payout

Monday, August 13, 2018 - 01:36

Shares in Bayer plunged more than 10 percent to their lowest in almost two years after a California jury ordered the German company's subsidiary Monsanto to pay $289 million in damages last week. As David Doyle reports, a jury found Monsanto liable in a lawsuit alleging that the company's glyphosate-based weedkillers, including its Roundup brand, caused cancer.

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Shares in Bayer plunged more than 10 percent to their lowest in almost two years after a California jury ordered the German company's subsidiary Monsanto to pay $289 million in damages last week. As David Doyle reports, a jury found Monsanto liable in a lawsuit alleging that the company's glyphosate-based weedkillers, including its Roundup brand, caused cancer.

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Bayer shares plunge on Monsanto cancer payout

Monday, August 13, 2018 - 01:36