Bayer stock plunged more than 10 percent Wednesday and the company faces more lawsuits tied to allegations of cancer-causing chemicals.
In this file photo taken on July 9, 2018, customer Gary Harms shops for Roundup products at a store in San Rafael, California. - Shares in German chemicals and pharmaceuticals giant Bayer plunged as markets opened on March 20, 2019, after a second US jury ruled that blockbuster pesticide Roundup -- made by recently-acquired Monsanto -- causes cancer.
Investors have clobbered Bayer’s share price since the acquisition, sending it tumbling downward more than 30 percent. Jurors will now determine liability and damages. As Bloomberg reported, they will hear evidence that Monsanto manipulated public opinion to hide health concerns and boost sales.Bayer insists that Roundup products and their active ingredient are safe to use.
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