The Rising Influence of Rising Affluence

[DewDiligence]

Another Roundup verdict is in…

https://www.cnn.com/2019/05/13/health/monsanto-roundup-cancer-verdict-bn/index.html

A jury handed a $2.055 billion verdict in favor of a couple in California who say their cancer was caused by long-term exposure to Monsanto's popular weed killer Roundup… The verdict in Oakland includes more than $55 million in compensatory damages to the couple and $2 billion in punitive damages…

…The septuagenarian plaintiffs, Alva and Alberta Pilliod of Livermore, used the weed killer on their property for more than three decades and were diagnosed with the same type of cancer, non-Hodgkin lymphoma, four years apart, according to their attorneys.

This award will likely be lowered on appeal, but ag-biotech is nevertheless looking like a scary place to invest.