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Tuesday, 05/14/2019 7:41:39 PM

Tuesday, May 14, 2019 7:41:39 PM

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German pharmaceutical firm Bayer lost 6.8 percent on share value in trading Tuesday after a US jury awarded a couple from California $2.055 billion in punitive damages for failure to warn of cancer risks of its Roundup herbicide.

According to Monday’s ruling, Roundup weed killer was liable for causing cancer, while US agrochemical firm Monsanto, acquired by Bayer last June, failed to inform consumers about the potential risks. Glyphosate, the basic component in Roundup, was found to be the cause of non-Hodgkin lymphoma in both Alva and Alberta Pilliod.
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