Bayer Shares Surge After Supreme Court To Hear Roundup Appeal; Is The Decade-Long Bear Market Over? [zero hedge]
BAYER AG S/ADR (BAYRY)
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Source: zero hedge
Bayer Shares Surge After Supreme Court To Hear Roundup Appeal; Is The Decade-Long Bear Market Over? Bayer AG shares moved higher in European trading after the U.S. Supreme Court agreed to hear its appeal of a Roundup verdict, raising new hopes the ruling could undermine thousands of related lawsuits over cancer risks. Last Friday, the Supreme Court said it would hear an appeal from Bayer, which petitioned the court last year. Bayer argues that users of the weedkiller shouldn't be able to sue the company for failure to warn about cancer risks because federal regulators have determined that Roundup's main chemical, glyphosate, does not require a cancer warning. The case challenges a $1.25 million Missouri jury award over claims Bayer failed to warn that Roundup causes cancer. Bayer argues the claims are preempted by federal law and maintains the product is safe. The Wall Street Journal noted, "The Supreme Court will likely hear arguments in the case this spring, with a ruling expected b
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- US Supreme Court Agrees To Hear Monsanto Weedkiller Case [Barron's]Barrons
- Supreme Court may block thousands of lawsuits over Monsanto's weed killer [Los Angeles Times (CA)]Los Angeles Times
- Supreme Court agrees to hear longstanding fight over Roundup cancer claims [CNN]CNN