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Stock impact report

Supreme Court agrees to hear longstanding fight over Roundup cancer claims [CNN]

BAYER AG S/ADR (BAYRY) 
NASDAQ:AMEX Investor Relations: investor.bayer.com
Company Research Source: CNN
The court's decision to hear the case has significant practical implications for agriculture – which heavily relies on the product – and Americans who claim Monsanto violated various laws by failing to warn them about the risk of cancer. It also raises an interesting political issue for the Trump administration, which is backing Monsanto even though HHS Secretary Robert F. Kennedy Jr. has long criticized the product. The court will likely hear arguments in the spring. Monsanto was purchased by German-based Bayer in 2018. The Supreme Court appeal followed a $1.25 million jury verdict in favor of John Durnell, who sued Monsanto in Missouri state court in 2019, alleging that he developed non-Hodgkin's lymphoma after being exposed to Roundup. A state appeals court upheld that decision. Monsanto, which has faced more than 100,000 similar claims across the country, has argued that a federal law enacted in the 1970s that gives the Environmental Protection Agency power to regulate pe Show less Read more
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