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More than $10bn in value is wiped off chemicals group Bayer after court rules weedkiller Roundup caused cancer
City & Finance Reporter for the Daily Mail

More than £8bn was wiped off the value of the company behind weedkiller Roundup
More than £8billion was wiped off the value of the German company behind Roundup after a court ruled the weedkiller caused cancer.
Shares in pharma and chemicals group Bayer fell 11 per cent on the stock market in Frankfurt – slashing its value from £78billion to £69.5billion.
The slump came after Bayer’s US subsidiary Monsanto was ordered to pay £226million damages to school groundsman Dewayne Johnson who claimed its weedkillers gave him non-Hodgkin’s lymphoma in 2014.
The firm is appealing the verdict, insisting glyphosate, a key ingredient in its weedkillers, is not carcinogenic.
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