Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Bayer wins court ruling restricting California's Roundup warning: Bloomberg News

Published 06/22/2020, 05:09 PM
Updated 06/22/2020, 05:15 PM
© Reuters. FILE PHOTO: Logo of Bayer AG at a plant of the German pharmaceutical and chemical maker in Wuppertal
BAYGN
-
MON
-
BAYRY
-

(Reuters) - Bayer AG (DE:BAYGN) won a court ruling blocking California from requiring the German-based company to tell consumers that a chemical in its Roundup herbicide is known to cause cancer, Bloomberg News reported on Monday.

A federal judge in Sacramento on Monday granted Bayer (OTC:BAYRY)'s request to block the state from requiring the company or any businesses from providing a "clear and reasonable warning before exposing any individual to glyphosate," the report said https://bloom.bg/2YUijv0.

Bayer did not immediately respond to a Reuters request for comment.

Bayer, which acquired Roundup manufacturer Monsanto (NYSE:MON) in a $63 billion deal in 2018, to date has faced three juries over claims that Roundup causes cancer.

© Reuters. FILE PHOTO: Logo of Bayer AG at a plant of the German pharmaceutical and chemical maker in Wuppertal

The company has denied the allegations made by more than 42,700 plaintiffs in the United States, saying decades of studies have shown Roundup and glyphosate are safe for human use.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.