Friday, August 9, 2019

Bayer shares soar on report of $8bn settlement

Shares of German pharmaceutical company Bayer soared on Friday following a media report that the company has proposed to pay eight billion dollars to settle a series of lawsuits in the United States.

Several U.S. courts have ruled that that the company's glyphosate-based weedkiller product Roundup causes cancer.

Ira Spitzer reports from Berlin.


In: Shares of the....

Out: SOC

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