Bayer shares up after first trial win over Roundup By Reuters

Bayer shares up after first trial win over Roundup By Reuters

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© Reuters. FILE PHOTO: Brand of Bayer AG is pictured on the annual outcomes information convention of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay

BERLIN (Reuters) – Shares in Bayer AG (DE:) rose 2.5% in pre-market commerce on Wednesday after the German agricultural and prescribed drugs agency gained its first trial over claims its Roundup weedkiller causes most cancers.

A California jury discovered that the herbicide was not a considerable trigger of a kid’s uncommon type of non-Hodgkin’s lymphoma, the corporate mentioned on Tuesday. The decision is the fourth involving Roundup and the primary within the firm’s favor.

Roundup-related lawsuits have dogged Bayer (OTC:) because it acquired the model as a part of its $63 billion buy of agricultural seeds and pesticides maker Monsanto (NYSE:) in 2018.

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