What's moving markets today: Live updates - CNN

Germany's Bayer (BAYRY) is in a bad spot after a US jury on Monday awarded more than $2 billion to a couple who claimed that the weedkiller Roundup caused their cancer.

Bayer bought the product's manufacturer, chemical giant Monsanto, last year.

The huge fine underscores the massive legal payouts Bayer could owe in the US, where the company faces Roundup lawsuits from roughly 13,400 plaintiffs. That exposure recently sparked a shareholder revolt against the company's management.

Bayer said in a statement that it was "disappointed with the jury's decision" and would appeal the verdict.

Shares fell 2.7% in early trading Tuesday. They've dropped more than 45% in the past year.

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https://www.cnn.com/business/live-news/stock-market-news-today-051419/index.html

2019-05-14 15:12:00Z
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