Bayer's stock surged after a U.S. appeals court ruled in favor of the company in a lawsuit claiming its Roundup weed killer caused cancer.
Ruxandra Iordache reports for CNBC.
In short:
- The 3rd U.S. Circuit Court of Appeals ruled that federal law prevents Pennsylvania from requiring a cancer warning on Roundup.
- The lawsuit involved a landscaper who claimed Roundup exposure caused his non-Hodgkin’s lymphoma.
- Bayer's victory may influence other ongoing lawsuits, potentially leading to a U.S. Supreme Court review.
Why this matters:
Bayer's legal battles over Roundup are far from over, with thousands of cases still pending. The outcome of these cases could impact regulations and future litigation involving herbicides.
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