Daily Mail

£8bn cancer ruling

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More than £8bn was wiped off the value of the German company behind roundup after a court ruled the weedkiller caused cancer.

Shares in pharma and chemicals group Bayer fell 11pc on the stock market in Frankfurt – slashing its value from £78bn to £69.5bn. The slump came after Bayer’s US subsidiary Monsanto was ordered to pay £226m damages to school groundsman Dewayne Johnson who claimed its weedkiller­s gave him non-Hodgkin’s lymphoma in 2014.

The firm is appealing the verdict, insisting glyphosate, a key ingredient in its weedkiller­s, is not carcinogen­ic.

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