National

Pro Rata

Axios Pro Rata

Bayer stock fell more than 10% on Monday, representing a loss of more than $10 billion in market cap, on the first day of trading after a California jury found that the German company owed $289.2 million to a man who claims to have gotten cancer from exposure to Roundup weed killer.

The bottom line: Bayer might have taken on a bigger liability than it realized in buying Roundup maker Monsanto, via a $64 billion merger that closed this past June, as this could be just the first of thousands of similar lawsuits.

Bayer loses $10 billion in value after Roundup ruling

Hundreds of other lawsuits are also in the pipeline.

Photo credit should read Josh Edelson/AFP/Getty Images

Business

Lawsuits

Bayer stock fell more than 10% on Monday, representing a loss of more than $10 billion in market cap, on the first day of trading after a California jury found that the German company owed $289.2 million to a man who claims to have gotten cancer from exposure to Roundup weed killer.The bottom line: Bayer might have taken on a bigger liability than it realized in buying Roundup maker Monsanto, via a $64 billion merger that closed this past June, as this could be just the first of thousands of similar lawsuits.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Bayer loses $10 billion in value after Roundup ruling

Go deeper