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[$$] Bayer Tumbles After Fresh Roundup Ruling

AG (BAYN.XE) fell sharply lower early on Wednesday after a San Francisco jury late on Tuesday found that the use of Monsanto-branded glyphosate-based weedkillers was a substantial factor in a man developing cancer. Jurors will now hear evidence in a second phase of the trial to determine whether Monsanto--which the German company acquired last year--should be held liable, which could entail substantial financial penalties for Bayer. At 0846 GMT, Bayer shares were trading 11.7% lower at EUR61.55.