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Bayer Rises; U.S. Judge to Cut $80 Million Roundup Jury Verdict

Bayer AG ADRs were higher Wednesday after U.S. District Judge Vince Chhabria said he would reduce a jury's $75 million punitive-damages award against the company in a case involving the Roundup weed killer. The plaintiff in the case, Edwin Hardeman, had said that Monsanto's Roundup weed killer caused his cancer. Bayer purchased Monsanto for $63 billion in 2018.