April 28 (Reuters) – Shares in chemicals giant Bayer fell as much as 6.5% on Tuesday after the U.S. Supreme Court appeared split over what view it will form in Bayer’s fight against Roundup lawsuits.
At 0731 GMT, the stock was down 3.2%.
The Supreme Court appeared divided on Monday over Bayer’s effort to shut down thousands of lawsuits accusing the company of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer.
Shares in the company have lost almost 7% of their value so far in April and are set to decline for a third consecutive month.
(Reporting by Linda PasquiniEditing by Ludwig Burger)
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