Author: Erin Elizabeth

On Monday, more Monsanto dominos fell when San Francisco Superior Court Judge Suzanne Bolanos denied Big Ag/Pharma giant Monsanto’s request for a new trial and instead upheld the jury’s verdict that found their weed killer caused a groundskeeper’s cancer. (She also slashed the amount of money to be paid from $289 million to $78 million…unless DeWayne Johnson wants to demand a new trial.) RELATED STORY: ‘Explosive’ documents about Monsanto in Europe But that isn’t the only good news! Bayer shares dropped as well: “Shares of chemical giant Bayer, the parent of Monsanto, dropped 11 percent on Tuesday in European trading, as investors had been hoping the judge would order a new trial or reduce the award by an even greater amount, according to The Wall Street Journal. Billions in revenue could be at stake for Monsanto, which has relied on Roundup to boost revenue and profits since it was introduced in the 1970s. The lawsuit is one of hundreds alleging Roundup causes cancer, but it was the first one to go to trial. While studies have found Roundup’s active chemical to be safe, the lawsuits could cause some consumers to shy away from purchasing the product.”6 This marks the second time shares have dropped. According to Diana McKinley, Johnson’s spokeswoman, DeWayne and his lawyers will review the decision before making the next step, “Although we believe a reduction in punitive damages was...