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Shares in German chemicals giant Bayer jumped more than 10 percent Friday after a US court victory in the group’s long-running fight against claims its glyphosate-based weedkillers cause cancer.
An appeals court in Pennsylvania on Thursday rejected a claim by a landscaper that Bayer’s Monsanto unit broke state laws by not putting a cancer warning on its Roundup weedkiller.
The three-judge panel found that federal laws require uniformity in pesticide labels nationwide, which meant Pennsylvania could not add a warning label.
The…
