Bayer AG rose the most in a decade after hiring a high-profile lawyer to fight a slew of cases over its Roundup weedkiller and receiving a major vote of confidence from Elliott Management Corp.

The company is starting to shift from a narrowly scientific view of glyphosate’s risk toward taking public perception into account, Markus Mayer, an analyst at Baader Bank AG, wrote in a note to clients. “The chance of legal agreements is rising,” he said.

Please read here the article from Bloomberg. Authors are Eyk Henning, Scott Deveau, and Tim Loh.