Calendar – Click on Date for links entered on that Day
- Chris Salisbury on Australian Prime Minister Scott Morrison’s victory May 18, 2019
- Live: The Full Flower Blue Moon蓝月亮 May 18, 2019
- UN Chief on the Climate Frontlines – Tuvalu May 18, 2019
- American farmers take the fall for US-China trade war… yet Trump believes benefits are to come May 18, 2019
- Museums push to get more young people in the doors May 17, 2019
- How are youth forcing world leaders to act on climate change? May 17, 2019
- NEW GAMBIA DEVELOPMENT PLANS ON CONSTRUCTION OF FEEDER ROADS IS A COMMITMENT TO THIS GOVERNMENT May 17, 2019
- Earth Day Feed the 5000 Extinction Rebellion⌛( Marble Arch 22.4.19) May 17, 2019
- Cultivating equality in the food system | Danielle Nierenberg | TEDxManhattan May 17, 2019
- Sahara Forest Project: From vision to reality May 17, 2019
- “Food systems transformation” Discussion by leaders from IRRI, IWMI, and WorldFish May 17, 2019
- IPCC Released Its New Report on Climate Change & other topics – Daily Briefing (08 October 2018) May 17, 2019
- What Would It Mean to Win? (Pt 2/2) – YouTube May 17, 2019
- From Gallery to Reality (… and Back): The Display of Art and the Art of Display in the Digital Age May 16, 2019
- J. S. Bach – Brandenburg Concertos May 16, 2019
- Displaced Cameroonians struggle to survive May 16, 2019
- Healthy Soils Testimony – Seth Itzkan & Karl Thidemann May 16, 2019
- Sick Pigs from GMO Foods | Interview with Jeffery Smith May 16, 2019
- Stories of extreme sea level rise | Dr Tamsin Edwards May 16, 2019
- Deleted Blade Runner scene: Mexico City covered with ash & smoke from raging wildfires May 16, 2019
- The Health Dangers of Roundup (glyphosate) Herbicide. Jeffrey Smith & Stephanie Seneff May 15, 2019
- Soil erosion is threatening our food security May 15, 2019
- Carbon Levels in Atmosphere Reach Highest Ever in Human History May 15, 2019
- CA Jury Orders Monsanto to Pay Over $2 Billion in Roundup Cancer Lawsuit May 15, 2019
- “New economic and moral foundations for the Anthropocene” with Prof Eric Beinhocker May 15, 2019
- Arundhati Roy on the Power of Fiction: Literature is The Simplest Way of Saying a Complicated Thing May 13, 2019
- Arundhati Roy: Capitalism Is “A Form of Religion” Stopping Solutions to Climate Cha nge & Inequality May 13, 2019
- History in the Digital Age: New Technologies, New Data, New Insights, New Questions | EV & N – 313 – CCTV May 12, 2019
- History in the Digital Age Significantly Advanced by the History Design Studio (HDS) May 12, 2019
- Story of an iPhone: Analytics in Supply Chain Decisions May 12, 2019
- Walmart Supply Chain May 12, 2019
- Wal-Mart: The High Cost of Low Living – Trailer May 12, 2019
- If Iran does something near Strait of Hormuz, reaction will be ‘cataclysmic’: Expert May 12, 2019
- Pilger: Why are we threatening Iran? – YouTube May 12, 2019
- Paris tourist trap drowned in fake blood by environmental activists May 12, 2019
- If Greenland’s Ice Melts, Sea Levels Rise 23 Feet | Video May 12, 2019
- Tidal Flooding and Sea Level Rise: The Growing Impacts of Global Warming May 12, 2019
- Sea level rise: Miami and Atlantic city fight to stay above water May 12, 2019
- Could desalination help prevent water wars in the Middle East? May 12, 2019
- You are cordially invited to attend the opening of “Footprints Across Time” May 11, 2019
- Rats, Lice and History – Hans Zinsser May 11, 2019
- How drought and the fight for water is splitting the state of California – YouTube May 10, 2019
- How clean meat will change the food industry – Docu May 10, 2019
- Bezos goes all blue May 10, 2019
- Billion Dollar Loser: NYT Report on Trump’s Taxes & Massive Losses May Prompt Fraud Investigation May 10, 2019
- Deutsche Bank Is The ‘Rosetta Stone’ To Unlock Trump Finances, Journalist Says : NPR May 10, 2019
- No Lessons Learned From Deepwater Horizon; Offshore Drilling Regulations Get Rolled Back May 10, 2019
- What Greed has Done: Chris Hedges May 10, 2019
- A Doomed Aircraft Is Left to Fly Until it Runs Out of Fuel | Fatal Silence May 10, 2019
- The Gambia May 10, 2019
Daily Archives: August 7, 2018
Jun. 7, 2018, 11:43 AM
- The German drugmaker and chemical company Bayer has finalized a $66 billion blockbuster deal to gobble up the agricultural behemoth Monsanto.
- On Monday, Bayer said it would drop Monsanto’s 117-year-old title.
- The name drop appears to be part of a strategic move geared at distancing the colossal new company from negative publicity surrounding Monsanto and genetically modified organisms.
The German drugmaker and chemical company Bayer has finalized a $66 billion blockbuster deal to gobble up the agricultural giant Monsanto.
In a statement on Monday , Bayer said it planned to drop Monsanto’s 117-year-old title and would henceforth be known only as Bayer.
“Bayer will remain the company name. Monsanto will no longer be a company name,” the company said. “The acquired products will retain their brand names and become part of the Bayer portfolio.”
The name drop appears to be part of a strategic move geared at distancing the new behemoth from negative publicity surrounding Monsanto and genetically modified organisms.
Federal antitrust regulators have granted agribusiness giants Bayer and Monsanto permission to merge after the two companies agreed to spin off $9 billion worth of assets, the largest such sale of corporate assets ever required by the Justice Department.
Under the proposed settlement filed Tuesday, Bayer will sell its seed and herbicide businesses to a third party, the German chemical company BASF. It also will sell its emerging digital farming business as well as a variety of intellectual property and R&D projects.
The targeted spinoffs are aimed at preventing Bayer and Monsanto from using their combined control over seeds and seed treatments to raise the price of agricultural products to farmers and consumers, Justice Department officials said. Just six companies, including Bayer and Monsanto, have historically dominated the global trade in seeds and agrochemicals.
The $66 billion deal already has received approval from regulators in the European Union, Russia and Brazil, making the U.S. approval one of the last major hurdles. Bayer said it expects to complete the merger by midsummer.
“Receipt of the DOJ’s approval brings us close to our goal of creating a leading company in agriculture,” Bayer chief executive Werner Baumann said in a statement.
U.S. antitrust officials investigated the Bayer-Monsanto deal for more than a year, ultimately concluding that it could result in increased costs for the country’s agricultural sector.
Both companies produce genetically modified cotton, canola and soybean seeds, as well as the pesticides that pair with them. Under the original deal, Bayer would have acquired a monopoly over herbicide-resistant cotton and canola in the United States and a near monopoly in some other crops, including cucumbers and carrots, the Justice Department found.
“America’s farm system is of critical importance to our economy, our food system and our way of life,” Makan Delrahim, the Justice Department’s top antitrust enforcer, told reporters Tuesday. “America’s farmers rely on head-to-head competition between Bayer and Monsanto.”
In addition to eliminating a direct competitor in some lines of business, the deal as proposed would have led to Bayer gaining anticompetitive leverage in other markets, according to the Justice Department.
By merging with Monsanto, regulators found, Bayer would become a major supplier of corn seed. After the merger, Bayer, which also sells a key seed treatment to corn farmers, would have an incentive to raise the price of the treatment knowing that farmers would have fewer choices of seed suppliers, the government alleged.
Regulators also ruled that Bayer and Monsanto would lose motivation to develop new crops, treatments and pesticides as a result of the merger. To address those concerns, the Justice Department will require Bayer to transfer several research facilities and projects to BASF, including a research center in North Carolina and a bank of soybean tissue samples used to develop new products.
“The proposed remedies will ensure that BASF can step into Bayer’s shoes, thereby preserving the competition that the merger would otherwise destroy,” the government said.
Concerns about competition have grown thanks to a wave of megamergers in the agricultural industry. Regulators last year signed off on mergers between DuPont and Dow Chemical, as well as ChemChina and Syngenta, concentrating global agrochemical research and sales in the hands of five companies.
The Monsanto-Bayer merger will further shrink that number to four, raising questions about the future of agricultural competition and innovation. Some critics of the deal said they were not satisfied by the terms disclosed Tuesday.
“Today’s news makes it clear that our antimonopoly laws are completely worthless and the U.S. Department of Justice merger review process is pointless,” said the Organization for Competitive Markets, a farm group that opposes megamergers, in a statement.
Angela Huffman, a spokeswoman for the group, added that while it could not yet predict the full impact on farmers, OCM expects the deal to raise seed and pesticide costs. That probably will have little impact on consumers, given that farm expenses account for only a small portion of food prices.
Bayer has defended the deal as the surest way to increase agricultural productivity as the world’s population grows, citing Monsanto’s advantage in plant genetics and Bayer’s portfolio of pesticides and other chemicals.
“Farmers will benefit from a range of new, superior solutions aimed at helping to advance the next generation of farming and to address some of society’s most pressing challenges,” the company says on a website advocating for the settlement.
The landmark settlement, if approved by a judge, would be a major victory for Delrahim, who was confirmed as President Trump’s assistant attorney general for antitrust issues last summer. Delrahim has argued that selling off assets is a more effective way to resolve anticompetitive mergers than forcing companies to abide by requirements that must be reviewed by regulators on an ongoing basis.
Tuesday’s settlement required close cooperation from the top executives of Bayer and Monsanto, said Justice Department officials, speaking on the condition of anonymity to discuss closed-door negotiations.
The chief executives of both companies traveled to Washington over the Easter holiday to be briefed about the government’s concerns with the deal, the government said.
People hold signs during a demonstration against agribusiness giant Monsanto in 2013. (Nicholas Kamm/AFP/Getty Images)
by Caitlin Dewey June 4 Email the author
This is the end of Monsanto as the world has long known it.
New owner Bayer announced Monday that it will nix the brand name as soon as August, when its $66 billion acquisition of Monsanto is expected to be complete.
The merger, approved by the Justice Department last week, will create the largest seed and agrochemical company on Earth, uniting Bayer’s pesticide business with Monsanto’s genetically modified crop portfolio.
[Justice Department approves Bayer-Monsanto merger
in landmark settlement]
In the process of amassing that portfolio, Monsanto has become one of the most-hated large companies in the world. Its name is regularly splashed across protest banners and invoked in arguments against the alleged harms of pesticides and GMOs.
The decision to drop Monsanto’s name is part of a wider campaign to win back consumer trust, said Liam Condon, president of Bayer’s Crop Science Division, during a Monday call with journalists. In a separate statement Monday, Bayer chief executive Werner Baumann said the company would redouble its efforts to engage with critics.
“The more important point now, once we change the company name, is that we talk about what the new company will stand for,” Condon said. “Just changing the name doesn’t do so much — we’ve got to explain to farmers and ultimately to consumers why this new company is important for farming, for agriculture and for food, and how that impacts consumers and the environment.”
Published on Sep 2, 2013
Supermarkets are flooded with GMO products, but how safe is it to eat them? Tasty and beautiful, they are produced with intervention unprecedented in history. Gene manipulation: how appropriate is it? Does it contribute to solving the food crisis on the planet? Or will humanity have to pay a costly price for meddling with what is not theirs. We talk to Jeffrey M. Smith, GMO researcher from the Institute for Responsible Technology.
Published on Dec 3, 2013
Monsanto were voted the most evil corporation in the world in 2011 by readers of Natural News – but why do they have such a bad reputation? We take a look at the history of the company, including Agent Orange and Polychlorine Biphenyls – or PCBs – right up to modern farming practices and genetically modified seeds, pesticides and crops.