As most of you know, Bayer now owns Monsanto. To make it happen,
it forked out $66 billion in 2018. Among the new parent's problems?
Lawsuits against
Monsanto's best-selling herbicide, Roundup.
Catch this, from fiercepharma[dot]com: "Recently, in a key bellwether
trial, a U.S. federal jury in San Francisco found Bayer liable for
plaintiff Edwin Hardeman's non-Hodgkin lymphoma [caused by Monsanto's
Roundup] and awarded him $80 million in damages. Bayer
said it plans to appeal, as it is doing with a [similar] California
state suit that awarded the plaintiff $78 million. Still, there are more
than 11,200 other similar suits [against Roundup], according to Bayer's
last tally."
Therefore, key Bayer shareholders are angry at Bayer's board for
greenlighting the 2018 buyout of Monsanto. Bayer intends to eradicate
the name "Monsanto," and do business under a fully merged single name,
its own. But for now, that hasn't stopped the flood
of lawsuits against Bayer aimed at its adopted child, Monsanto/Roundup.
What about sales of Roundup? As early as 2016, for several reasons, a
sharp decline had already set in. One reason: in 2015, the World Health
Organization had declared glyphosate, the prime ingredient in Roundup
"a probably carcinogen." Monsanto moved to
cut 16% of its work force.
Bayer appears to be "taking one for the team." It certainly bought
Monsanto knowing full well that Roundup was going to be a big problem.
It knew Monsanto had garnered a horrendous reputation from one end of
the planet to the other-owing in part to Roundup,
and also the disastrous pioneering of GMO crops. But big daddy Bayer
didn't flinch. After all, it has territory to defend---it's in the same
basic business as Monsanto was: genetic manipulation. To protect and
sanitize that Brave New World territory, long-term,
Bayer aims to swallow Monsanto whole, no matter how much penalty-money
that costs, thus making Monsanto disappear for future generations.
"Monsanto? Oh yes. Wasn't that some kind of farming company? Or a music group?"
That's the game here. A handful of giant biotech companies (and their
shadowy backers) intend to OWN the future, via various forms of radical
gene-alteration, in plants, animals, and humans. They want nothing to
hinder that agenda. Monsanto was a stain.
It brought down heavy attacks on the whole "genetic community."
Therefore, it had to go. The only question was: who would come up with
the huge buyout cash and make the sacrifice?
Bayer.
Once the core of the infamous Nazi cartel, IG Farben, Bayer had a
history of re-writing history. Long term, it would know how to make
Monsanto vanish, as if it had never existed.
That operation is now underway.
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