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Anne Elk
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Anne Elk
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BrontosaurusTheorist
PostTue Jun 11, 2019 11:43 pm 
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up.gif  up.gif And per my comments on same to your personal email last week.

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PostFri Jun 14, 2019 10:45 am 
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Reuters, on June 14, 2019 wrote:

By Douglas Busvine and Ludwig Burger

FRANKFURT (Reuters) - Germany's Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it would invest 5 billion euros ($5.6 billion) in weedkiller research.

Bayer's shares hit seven-year lows after a California couple was last month awarded more than $2 billion in the largest-ever U.S. jury award over claims that glyphosate-based weedkiller Roundup, which the German life sciences group acquired when it took over Monsanto, causes cancer.

As well as saying it would invest 5 billion euros in research over the next ten years, Bayer promised to reduce its environmental impact by 30% through 2030 via measures such as more precise and more sparing application of crop chemicals.

"We listened. We learned," Bayer said on its website https://www.bayer.com/en/our-commitments-on-transparency-sustainability-and-engagement.aspx, adding that it had "heightened responsibility and ... unique potential to advance farming for the benefit of society and the planet."

The share price slide has left Bayer with a market valuation of $56 billion, less than it paid for Monsanto, piling pressure on CEO Werner Baumann who championed the takeover and who has faced a backlash from shareholders.

"While glyphosate will continue to play an important role in agriculture and in Bayer's portfolio, the company is committed to offering more choices for growers," said Bayer, which maintains that glyphosate is safe.

Its move follows a third consecutive U.S. jury verdict against Roundup, which Bayer acquired as part of its $63 billion purchase of Monsanto last year. Bayer says glyphosate is safe.

A spokesman said the investments in weed control were part of a previously approved budget.

INSECT BACKLASH

Baumann has beefed up Bayer's public relations machine in an attempt to repair its image, which also faces a backlash in Germany over a collapse in insect populations, which environmentalists blame on pesticides used in farming.

Matthias Berninger, a former German deputy agriculture minister and green-party politician, was hired as chief lobbyist earlier this year and is due to unveil a new sustainability strategy for Bayer in the second half.

Bayer said it would seek to reduce its environmental footprint by scaling down crop protection volumes and enabling more precise application. It would increase transparency around research efforts and the forthcoming process of re-registering glyphosate in the European Union.

"This will help to restore and retain biodiversity, combat climate change, and make the most efficient use of natural resources," it said.

Bayer added it will only sell crop protection products in developing countries if they also meet the safety standards of a majority of eight leading global regulators in jurisdictions such as the EU, the United States or Brazil.

Western crop chemicals companies have faced criticism from environmentalists for selling products in developing countries with local approval, even though clearance at home had ended.

A spokesman said no products had been withdrawn yet and Bayer would now look into its product portfolio.

($1 = 0.8873 euros)

(Additional reporting by Tassilo Hummel in Berlin, Editing by Kirsten Donovan and Alexander Smith)

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InvestorPlace, on June 12, 2019 wrote:

A cereal study conducted this year discovered that the active ingredient in Monsanto’s weed killer Roundup is still in Cheerios and other cereals.

Cereal Study

There are 21 oat-based cereal and snack products that tested positive for traces of glyphosate, the aforementioned active ingredient in these products. The chemical is found in Roundup, which has led to a number of trials that claim the weedkiller causes cancer in the people who consume it.

The study was conducted by the Environmental Working Group (EWG), which said that the tests found glyphosate levels that were above what it considers to be safe for children in all but four of the products it tested. The 21 products that it tested were all made by General Mills (NYSE:GIS), which includes six varieties of Cheerios, as well as 14 of General Mills’ Nature Valley products, including Nature Valley granola bars.

General Mills responded by saying that food safety is a “top priority” for the company, which said it is making an active effort to reduce the use of pesticides on the ingredients it uses. “Most crops grown in fields use some form of pesticides and trace amounts are found in the majority of food we all eat,” the company said in an emailed statement.

“Experts at the FDA and EPA determine the safe levels for food products,” which the company says it adheres to–the farmers that grow these crops do too, the business said.


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I have heard the mermaids singing, each to each."
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PostFri Jun 14, 2019 12:35 pm 
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InvestorPlace wrote:
"...a number of trials that claim the weedkiller causes cancer in the people who consume it."

wait..... what?

you mean I'm not supposed to eat glyphosate?

wonder if motor oil or antifreeze is okay.... ? dizzy.gif

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"I shall wear white flannel trousers, and walk upon the beach. 
I have heard the mermaids singing, each to each."
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