Back in 2018, evil got a shot in the arm when Nazi collaborators Bayer were allowed to buy Big Ag monopolists Monsanto, celebrating the marriage by getting rid of the Monsanto name (on the grounds that Monsanto's tactics had tarnished their reputation even worse than Bayer's use of concentration camp slaves and fatal medical experiments on Jews and others imprisoned by the Nazis, to say nothing of their notorious product Zyklon B).
Monsanto's flagship product is Roundup (glyphosate), a weedkiller that works in combination with GMO strains of crops that are unaffected by glyphosate's active ingredients. Glyphosate has long been suspected of causing harm in humans and other living things, a conclusion supported by Monsanto's own accidentally exposed internal memoranda.
Now, Bayer may be regretting its merger, after a California jury awarded a couple $2b in damages in a suit that alleged that Roundup had given them cancer (Bayer says it will appeal). 13,400 other Americans have pending suits against the company.
Bayer's shares have dropped 45% over the past 12 months (2% this week!). Bayer management is facing a flurry of shareholder action from furious investors who say that Monsanto's future Roundup liability should have made the merger a nonstarter.
Last month, over 55% of voting shareholders refused to endorse the actions of management at the company's annual meeting, a rebuke that Berenberg analyst Sebastian Bray described as "unprecedented" in Germany.
Investors want to know whether management did their homework on Monsanto before moving ahead with a $63 billion merger, which closed in 2018. Some believe it's time to consider dramatic structural changes, such as dividing up Bayer's pharmaceutical and agriculture businesses.
Bayer rocked by record $2 billion Roundup verdict [Julia Horowitz/CNN Business]
The looming threat of mass-unemployment driven by automation has been grossly overstated: while it's true that "truck driver" is one of the most common jobs in America, the vast majority of truck drivers are not long-haul drivers, which are the drivers at risk of having their jobs automated out of existence.
A combination of hubris (failing to heed the stern warnings that bidders should only participate if they know what they're doing), cryptic annotations and confusing illustrations resulted in a bidder buying a 12" wide, 100' long strip between two properties in Broward County, Florida -- an odd parcel that had been formerly owned by the […]
Internet Archive founder Brewster Kahle (who also founded the company Alexa, now an Amazon division) ordered a pack of Sharpies from Amazon using the Internet Archive's business account, then, minutes later, ordered another pack using his personal account, both to be delivered to the Internet Archive: the order for the Internet Archive was priced at […]
Even if you feel like AirPods are worth the price tag, you’ve got to admit there’s a certain anxiety that comes with using them. What if I lose them? What if they get wet in the rain? Or drenched in sweat? Or fall into the drink you dropped them into? Shiny tech is great, but […]
With the quick-fix appeal of video games and their own cell phones, it can be tough to keep kids focused on supposedly “educational” toys. And while it may seem counter-intuitive to fight tech with more tech, we’re all in when it comes to the Toybox 3D Printer. We’re not sure if anyone had envisioned a […]
Whether you’re an artist, designer or just organizing a photo album, photo editing software is a must. And software designers know it: Platforms like Photoshop and Lightroom have a ton of helpful features, but you’ll pay for them in spades. Luckily, there’s some competition in the photo editing arena. Right now, Skylum’s Luminar software is […]