Trump team says Bayer/Monsanto assure Trump on innovation
The Trump transition team reportedly says Bayer and Monsanto have assured the president-elect they will invest $16 Billion dollars in research and development, half of that to be spent in the U.S., if the merger of the two companies is approved. Trump met with the CEOs of both companies last week. In a joint statement, Bayer and Monsanto confirmed their commitment to increased innovation to benefit farmers. That’s one of the chief concerns of critics who say the combined companies, and two other pending ag company mergers, would limit innovation and reduce choices for farmers.
Monsanto shares went up a half a percent on the news today (Tuesday).
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