A special review panel of U.S. officials "has concluded there are no unresolved national security concerns" in the proposed purchase by German chemical giant Bayer of St. Louis-based Monsanto for $66 billion. "Bayer and Monsanto will continue to cooperate with the authorities in order to complete the transaction in early 2018," said a terse joint statement by the companies.
A Trump administration appointee at EPA has taken an influential role in federal assessment of the risk posed by hazardous chemicals, "making it more aligned with the industry's wishes," reports the New York Times. The new approach includes the EPA decision in March to allow continued agriculture use of chlorpyrifos, an insecticide criticized as a risk to children and farmworkers.
The administrative arm of the European Union approved the merger of Dow and DuPont based on their promises to divest some assets, says Deutsche Welle. It was the first decision on a wave of proposed consolidations that would reshape the seed and ag-chemical sector into a "big three," down from the six firms that now compete.
The executives who want to create the largest seed and ag chemical company in the world told President-elect Donald Trump that they would spend at least $16 billion over six years on agricultural research in the United States if regulators approve Bayer's purchase of Monsanto.