| | 02/March/20
| | Bayer’s Roundup woes may force it to sell assets or borrow on unfavorable terms Bayer has acknowledged for the first time that lawsuits related to the controversial weedkiller Roundup could force it to sell assets, issue new equity or borrow money at unfavorable terms. In its annual report, Bayer said that it “may incur considerable financial disadvantages” from pending suits as well as future cases from US plaintiffs who say the herbicide causes cancer. Bloomberg via Yahoo! Finance Pressure mounts on Bayer CEO to fix legal problems as chairman quits The departure of Bayer Chairman Werner Wenning will turn up the heat on CEO Werner Baumann to resolve the healthcare to agriculture group’s legal problems, shareholders say. Janne Werning, in charge of environmental, social and governance issues at Union Investment, said Wenning’s departure came at the right time. “Mr Wenning was closely associated with the current difficult situation. It’s now essential that Bayer’s further strategic positioning is subject to independent oversight,” he told Reuters. [GMW: This Reuters story reinforces the significance of Bayer’s Chairman Werner Wenning stepping down. Wenning shaped the strategy (over decades) that led to company's takeover of Monsanto. He was also the CEO Werner Baumann’s supporter. So with Wenning gone, the company's massive GMOs and agrochemicals strategy is much more open to question, and so too is Baumann if he tries to persist with it.] Reuters Tory manifesto "silent" on GM crops as govt negotiates US-UK trade deal Chlorinated chicken will not be imported into the UK after Brexit, ministers have said. Trade secretary Liz Truss is to publish a blueprint for trade talks with the US on Monday. Campaigners have warned against allowing in American farm produce, which they say is produced to lower standards. But sources said ministers had agreed there will be no relaxation of animal welfare standards – effectively ruling out chlorinated chicken. However, Government sources cautioned that ministers were not proposing a blanket ban on cheap American food. One pointed out that, while the Tory manifesto talked about "safeguarding high standards of animal welfare" in any deal, it was silent on issues such as GM crops, which are produced on an industrial scale in the US. Daily Mail Five foods a US trade deal could bring to the UK Nothing symbolises British fears of a standard-slashing US trade deal better than chlorinated chickens. But chicken is only the tip of the iceberg. Despite government claims, here are five other unpleasant foods that could make their way to our menus as part of a UK-US trade deal (GM food is among them). The Guardian DONATE TO GMWATCH __________________________________________________________ Website: http://www.gmwatch.org
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