Tag Archive for ‘Monsanto’
By meeting with the CEOs of Monsanto and Bayer, which are seeking to merge, as well as the head of AT&T, which is trying to merge with Time Warner, Trump has violated decades of White House practice by injecting himself directly into mergers awaiting Justice Department review.
The so-called Monsanto Protection Act is actually a provision within a recently passed Congressional spending bill which exempts biotech companies from litigation in regard to the making, selling and distribution of genetically engineered (GE) seeds and plants. President Obama signed the bill and its controversial rider into law in March 2013 much to the dismay of environmentalists.
Food products made with soy have enjoyed great popularity in the U.S. and elsewhere in recent years. Two decades ago, Americans spent $300 million a year on soy food products; today we spend over $4 billion. More and more adults are substituting soy—a great source of protein—for meat, while a quarter of all baby formula contains soy instead of milk. Many school lunch programs nationwide have added soy-based veggie burgers to their menus, as have countless restaurants, including diners and fast food chains.
Reporter James Hyatt says that depending on whom you ask, when it comes to shareholder activism and corporate governance issues this year’s proxy season is a glass half full, a glass half empty, or a glass completely shattered.