Bayer Promising Billions in Research, Jobs in Merger with Monsanto

Bayer AG has promised President-elect Trump the Bayer-Monsanto merger will bring billions of dollars in research and development spending in the U.S. and make a significant commitment to creating jobs.

Trump’s transition team confirmed a deal was reached between Trump and Bayer despite the agreement still being analyzed by regulatory authorities.  Incoming White House Press Secretary Sean Spicer said Bayer has committed to $8 billion in new U.S. research and development.  Bayer added it will keep 100% of Monsanto’s 9,000 plus U.S. workforce, and add 3,000 new U.S. high-tech jobs.

The National Farmers Union called the announcement “deeply disturbing” if it leads to an approval of the Bayer-Monsanto acquisition by the incoming Trump Administration.  NFU President Roger Johnson urged Trump to “reject the notion that corporate consolidation benefits family farmers and rural America.”

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