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OpEdNews Op Eds    H1'ed 3/23/19

Bayer/Monsanto Stock Bombs, Takes a Well Deserved Brutal Beating; Financial Outlook is Bleak, Prognosis is Bad

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Bayer stocks PLUMMET after Roundup ruling A federal jury has decided against agrochemical giant Monsanto, concluding that the company's weed killer contributed to the cancer of 70-year-old Edwin ...
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CreditSights in a note writes: "This isn't the way Bayer expected the first bellwether trial of the federal [multidistrict litigation] cases to go, particularly in light of the fact that this was one of the better chessboards it was facing at trial." At the end of last year there were 11,200 cases related to glyphosate in multiple districts. That is the Roundup ingredient that plaintiffs argue causes cancer, according to Citigroup analysts.

Market Watch: In retrospect, Bayer's purchase of Monsanto violated nearly every rule of M&A. Bayer was a venerable, if fading, chemical and drug giantmost famous in the U.S. for Bayer aspirin. By the time it acted, it needed a megadeal. In Monsanto, it was chasing a savvy, M&A- and research-and-development-driven company with major global seed and farm-chemicals businesses.

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Bayer's Latest Legal Setback Spooks Financial Markets (Barron's article by Alexandra Scaggs 3/20)

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>>>>

Here's What the Street's Saying About Bayer's Share Price Plunge (Bloomberg, By Joe Easton 3/20)

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>>>>

Analysts sound alarm bells over Roundup weed killer ruling---Shares plummet as settlements seen reaching $5 billion-plus

Bayer (ticker: BAYRY) shares are down nearly 10% today after a California jury found that its subsidiary Monsanto's Roundup weed killer product was responsible for a plaintiff's non-Hodgkin lymphoma. Bayer's debt prices got hit, as well, Bloomberg data show.

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The back story: The Roundup product was created by Monsanto, which was purchased by Bayer last year in a deal worth more than $60 billion, largely financed by debt. At the time of the €20 billion ($22.7 billion) bond sale, investors and analysts were aware of the risk of litigation against Monsanto. Since the deal, Bayer has retired the Monsanto brand name.

What's new? On Tuesday a northern California jury found that Monsanto's Roundup product was a "substantial factor" in causing plaintiff Edwin Hardeman's cancer.

Looking ahead: It isn't clear yet how much Bayer will need to pay in this case. The second part of the trial, in which the court will determine punitive damages, begins today. Bayer signaled its willingness to appeal the ruling in a statement that said it would continue to "rigorously defend" its Roundup product.

Citigroup argues that a St. Louis trial beginning on April 1 will be a better gauge of Bayer's potential liabilities. The analysts write that about €22 billion of litigation risk is already priced into Bayer's stock.

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Stephen Fox

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I have been writing for several years about this inevitable and on-going stock price drop for Bayer/Monsanto, and not just because of Roundup, but all of the general legal liabilities resultant from decades of corporate and biochemical mayhem.


Having studied their record for several decades, I can hope that this company will be wiped off the face of the earth FOREVER, with the judgments, that are bound to pile up.


Whenever this happens, it won't be soon enough.


Absurd and pathetic that the best two videos on these subjects are on Russian Television and almost nowhere else in news videos.


The one below explains how Bayer/Monsanto forced the trial to be bifurcated into two parts, the first to prove the medical causation and liability, and the second, to assess the amount of damages.


They set the bar high for the first one, which the judge went along with, for all six members of the Federal Jury to reach a UNANIMOUS DECISION.


They did, and it will prove to be the second mortal blow to Bayer/Monsanto, because this was supposed to be a "bell-weather" trial to determine much of what will follow in hundreds of more trials before the same judge, Vince Chhabria


Judge Chhabria legal career including working long ago for a law firm that defended another one of Monsanto's most horrible carcinogenic products, Recombinant Bovine Growth Hormone (and no, folks! thanks to the protective efforts and the revolving door at the FDA and one Michael R. Taylor, you won't be seeing any labels at all identifying its presence in your milk, cheese, or beef!)



AMAZING- Bayer tried to hide evidence in Monsanto trial AMAZING- Bayer tried to hide evidence in Monsanto trial planetnews.ga Protect your identity, Get your VPN access using our sponsor by copying this link ...
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Submitted on Saturday, Mar 23, 2019 at 3:47:49 AM

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HOW TO REMOVE THE "RATE THIS" BOX?

Submitted on Saturday, Mar 23, 2019 at 4:12:39 AM

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Re/ the article...

This is not to mention that Bayer and Monsanto, now one, are part and parcel of everyone's hated Cigarette Industry via their (now "its") still legal tobacco pesticides.

Simple search for "Bayer Tobacco Pesticides" and "Monsanto Glyphosate Tobacco" turns up ample info.

Many focus almost entirely on pesticides on food crops, but that fails to note that inhalation of those chem residues is the worst possible exposure path because of efficiency of the lungs.


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Submitted on Saturday, Mar 23, 2019 at 4:23:24 AM

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I am glad you mentioned that again, John.


The thing that galls me the most is that Glyphosate is in most oat meal, and second most, that 83% of the women in Maternity wards in one NE Brazilian state largely devoted to soybeans after the jungle was destroyed, all have glyphosate in their breast milk.



Brazilian Middlewest, soybean and corn harvest 2018 Rio Verde GO This 4k drone harvest was shot around Rio Verde (municipality in the Brazilian state of Goia's) which is the largest grain producer in the state of Goia's, the ...
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Submitted on Saturday, Mar 23, 2019 at 4:39:25 AM

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Are you talking about how the rating box now interferes with the area you type your comment?

I've just started seeing that in the last few days, and there doesn't seem to be a solution from the user's end. It's a headache that seems to happen in all browsers, too.

Someone at OEN needs to change how the page assembles.

Submitted on Saturday, Mar 23, 2019 at 4:33:39 PM

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thanks for the explanation, I'll tell the web guy.

Submitted on Sunday, Mar 24, 2019 at 1:44:03 PM

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Kyle Gordy

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Fines are just a built in cost of doing business and obviously haven't worked. We need to start jailing CEOs.

Submitted on Saturday, Mar 23, 2019 at 5:57:33 PM

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There should also be prison sentences for those producing the false commissioned reports for all these harmful substances, as well as those in the business of "regulation" that take money to look the other way.

Submitted on Saturday, Mar 23, 2019 at 6:05:08 PM

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You are so correct; thank you.


Bribes to the regulators will be much harder to prove, but could be easier with inside whistle-blowers and with cooperating witnesses anxious to obtain lighter sentences.


Unfortunately, I don't think many of the IG Farben executives who made the Zyklon B insecticide gas used in the Holocaust to kill 6 million Jews, actually went to jail. One went on to merge his company with Bayer! That is the kind of massive historical basis for genocide we are dealing with, which allows many many criminals to get away with light sentences or to get away entirely.

In addition to the video below, please see also:

MONSANTO/BAYER MERGER: SHADY HISTORICAL ORIGINS, IG FARBEN, HITLER'S CHEMICAL GENETIC ENGINEERING CARTEL



I.G. Farben today What it was left of the chemical industries.
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Settling a few lawsuits, this, they were prepared for, but not 11,000 cases!


And make no mistake: fines are not the same as massive judgments from a court of law and a jury.



Bayer faces more than 11,000 lawsuits over cancer in the U.S. Monsanto, a division of Bayer, suffered a second major defeat in litigation over weed killer that has been linked to cancer. Timothy Chubb CIO of Girard Partners ...
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Karma at work. How sweet it is. Thanks, Stephen!

Submitted on Sunday, Mar 24, 2019 at 1:45:41 PM

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I won't be happy until a lot worse happens to them, which I think is in the mix. This is a long and important video from Australia:



The Monsanto Papers | Four Corners Four Corners investigates the secret tactics used by global chemical giant #Monsanto to protect its billion-dollar business and its star product -- the weed killer, ...
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