5. This week in GMOs (Giants Merging Opulently)

The agribusiness behemoth Monsanto has accepted Bayer AG’s $66 billion takeover bid. The offer will be the largest all-cash deal to ever take place… if Bayer can get past regulatory hurdles in about 30 different jurisdictions. If it can’t, Bayer has to pay Monsanto $2 billion to make up for it. The deal would put Bayer in control of more than a quarter of the world’s seed and pesticide supply. This means Bayer’s biggest business is now agriculture-based, not healthcare. Could this mean less involvement in pharmaceuticals for Bayer? Most of that $66 billion came from bank loans and, as any college grad knows, owing the bank a lot of money means less cash to buy drugs.

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