Bayer’s Monsanto bid to create biggest agricultural supplier

German drugs giant Bayer has made a $62bn (£43bn) offer for Monsanto, in a deal that would create the world’s biggest agricultural supplier.

Bayer said the bid was an “extraordinary opportunity to create a global agriculture leader.”

Monsanto is primarily known for genetically modified crops, often leading to vocal activist criticism.

Last week, news of the deal angered Bayer investors, with one describing it as “arrogant empire-building”. Continue reading

The US ‘manufacturing renaissance’ doesn’t exist, says new report

Despite all the much-heralded talk of the rebirth of manufacturing, a new report suggests that the trend may be vastly overstated

Have we been letting a good story get in the way of the facts?

The “manufacturing renaissance” has been the central point in the return of America’s industrial power. It even has its own national council.

Yet here are the facts: the United States may have added only about one new manufacturing job in the last few years for every five that were lost during the financial crisis and the recession that followed.

That’s according to a new report from the Information Technology & Innovation Foundation, a non-partisan and non-profit think tank based in Washington, DC. The report was released early this morning.

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