Bayer has launched a $62bn bid for the US base Monsanto group, hoping to form the world’s largest seed and crop Chemicals Company. Bayer has valued Monsanto at some odd $128 per share. However, in market Monsanto’s shares have been trading at $ 102.67 at the time of making this video.
This deal may raise multiple Anti-trust (Competition) issue both in USA and EU. Further, this deal is also likely to raise concerns in other jurisdictions such as China and Brazil.
EU’s competition commission is likely to assess the deal independent of other market dynamics, on a first come first serve basis. Hence, merger of Dow-DuPont and ChemChina-Syngenta are least likely to affect their decision. Further, commission has also stated that political variables are least likely to affect the decision. However, the commission is worried about the seed price hike in EU due to the mergers.
In US when several deals arise simultaneously, the justice department normally looks “holistically” at the market consequences. If approving all would reduce competition, then staffers consider alternative scenarios involving one or more rejections or required spin-offs.
Farmers in the US are already starting to worry about the impact of reduced competition and choice. Crop prices have more than halved over the past three years, putting pressure on farm incomes, so they are particularly vulnerable to higher prices for inputs such as seeds. Reduced innovation is another major concerns for the US watch Dog. Prices of seeds are also likely to rise due to reduced competition in the market. Other mergers within the market are further cause of concerns!
On Friday, 9th of September North Korea conducted a nuclear test for the fifth time on the country’s National Day. The only difference is that this time it was successful and much more powerful. This had led to outrage all over the world, with many leaders reacting angrily. China opposed the test, with South Korea terming the leader maniac and the US warning the North of serious consequences with further new sanctions. The main question popping out of the entire issues is whether the sanctions have worked in any way to deter the North from raising its nuclear arsenal?
India’s advanced next generation submarines, Scorpene data leak case has taken a big form. This is detrimental to Indian national security, even though government, navy and a bunch of old navy men think tanks would want to think otherwise. This leak also poses a threat to the commercial interests of French contractor DCNS, the manufacturer of these submarines. This could lead to questions being raised against standards of data protection in the firm. Their contract for manufacture of similar submarines in Australia is under lens as well.
Burning Man is both a celebration and a cultural movement; it’s a fiery symposium of ideas, art, and technology. These films capture the reverie and the reverence of Black Rock City and beyond; they focus on the hard work and community-mindedness it takes to raise a city from the dust and then translate that community into everyday life all over the world. For more info visit http://www.burningman.org.
Prime Minister Narendra Modi spoke about atrocities and human rights violations by Pakistani army in Pakistan’s Baluchistan region, in his speech on the occasion of Independence Day of India.
Structure of talk is as follows:
1. Background of Baluchistan conflict
2. Human Rights aspects involved
3. Implications and contextualization of the issue on larger international forum