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CBS News (June 5)

2018/ 06/ 07 by jd in Global News

Following the close of the Bayer Monsanto merger, a “toxic corporate name” will be retired. Soon after the $60 billion all-cash deal closes on Wednesday, the Monsanto name will be retired. Bayer “wanted the pesticide producer but seemingly not all the associated baggage that comes with the name.” The decision shows “how anti-Monsanto demonstrations over the years have succeeded in molding the public’s view of the company.”

 

Bloomberg (February 23)

2018/ 02/ 24 by jd in Global News

“Beijing’s interventions in the economy don’t always merit applause, but the government’s unprecedented seizure of Anbang Insurance Group Co. deserves a round. Anbang was a toxic threat to China’s financial system.” With total assets estimated to be “a staggering 3.4 percent of China’s GDP,” Anbang had the potential to deliver a shock “comparable to Lehman Brothers Holdings Inc. or American International Group Inc. in the U.S.” Chinese authorities have “nipped a potential disaster in the bud.”

 

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