Word: monsanto
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Dates: during 2000-2009
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...that soy oil gets hydrogenated, according to Mark Matlock, senior vice president of food research at Archer Daniels Midland (ADM). But alternatives are on the horizon. ADM, for example, has developed oils that not only behave like hydrogenated oils but also, Matlock says, are relatively healthy. The biotech giant Monsanto, meanwhile, is working on a variety of seeds for a stable soy oil. The first non-genetically-engineered batch of those will produce only 80 million lbs. of oil this year, according to Robert Reeves, executive director of the industry's Institute of Shortening and Edible Oils...
...coming of age of biotechnology has not escaped the notice of established corporations. Companies with large investments in genetic research range from chemical firms like Du Pont and Monsanto to oil giants, including Exxon and Chevron. The most active players are the pharmaceutical houses, which have been feverishly striking alliances with the biotech companies. A recent licensing agreement allows Johnson & Johnson to sell products developed by Amgen of Thousand Oaks, Calif...
...health-care industry is bubbling with billion-dollar mergers. American Hospital Supply, the nation's largest distributor of hospital supplies, agreed last week to merge with Baxter Travenol Laboratories, the third-biggest hospital-supply company, in a deal valued at $3.8 billion. Monsanto has also agreed to acquire G.D. Searle for $2.7 billion, giving the chemical giant a long-desired place in the Pharmaceuticals market...
...responsible for strategy in elections expected next year - a role previously held by Blair's political rival, Chancellor of the Exchequer Gordon Brown. Modified Policy EUROPEAN UNION The European Commission gave its first approval to genetically modified seeds. The 17 strains of maize seed, engineered by U.S. biotech firm Monsanto to resist certain insects, can now be grown anywhere in the E.U. Environmental groups fear cross-contamination of conventional crops. Pay Up POLAND Parliament unanimously passed a resolution demanding that the government seek reparations from Germany for the destruction and losses suffered by Poland as a result of "German aggression...
...statin market, there's no looking back. By year's end, Johnson & Johnson and Merck say, they'll appeal to the U.S. Food and Drug Administration to allow over-the-counter statins in the U.S. Can the Continent be far behind? - By Adam Smith Mixed Fortunes U.S. biotech firm Monsanto shelved plans to introduce the world's first genetically modified wheat, after U.S. farmers claimed there was no market for the crop abroad. Meanwhile, the E.U. said it would approve the sale of GM corn in the region this week...