German-based Bayer AG has committed to President-elect Donald Trump that it will invest $8 billion in American research and development as part of its deal to acquire Monsanto, Trump’s transition team said Tuesday.
Incoming White House press secretary Sean Spicer told reporters that Bayer will also protect all of Monsanto’s 9,000 American jobs while creating an additional 3,000 high-tech positions in the country. That agreement, he added, came after Trump met with CEOs from both companies last week.
In September, Bayer won shareholder approval for a $66 billion offer to buy seeds giant Monsanto, believed to be the largest all-cash company purchase ever. But the deal still faces regulatory hurdles in multiple countries, including in the United States.
In a joint statement, the two companies said the new jobs will focus on ways to “drive future innovation in agriculture” with positions like geneticists, data scientists and engineers. The companies added that the investment will go to both Monsanto’s St. Louis headquarters and other parts of the country.
Tuesday’s announcement far from the first time the Trump administration has pointed to promising news for American jobs as optimism about his incoming administration. Many announcements have come out of meetings with the president-elect, but Trump has received some criticism for taking credit when companies linked new job to Trump’s win when, in reality, they had already been public before his victory.
Spicer insisted that the new jobs were as a result of Bayer’s faith in Trump’s new administration.
“This new domestic expansion has not been broadcast anywhere previously,” Spicer said.
“The reason for this commitment and expansion is because of the president-elect’s focus on creating a better business climate here in the United States, which has already increased consumer small biz confidence since the election,” Spicer said.
http://thehill.com/business-a-lobbying/314559-trump-team-touts-8-billion-bayer-investment
“Incoming White House press secretary Sean Spicer told reporters that Bayer will also protect all of Monsanto’s 9,000 American jobs while creating an additional 3,000 high-tech positions in the country.”
Hey, those are the wrong jobs to protect, Donnie. Maybe you should try “FIRING” them instead.
COOL! LETS PLANT MORE G.M.O’S AND FINISH OBLITERATING OUR BEE POPULATION…………………………………………..AND POISON OUR CHILDREN
Absolutely correct, KOYOTE.
Bayer CropScience neonicotinoids have killed more bees than all other factors combined, from what I’ve read.
Headline should read. ..
“Genocidal kosher money cabal invests wisely in “new” liar-in-chief’s money-sucking cabinet. Pathetically lazy and delusional yet still hopeful retards STILL applaud the latest champion of their enslavement!”