Monsanto Co (MON.N) Key Developments |
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Monsanto Co (MON.N)

MON.N on New York Stock Exchange

24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Monsanto Co - EU food safety watchdog hits back at scientists in glyphosate row - Reuters
Wednesday, 13 Jan 2016 01:27am EST 

Monsanto Co:The head of Europe's food safety watchdog has written to a group of nearly 100 senior scientists strongly rejecting their criticisms in a row about the safety of weed-killer ingredient glyphosate. - RTRS.The European Food Safety Authority (EFSA), which advises European Union policymakers, issued an opinion in November that glyphosate is unlikely to cause cancer - RTRS.That was at odds with a view from the World Health Organization's International Agency for Research on Cancer (IARC), sparked outrage among environmental campaigners and divided the scientific community. - RTRS.The IARC said in March that glyphosate is "probably carcinogenic to humans" while environmental groups have been calling for a ban on glyphosate - RTRS.Ninety-six academics from around the world signed an open letter to European Health Commissioner Vytenis Andriukaitis, dated Nov. 27, urging EU authorities to ignore the European watchdogs's opinion. - RTRS.It was written by Christopher Portier from the U.S.-based non-governmental organisation the Environmental Defense Fund. Portier was also a specialist consulted during the IARC's research on glyphosate. - RTRS.EFSA's opinion could lead the 28-member European Union to renew approval for glyphosate, which was brought into use by Monsanto MON.N in the 1970s and is used in its top-selling product Roundup and many other herbicides around the world - RTRS.  Full Article

Monsanto Co expands cost-cutting plan to eliminate 1,000 jobs - AP
Wednesday, 6 Jan 2016 10:01am EST 

Monsanto Co:Monsanto says it will eliminate another 1,000 jobs as it expands a cost-cutting plan designed to deal with falling sales of biotech-corn seeds and other financial pressures - AP.The additional layoffs will bring the company's planned total cuts to 3,600 jobs, or about 16 percent of its workforce. In October the company first announced the restructuring plan, intended to streamline its sales, R&D and other operations - AP.The company says the additional cuts will help generate approximately $1.1 billion to $1.2 billion in total savings, up from previous estimates of $850 million to $900 million. - AP.Monsanto on Wednesday announced it swung to a loss in the first fiscal quarter, amid foreign currency pressures and falling sales of its biotech-enhanced corn seeds. Results, adjusted for one-time gains and losses, beat Wall Street estimates. - AP.  Full Article

Monsanto Co - Scientists assembled for Monsanto say herbicide not carcinogenic, disputing WHO report - Reuters
Monday, 7 Dec 2015 06:42pm EST 

Monsanto Co:A panel of scientists is disputing a World Health Organization report published earlier this year that concluded glyphosate, the world's most widely used weed killer and main ingredient in Monsanto Co's Roundup herbicide, is probably carcinogenic to humans - RTRS.The 16-member panel, assembled by Intertek Scientific & Regulatory Consultancy, will present its findings to the annual meeting of the Society for Risk Analysis on Monday, aiming to publish the study at a later date after peer review - RTRS.Monsanto paid Intertek for the panel's work - RTRS.The group said that the WHO's International Agency for Research on Cancer (IARC) misinterpreted or incorrectly weighted some of the data it reviewed and ignored other data before classifying glyphosate as a probable human carcinogen, according to an abstract of its findings - RTRS."Thus, none of the results from a very large database, using different methodologies, provides evidence of, or a potential mechanism for, human carcinogenesis," the abstract said. - RTRS.The panel's assessment is similar to that of the European Food Safety Authority (EFSA), which last month said glyphosate was not likely carcinogenic - RTRS.Ten of the 16 scientists on the Intertek panel have been consultants for Monsanto in the past and two others are former Monsanto employees, according to a roster published on Monsanto's website - RTRS.  Full Article

Monsanto Board Approves Quarterly Dividend of 54 Cents Per Share
Monday, 7 Dec 2015 02:33pm EST 

Monsanto Company:declared a quarterly dividend on its common stock of 54 cents per share.dividend relates to the company's first quarter of its 2016 fiscal year and is payable on January 29, 2016, to shareowners of record on January 8, 2016.  Full Article

Monsanto Co - Mexico's top court blocks move to plant genetically modified soya - Reuters
Thursday, 5 Nov 2015 12:31am EST 

Monsanto Co:Mexico's Supreme Court on Wednesday blocked a move to allow the planting of genetically modified soya seeds in two states, arguing that indigenous communities that had fought the move should be consulted before it was approved - RTRS.In a statement, the court said that the five justices had voted unanimously to grant an injunction against Mexico's agriculture ministry SAGARPA, which had given the permissions in the southern Mexican states of Campeche and Yucatan - RTRS.On the court docket, U.S. agriculture giant Monsanto Co appeared among the list of interested parties in the case - RTRS.In a statement, Monsanto MON.N said it respected the court's decision and would wait to see the full text of the ruling - RTRS.  Full Article

Monsanto Co - India to screen GM cotton hybrids after pest attacks - RTRS
Wednesday, 4 Nov 2015 06:14pm EST 

Monsanto Co:India will screen genetically modified (GM) cotton hybrids on sale in the country to identify the varieties that are resistant to whitefly, a pest that recently caused extensive damages to crops in two northern states, a government official said - RTRS.The whitefly attack on the Bt cotton variety in Punjab and Haryana was the first major infestation since India adopted transgenic cotton in 2002 - RTRS.It has stoked worries over the vulnerability of the GM seeds that yield nearly all of the cotton in the world's top producer - RTRS.The federal agriculture ministry does not want to take any chances as the pest could thrive and affect nearby farms growing vegetables, said P.K. Chakrabarty, an assistant director general of the Indian Council of Agricultural Research - RTRS."Out of the 1,128 hybrids, we have asked to see which have an inherent tolerance to whitefly," Chakrabarty told Reuters on Thursday. "The government will screen the available hybrids and then put up a list. That will sensitise private producers to select suitable hybrids only." - RTRS.A joint venture of Monsanto with Maharashtra Hybrid Seeds Co Pvt Ltd, Kaveri Seeds and Bayer Bioscience Pvt Ltd are among companies allowed to sell GM cotton hybrids in India - RTRS.Bt cotton was tweaked by scientists at Monsanto to produce its own insecticide to kill bollworms. But two years of drought in India have encouraged the spread of whitefly against which the strain has no resistance - RTRS.  Full Article

Monsanto Co - French Monsanto research site damaged in suspected arson attack - Reuters
Wednesday, 28 Oct 2015 05:55am EDT 

Monsanto Co:A Monsanto MON.N research centre in western France suffered heavy fire damage in a suspected arson attack early Wednesday morning, the official in charge of the site said - RTRS.The official, Jakob Witten, said police investigators "strongly suspect it was a crime as no electrical or other sources were found." - RTRS.The fire was ignited from two different places at the site, where about 10 people work and which is specialised in maize research. The smell of petrol lingered near the building, which had heavy damage in its reception hall and offices - RTRS."No Monsanto sites in Europe have so far been the victim of fires of criminal origin, this is unprecedented violence," Witten said- RTRS.  Full Article

Monsanto Co to shutter three R&D centers in 2016, cut 90 jobs - Reuters
Monday, 26 Oct 2015 06:31pm EDT 

Monsanto Co:Monsanto Co plans to shutter three research and development centers in 2016 with a loss of about 90 jobs, it said on Monday, as it restructures operations to cut costs in a slumping agricultural commodity market - RTRS.The centers are in Middleton, Wisconsin, and Mystic, Connecticut, both of which focus on seed trait development research, and Research Triangle Park, North Carolina, which focuses on research on plant screening and phenotyping - RTRS.The company plans to close the Middleton center in the first half of 2016, and the Mystic and Research Triangle Park locations in the second half of the year - RTRS.The three research centers currently employ 155 people. A Monsanto spokesman said the company plans to move about 65 of those jobs to its Chesterfield Research Village in the St. Louis, Missouri, area - RTRS.Workers at the three centers were told about the cuts on Monday. Employees who are offered a job in St. Louis but decide not to take it will be given a severance package, the company said - RTRS.Other affected workers will also be given a severance package, including pay, extended benefits and educational assistance, among other things - RTRS.  Full Article

Monsanto Co asks California to pull plan to list herbicide as cancer cause - Reuters
Tuesday, 20 Oct 2015 06:57pm EDT 

Monsanto Co:A plan by California environmental officials to list a commonly used herbicide as cancer-causing should be withdrawn, Monsanto Co told state regulators on Tuesday, saying California's actions could be considered illegal because they are not considering valid scientific evidence - RTRS.The formal comments were filed by Monsanto with the state's Office of Environmental Health Hazard Assessment (OEHHA), part of California's environmental regulatory office, on the final day the state accepted public comments about its intention to list glyphosate as a cause of cancer - RTRS.Glyphosate is the main ingredient in Monsanto's Roundup herbicide as well as many other herbicides - RTRS.The OEHHA gave notice in September that it intended to list glyphosate under Proposition 65, a state initiative enacted in 1986 to inform residents about cancer-causing chemicals - RTRS.State officials said the action is required after the World Health Organization's (WHO) cancer research committee in March classified glyphosate as a probable human carcinogen - RTRS.The WHO's research unit said it reviewed many scientific studies, including two out of Sweden, one out of Canada and at least three in the United States before making its classification - RTRS.Roughly 8,000 comments were filed regarding the state action, according to officials, including those from Monsanto - RTRS.  Full Article

U.S. lawsuits build against Monsanto Co over alleged Roundup cancer link - Reuters
Wednesday, 14 Oct 2015 08:00pm EDT 

Monsanto Co:Personal injury law firms around the United States are lining up plaintiffs for what they say could be "mass tort" actions against agrichemical giant Monsanto Co that claim the company's Roundup herbicide has caused cancer in farm workers and others exposed to the chemical - RTRS.The latest lawsuit was filed Wednesday in Delaware Superior Court by three law firms representing three plaintiffs - RTRS.The lawsuit is similar to others filed last month in New York and California accusing Monsanto of long knowing that the main ingredient in Roundup, glyphosate, was hazardous to human health - RTRS.Monsanto "led a prolonged campaign of misinformation to convince government agencies, farmers and the general population that Roundup was safe," the lawsuit states - RTRS.The litigation follows the World Health Organization's declaration in March that there was sufficient evidence to classify glyphosate as "probably carcinogenic to humans." - RTRS."We can prove that Monsanto knew about the dangers of glyphosate," said Michael McDivitt, whose Colorado-based law firm is putting together cases for 50 individuals. "There are a lot of studies showing glyphosate causes these cancers." - RTRS.The firm held town hall gatherings in August in Kansas, Missouri, Iowa and Nebraska seeking clients - RTRS.Attorneys who have filed or are eying litigation cited strong evidence that links glyphosate to non-Hodgkin lymphoma (NHL) - RTRS.  Full Article


EU officials to decide on Roundup herbicide after political impasse

BRUSSELS An impasse between EU nations on whether to allow Monsanto's Roundup and similar weed-killers to continue to be sold means that the European Commission, rather than national politicians, will decide the issue next week.