The American people, said Friends of the Earth, “deserve better than corporate monopolies that drive up food prices and put family farmers out of business.”
Green groups and opponents of the powerful corporate interests that dominate the global food system expressed dismay on Tuesday after the U.S. Department of Justice announced tentative approval of a merger between the U.S.-based agro-chemical company Monsanto and the German pharmaceutical giant Bayer.
Dubbed the “merger from hell” by critics, Trump’s DOJ reportedly mediated and approved a deal in which the two companies agreed to shed portions of their businesses as a way to alleviate monopoly concerns.
“The settlement,” reports Bloomberg, “came together after Justice Department antitrust officials pressed for significant divestitures to remedy the competition problems from combining the two companies. The companies have received antitrust approval from most jurisdictions around the world. Bayer has said it’s confident the deal will close by the June 14 deadline.”