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they are a german corporate heavyweight under pressure and $21000.00 its blockbuster merger with u.s. rival monsanto has seemingly backfired it's facing one of the deepest crises in its 155 year history. of bowman's unfortunates christabel mon and his colleagues on the board miscalculated the risks they should have said no the deal is off to do research on that at the center of the controversy the weed killer roundup and its active ingredient life a sick did monsanto conceal the health risks as lawsuits maintained monsanto's effectively made a business out of poisoning people and getting away with it. although u.s. courts have already ruled against bayer ordering it to pay more than $2000000000.00 in damages it insists life is safe to say roundup does not cause cancer.
beyers annual shareholders meeting in april $2900.00 a day of reckoning for c.e.o. and supervisory board chairman v. on a venue they are stock price has fallen nearly 50 percent since its acquisition of seed and chemical giant monsanto shareholders are going ballistic. the board takes cover. in his opening speech the nobel months tony's defensive team because the market reaction has been exaggerated in our opinions the current stock price does not reflect the true value of our company rules but we understand the prevailing sense of uncertainty. well mom is unapologetic finding fault neither his own actions nor in those of the board as in previous years environmental activists are making noise outside beyers meeting but i thank i to them that they are is as bad as monsanto arguably the company with the worst
image in the world to speak of i said i feel as if the board absolutely made a mistake and it totally misjudged the risks that monsanto was bringing into the marriage especially in view of the lawsuits that have begun piling up. under normal circumstances a top manager would be accused of blatant failure and says dance classes are thinking funny for me i'm very concerned for my family my son works in a department that bears liquidating he has 3 daughters so also in this regard the future doesn't look good. and he said life is saved and how it's evaluated scientifically is one thing but i'm here today as a shareholder who is horrified by the plunge and buyers share price i want to hear what they have to say that. i'm here to see the face of a man who was idiotic enough to buy a poison manufacturer but still made so much money in the process of. a man
whose day of reckoning has calmed shareholders take the unprecedented step of backing a no confidence motion in belmont and the management board the censure has no legal consequences but it's a stinging rebuke it makes me on obama the 1st serving chief executive of a deck solicit company to lose a vote of no confidence all because of monsanto. today or buy a pig in the poke with its acquisition of the company in st louis was it aware of the legal risks or did the german giant take them on board expecting profits to outweigh potential legal damages profits from genetically modified seeds engineered to be used in conjunction with monsanto's flagship product around the. no problem to grace is removed soon or with a shot of the round up for grabs. around.
a groundbreaking verdict in the 1st trial against monsanto alleging roundup causes cancer the jury awards $289000000.00 to do wayne johnson a former school grounds keeper from san francisco subsequently a judge will reduce the award to. 78000000 but johnson's a lawyer feels vindicated on thing he was using a 8 through her pressure hose sprayer so he was sprang 150 gallons every morning and so he is exposure was pretty extreme and prior to his exposure eskin was perfect she was healthy you had no other chemical exposures but with in 2 years after starting us sort of and massive sprang she develop this incredibly aggressive cancer that you know ultimately is going take is life johnson suffers
from than on hodgkin lymphoma a malignant cancer but forms in the lymphatic system he wants is case to serve as a precedent you know i'm glad to be here to be able to help with a clause is way bigger to me so whole free this they will start to get the attention did it needs to do reisa foes can make a good shores baier has appealed this and every subsequent court ruling that's found roundup caused cancer it maintains of the decisions reached by the jury so failed to acknowledge scientific research that supports gleick to say use if i buy for i feel story for mr johnson tie have tremendous sympathy for what he and his family are going through a when i look at the jury verdict the decision it's it's wrong and it doesn't change the science it doesn't change those the 40 years of say fused the 800 tests to the agricultural health study it doesn't change the science obviously
the science didn't resonate with a jury we want to understand why because we need we need to do a better job explaining the science will people understand their collector say pace products are safe so debate has been raging for a years over the safety of gleick a city opinion is divided and the science is not settled. internal corporate communications reveal monsanto has employed deceptive tactics to try to win the debate the so-called monsanto papers were released to the public through civil trials of 2017 journalist kerry gilham examined the documents. these are discovery documents that monsanto was forced to turn over to the plaintiffs in the litigation and so far monsanto itself says that it's turned over about $10000000.00 pages of documents and this is really been eyeopening because
we've seen so much evidence of how the company has worked to hide the risks of its products. roundup and its active ingredient life a. few substances have been the subject of so many clinical trials tests on animals laboratory studies and analyses but revelations on that once confidential monsanto papers called the objective of the of these studies into serious question. when monsanto says there are $800.00 studies showing that it is safe we have no idea how many of those studies might be authentic independent scientific studies we know that the scientific literature has been corrupted. monsanto's p.r. strategists work just busy in the united states from their headquarters in st louis to devise global campaigns for their top selling chemical like to sit. the unsealed internal documents show how early on monsanto would sort of pressure
to even get federal approval for the use of life at sea for example from the u.s. environmental protection agency the e.p.a. . in the 190990 s. the e.p.a. decided to just go along with monsanto and overruled. toxicologist and it was very controversial and in the final decision and which e.p.a. determined they would classify glyphosate as not likely to be carcinogenic some of their own scientists refused to sign off on that. so they're free lead eliminations thanks to roundup so it's a sure shot here as long ago as 996 ads like this one were branded misleading by the new york state attorney general. by a metal concern was you know the broad advertising claims that months on to was advanced in those days that somehow the roundup product was entirely safe
biodegradable. you know safe for pets and children. and you know less dangerous than table salt we knew otherwise frankly they were pretty admitted under federal law for making claims like that they knew the dangers of roundup but yet they were trying to sell to consumers in new york and in other states a different story. ridgeway illinois. while monsanto was forced to alter advertising in new york it's continued to market roundup is entirely safe in other u.s. states. across the country roundup remains a mainstay of agricultural production like here at the local farmer and cooperated . in the hot summer months no one wears protective clothing and there's little concern about skin contact with the herbicide. little usually if i guess i'm on me on my stuff but i'm there and i go wash it off because sometimes
it will start burning or. some of it can hurt you but i don't think it would be necessarily why frightening. it appears most farmers are unperturbed by the debate over the safety of their weed killer over the decades monsanto and its products have made their work less labor intensive and help them secure. higher living standards thanks to advances in the technology and chemical property farming is no longer back breaking work. and bayer holds out the promise of further improvements for example at the farm progress show in boone iowa in august 28th. billed as the world's largest open air agricultural trade fair it's the place to showcase the latest farm technology. many here are baffled by the 1st round of trials for the. kids to be expected coming out of california
where they've got a world of tree huggers and people that do not understand business while the better judge than a jury out there would render a catastrophic award. and house the world a better place i'm very worried yes we need this product and we do not need over 200000000 dollar lawsuits against monsanto are you know it's they are now but. i mean somebody has to pay that. this is home turf for the former bond santorum ploy and their new colleagues from bayer. damage limitation is the name of the game here. they talk of individual cases and studies that exonerate like to say. i would look at that is one case doesn't change 800 scientific studies it doesn't change 40 years or years and were
thoroughly supportive of the product but roundup does not cause cancer. but just how many of those studies were actually independent german toxicologists are among those who question the figure cited by bayer. by your name by decent size. when it quotes this figure buyer is referring to all of the pesticide action network studies carried out in some relation to the effects of life to say. but the debate on whether or not to ban it centers on whether it's carcinogenic and that is the subject of 12 studies. the law says a pesticide must be considered carcinogenic if it's found to be such by 2 studies in the case of life is safe there are 5 independent studies that confirm a significantly higher cancer incidence in mice. so there is more than enough evidence to meet the legal criteria. for how.
they are maintains that humans are never exposed to such high concentrations of animals and lab tests for a long time management said 3000 studies showed that life is safe it was safe. then they revised that figure to $800.00 today the company only refers to $107.00 studies a cornerstone of its claims rests on the findings of the agricultural health study conducted in the u.s. it examined 45000 people who used life regularly over a period of 20 years and it found no link with non hodgkin lymphoma. but since the release of the monsanto papers bayer has had to defend itself in the face of compromising evidence. in an e-mail dating from 2003 the company's leading toxicologist says. you cannot say that roundup is not a carcinogen we have not done the necessary testing on the formulation to make that statement. when monsanto's chief toxicologist says we can't
say rounded does not cause cancer because we haven't done the testing on it there's no multiple interpretations of that that is their own toxicologist saying yeah we actually haven't tested the formulated product so we can't say it doesn't cost cancer because we don't know. what does bayer make of monsanto's evaluation today but no one from management or the supervisory board is willing to grant us an interview and they sent us a man with the title of president of agricultural affairs who tells us that to date he's had nothing to do with the monsanto merger. beyond the sphere to beat we based our evaluation on the documentation we received and on licensing documentation from around the world the ingredient has been licensed internationally for 40 years it has its merits and advantages and we didn't see a problem has to do with 100 and it will be missing. but monsanto evidently did in 2014 its leading toxicologist raised another red flag. what we have long
been concerned about has happened. to say it is on for an eye arc review. why concerned the international agency for research on cancer is totally independent its verdict carries weight. i ark is part of the world health organization which in turn is a specialized agency of the united nations australian professor than fritchey was on the panel of experts who study galactus and ever since she's been targeted with harsh criticism from the agricultural industry. people can trust are iraqis is a institution that has been doing this for a long time there are transparent procedures as to what. the groups need to do the groups are the best people in the world in this area they have no conflicts of interest and they look at their literature that available publicly that spirit
viewed that quality and come up with a decision i are classified life or so it was probably carcinogenic to humans and yet life was it has remained on the market. lynne fritchey says monsanto's response to the findings was highly derogatory you know how that seems to imply that we did this on purpose that we were out to get more lifecycle monsanto and that's not the case we were there to follow i aks procedures to do jus a fair assessment of what the scientific evidence was and that's what we did and so it's not it's not right to say that we've this much something we looked at the evidence and we came up with a conclusion that we thought fitted the evidence based. shortly after iraq's classification of life states license was up for renewal at the us environmental protection agency. just before its experts
convened one outspoken critic was excluded from the review. no i mean i was shocked in november you know but the week or so after the presidential election i was informed you know i was being removed from the panel. the agro chemical industries and. one lobby group claimed he was biased and i agree with the international agency for research on cancers review that concluded that there was evidence some evidence that clovis a was seeded with hodgkin's lymphoma in people exposed to life to say. without their formal panel consultant peter infante the e.p.a. renewed life a state's license despite negative classification which bayer continues to dispute . there's going to be a mischaracterization of remarkable tool that needs to stay in farm hands it was
going to be dispersed in a fashion that was inappropriate and we're preparing to make sure the public understand understands the safety of life straight i think there are extreme we've reached to do that. yeah i. would do. 2 with their marriage to monsanto managers at bayers headquarters and leave a commission didn't just acquire roundup and it's estimated annual sales of some 3500000000 euros they also adopted monsanto's defense of the main ingredient. the isn't enough before we remain convinced that glyphosate is a safe product based on all this information the board of management consider the liability risk in connection with life's a fate to be low at the same time we're also aware of the tremendous importance of life estate for the global food supply and. bayer has battled fierce criticism from
environmentalists but its deal with monsanto has also been denounced in german boardrooms like here in frankfurt at the asset management group of us its main shareholder is deutsche bank. yeah i'm suzy i go for it they wanted it too badly and if you invest a lot of time on something this deal was more than 2 years in the making then there's often a tendency to say we've spent so much time and money so even if it's all not perfect now we have to go ahead with it. christiane speaks for many bayer shareholders. one out of t.x. and the other the shareholders weren't given enough information yet and above all they weren't consulted on whether they approved of such a change to the company. plans for. this after all shifted the company focus from pharmaceuticals to agro chemicals in the shareholders should have had
a say in that transformations it's by no means clear whether that was legal or not . do you financial oman mr obama on thought he could transplant buyers good reputation over to monsanto by covering up its name with buyers but it wasn't that easy and now unfortunately monsanto has arrived in europe and germany. they are stock price and image have been weighed down by the negative media coverage in the us but its head office insists that's not clouding business. of us all of us look we can all read about what's happening out there but i can tell you that in the house we know business is doing very well the 1st quarter of 21000 went very well naturally the stock price isn't cause for celebration and that is primarily driven by the uncertainties arising from the legal disputes we're facing in the us. and d.v.r. in was of course we were aware that there was a problem with monsanto reputation and image we knew them well as our competitor
but we also felt that we could handle that via to justice and you can. bayer believed that buying monsanto would boost its balance sheets the creating synergies and saving costs would generate higher profits but nobody knows how much us legal costs and potential compensation payments will dent those profits there appears to be little appetite among bayer employees to voice open criticism a former top tier employee does consent to speak anonymously. i'm afraid they haven't measured the pulse of workers inside the company and that employees are afraid of speaking their minds instead they keep telling each other that the science is on our side we are right and we need to grit our teeth because it's just a matter of time until we're proven right but that won't work management has obviously underestimated just how severe the criticism is and how long it's continued and just how badly it can shake the company to its core.
before its monsanto takeover bayer actually enjoyed a good reputation in the agricultural sector one of its leading divisions was its vegetable seat business under the brand in the netherlands. and here they are cultivated vegetables from high quality seeds without any help from the controversial technology of genetic engineering. like cucumbers bigger than average and very tasty from seeds that fetch maximum market prices but amid beyers quest to acquire monsanto some 30 antitrust regulators worldwide spent 2 years examining the proposed union to see where it might reduce competition. and they gave faiers vegetable seeds production a thumbs down there was forced to divest this profitable business it sold it to be a set for 7600000000 euros
a bargain market analysts say. no no mccann's can no longer carry the bayer logo. quite apart from the merger bayer still has problems in the pharmaceutical sector. in 4 talo the works council fears for 750 jobs in the whole of germany 4 and a half 1000 jobs are this. worldwide the figure is at $12000.00. the head of the works council in photog voices cautious criticism. as to timashev to hear your thoughts and it really hurts the employees here to have to stand by and watch the gradual erosion of the company's good reputation 1st of all the voice within this is their home so it's important to let the dust settle and focus on the facts and
ultimately this kind of interview only serves to reignite debate and stir up tempers and that's exactly what i'd like to avoid in the nation no matter whom we ask employees say the merger is a hot topic and house but no one will go on the record. buyer generally tends to view criticism as disloyalty it shuts the gates and withdraws from view but now would actually be the time to open up to listen and demonstrate a willingness to admit it's very obvious mistakes to learn from them and allow the dialogue that says it seeks with opponents to actually take place. dialogue on beyers terms in february 21000 its communications department invited the press minus their cameras to the bay arena home to premier league soccer club bayer leverkusen. with a view on to the chemically fertilized pitch the aim was to convince journalists about the advantages of life est as an introduction they were shown a 6 minute film. sri lanka home of cylon
t.v. worldwide this t. is valued for its unique qualities its sri lanka's fertile soil and perfect climate offers the ideal conditions for the production of the finest aromas and good yields . dots my toes and for the elaborately produced videos takes us to sri lanka according to the film's narrative the exotic paradise came under serious threat 4 years ago the government banned the use of life to save food exempt in until chuffed in sri lanka suddenly we'd sprung up everywhere. on cold best of the rice and corn year olds collapse. in father selection in india who dies in this sound bites from plantation managers scientists and politicians underscore the severity of the situation but then
there's a turning point in the citing a misguided decision based on dubious studies that the government lives the life of . the film dismisses these studies as unscientific but a line of. internet sites. but now all will be well again life estate will soon make up for the massive crop failures sri lanka has say. the recent like to say it was banned in the 1st place is only mentioned in passing and not illustrated in the film. over 2 decades a mysterious a chronic kidney disease has killed more than 20000 people in sri lanka. almost all of those affected worked on farms or plantations where they were exposed to large quantities of life seed. in belgium we meet 2 of the researchers who've been working to uncover the causes of this endemic that is affected tens of thousands of people and rule 3 long.
china is a doctor and toxicologist he's arrived here and look at him from sri lanka to discuss the latest findings with the belgian kidney specialist mark dobro. although dobro is retired he's continued his research and it was through his work that the 2 physicians met. early doors named as. one shared no one no nuclear energy and many people died and more than 70 caution people have been 120 to have the disease so now we just the media. actually we did they did anybody milledgeville the study and we found it has a very high. updating from dr julius amount of believes the source of the disease lies in the groundwater. in the affected areas it contains various heavy metals when these bond with pesticides or herbicides such as life is
sick they form highly toxic compounds. dr jaya some mana has found such toxins in drinking water the researchers believe these could well be causing kidney damage in farm workers it's a hypothesis that sri lanka's agricultural lobby has fought hard to refute. then they started it what campaign against the economics who did the studies. think they're leading. scientists looking for 110th he came to sri lanka and he didn't believe it's a religious needs. and he named any association between the sheets and they're not going to get much they didn't. we don't need any study. but dr james somalia has the backing of professor dobro an internationally renowned kidney specialist. that their findings correspond to studies in india and central america where agricultural workers have been afflicted by a very similar epidemic. while we are both in front of just specialists and they
know that he said and i'm a specialist in need for books and defects so i met him in the coverts in south africa he was even a lecturer and i said this is the bed i want to have a collaboration with because it was extremely different to find the cause of the disease because it's killing so many people and nobody knows what is that he's in there but he was telling that it was this and the vision and never believed that. so we start the collaboration and thanks to his own doctor called the g.b. to pay them opened the front of the truck and he has to know we've got it go to us and we have that absolute evidence that this disease is a toxic effect but. we showed dr jaya some on his bayer video on the life of said bannon sri lanka and the alleged damage it caused to farmers yields. or they didn't and that's fine and we asked beyers representatives about those claims that the
life estate ban really lead to crop losses and found yet. the glyphosate band left farmers with annual losses of 100000000 euros of tough emotions you also have you fact check the claims made about the effects of the. years we wouldn't make them if we hadn't known this is some light. least loss in that the production. was basically due to bad with it it was not due to play. we then challenge the impartiality of the our allegedly independent expert in the video. agriculture professor. positive side of the story for him it serves as a lesson to the whole world when this is a joke i mean and this person. he is a problem is it in akron cutting the bit i think the university at the same time he was so bored to take off the chemical industries the company would use the lead in
industry intra and use the sole agent all. and said they came because in truth there were found to talk an impartial viewer would conclude that this individual is an independent expert with objective judgment our research shows he's on the board of a major chemical distributors and should be caught in part 2 of his mind i mean if it didn't make sense you wouldn't say it there are advantages to using life estate and that's the message this video is trying to get across about a very high so you think this is an objective cloyd so to speak this is these are the facts on what happened in sri lanka. i think need is for news to show new hope always in other places but not in sri lanka if we show this it could become a joke. later we receive an email from beyers corporate communications department it underlines the accuracy of its sri lanka video and rejects any attempt to question the facts it contains in particular it defends the expert interviewed in
the film as an absolute authority in his field. they are also emphasizes that weather conditions in sri lanka played no significant role in crop losses. the 2 scientists are stunned by this effort to invalidate their findings not least because the scope of their research is much broader than monsanto buyer and their best selling weed killer roundup. how do pesticides enter the human body and what harm can they cause how long can substances like life a safe be detected and how many people are affected. to answer these questions we had to friends. that they could sue institute of sport scientists spend more than 18 months on a study investigating life estate residues and hair samples from hundreds of people
in the 6 we take strands less than 3 centimeters long that. pair is considered a reliable bio monitoring tool to measure long term exposure to harmful substances . we found life is a residues in the hair of half the subjects which means that these people have been chronically contaminated with this substance exposed. to the study draws no conclusion as to whether this poses a health hazard but it does show how prevalent the substances in the environment. losing. all the samples have come in from all over the world but we had people send us samples all the way from france and the united states as well as australia and japan. so we can say this is a very representative group in our endeavor to detect life a state without doing. the research or stress that further studies are
needed to evaluate the long term effects of life. and when it comes to end products like around the additives also need to be examined in the disease to chill to she like to say is the key but not the only ingredient in round out subjective. we can't decipher roundups exact formula through our research. body. all we can say is that the end user which in most cases means the farmer is exposed to many more substances besides just life estate. the manufacturer keeps the formula under wraps leaving researchers to work in the dark as they try to determine defects of roundup on human health. back to bayer this is the company's substance library. all of the millions of
active substances that they are has ever researched or stored here. the company announced at the beginning of june that it will invest 5000000000 euros in research to find alternatives that made it clear this was not in response to verdicts coming out of the united states and bayer says a global increase in weed resistance poses a threat to life or 6 efficiency it sees the need to find new approaches to weed management. and it's a fact for almost 30 years not a single new active ingredient has been brought to market and. life is safe meanwhile has generated increasing concern. australia is the last stop on arg life a safe journey. roundup is officially licensed for use here but the 1st lawsuits are pending. here to life as it has been linked to disease. ron and trolley snape have
a farm until book 350 kilometers south of sydney. they used to life say for years. that trolley fell gravely ill she said complain that always smelled of the ground up after we used it when we're using on the farm we can actually use it for anything up to avoid stroy using in the 5 boys control controlling along of friends lawns so. just just general fondues. we use that for each then simply. a couple of your ground up as an indispensable weapon against weeds. and. no one ever told them of potential health risks the doctor's diagnosis was a shock. same thing. they just said he was gone and then finally he said this is farmer's lymphoma he said it's common to farmers he said
too many farmers are overrepresented in the population doesn't fund the softly so well not just 19 i feel so the i'm guilty of done something dramatic to more laws that's called the short hair loss was just absolutely and it's just absolutely appalling not i find that absolutely made because hal was wrong you know. many of those affected are not willing to accept their fate without a fight. australian farmers are well aware of the damages awarded by us juries and of the numerous studies i'd like to say that appear to confirm it's health hazards . are in a political soup there's a paper that was published on the findings of a team that conducted a metal analysis of the link between non hodgkin lymphoma and going to see. since the study was funded by monsanto and to my surprise it was never the last published reports. because it concludes that there is
a significant probability that life is safe causes non hodgkin lymphoma for. significant of us trying to start. but this study to evidently offers room for interpretation by both sides of the clock a safe debate which is presumably why monsanto didn't block its publication such contradictory accounts make it all the more difficult for those affected to know where to turn. at the very least victims say they should have been warned of the potential side effects. and sign that the money vast is it actually might just follow i should a modest goal in for the most part on that 2nd fish there is a possibility slightly away of slightly so the lawyer might an informed decision that i'm going to use dental i'm not going to use it but should call a suggestion bloody hard if. i want to wait for the season that's how i roll so i reach for round up extended control with the only add like this are now history as
these did the swedes go round and bayer not monsanto has to foot the bill. in a california court this couple was awarded record damages of more than $2000000000.00 they to maintain roundup gave them cancer another verdict baiters appealing. in. an eisner by western moment 31 and not even are in your family's life. and that he doesn't want to give these are just jury verdicts we refer to the evaluations of regulators it was on april 30th that the e.p.a. confirmed that the active ingredient life estate is safe. so here canadian authorities did the same the german federal institute for risk assessment also did the same and for us these are the conclusions that count and on which we base our operations on all phone the whole of the uk and how do you explain the fact that
despite these decisions the courts have reached the opposite conclusion and are now imposing huge fines on monsanto or rather bayer to reason grateful for turn this into a kind of these are not legally binding verdicts they are preliminary judgments that we are appealing again. and also you have to distinguish between these court proceedings and the licensing procedure which is an independent process we're not going to rely on the verdicts of juries which as we know can be very emotional and skillfully manipulated. zip in which you and i can food insecure she could that's why we are appealing and we know we'll be proven right by the scientific data. mining on choice that's. bayer is betting on winning the next round but the attorneys for us plaintiffs expect further court rulings on their client's favor. this is not the end of this litigation this is the beginning there are tens of
thousands of people out there probably 203040000 people and i have continuously told they are in monsanto are coming after them we are not slowing down this is the beginning farm workers landscapers and how moaners personal injury lawyers are pulling out all the stops risk for not hodgkin's lymphoma or other cancers of the blood. they've taken to the airwaves in a bid to round up victims of roundup but bayer remains optimistic. by evidence you know place to dust in 10 years times it may or will be in an excellent position as we work our way through these lawsuits it will cost time it will cost nerves and money but it won't torpedo the goal of this acquisition we face enormous food production challenges and we need to view these challenges in a global context and feeding the world's future population is an immense responsibility and that is where we will make our contribution dimentia to india on
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