Global Consolidation of Seed Industry
Bayer purchased Monsanto for $62 billion, which could mean a rise in seed prices for farmers and food prices for consumers.
Monsanta, at one time, used sterile “terminator seeds” which don’t produce viable seeds for replanting, forcing farmers to repurchase their product.
Is feeding more of the growing world population with genetically modified seeds a bad thing? More analysis at The Open Market Institute.
Federal Funds Rate 1971-2018
With the labor market and economic activity strengthening (thanks to reduced liberalism) the FED raised the target range between 1.75 percent and 2 percent during its June meeting.
AT&T Time Warner Merger Approved
Federal Judge Richard Leon approved the $85 billion deal for AT&T to acquire Time Warner despite the government’s argument that it would create an unfair advantage over other cable companies.
Who is Judge Richard Leon? (Wall Street Journal story)
Intellectual property and the U.S. economy
President Trump’s challenge to clamp down on China’s theft of U.S. intellectual property will net positively for American workers and entreprenuers. More information at U.S. State Department
U.S.-China Trade Deficit
President Trump’s insistence on better trade negotiations with China have netted an oofer by China to cut their trade surplus by $200 billion. (Bloomberg story)