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President Elect Trump Policy's Spikes Jobs Increase Continuously as the Giant German Company about investing $8Billion ...
German chemical giant Bayer AG is promising President-elect Donald Trump billions of dollars in research and development spending in the U.S., as well as what it is saying will be a significant commitment to create jobs, if its planned merger with Monsanto Co. (MON) receives the necessary regulatory approvals to proceed, the FOX Business Network has learned.
The commitment was made by Bayer’s CEO Werner Baumann and Monsanto chief Hugh Grant after days of negotiations with the President-elect and his senior transition staff, according to people with knowledge of the matter.
Last Wednesday the pair of CEO's met with the incoming President at New York’s Trump Tower, where both executives discussed some of the benefits of the deal, which will need U.S. and European Union regulatory approval to proceed, these people say.
The exact nature of the commitment could not be immediately determined, but people with knowledge of the negotiations say company executives are pitching it as significant.
Bayer is willing to create a multi-billion dollar spending package in the U.S., mostly focused on research and development, and produce jobs that one analyst says over time could meet or exceed the 800 jobs that Carrier Corp., agreed to keep in the U.S. after negotiations with the President-elect weeks ago.