Democratic candidates take the stage together for the first time as they jockey for position in the race to take on President Trump in 2020.2020 Electionsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Venezuelan President Nicolas Maduro said security forces had foiled an opposition coup attempt that included plans to assassinate him and other top political figures.World Politicsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
A destructive insect's growing resistance to genetically modified corn seeds is costing American farmers as much as $2 billion annually, and now U.S. regulators may weigh in on the matter with moves that could affect both farmers and corporate agriculture giants such as Monsanto.
The western corn rootworm appears to have evolved to eat the corn that was bioengineered to defeat it. That has led the U.S. Environmental Protection Agency to consider limits to continuous corn planting—experts say the practice of planting corn for three or more years in the same field has helped rootworms build up resistance.
"The GMO crops are available, and they've done a great job for a long time, but now we have a very formidable adversary with the western corn rootworm," said Brad Howe, a corn grower who farms in Gilman, Illinois, near where some rootworm resistance problems have been found. "They seem to be a pest that is able to constantly adapt to its environment and continue to change. So we've been fighting it and fighting it."
According to the EPA, the government is considering a "proposed framework intended to delay the corn rootworm pest becoming resistant to corn genetically engineered to produce Bt pesticides." Bt refers to Bacillus thuringiensis, a soil-dwelling bacteria that is used as a biological pesticide.
Public comments for the proposal are due on Monday of next week.
"On balance, we see little risk for Monsanto in the EPA's proposal, a low probability that the EPA will take more decisive action, and little change to the way farmers grow corn," said CLSA analyst Mark Connelly in a research note. "In a worst-case scenario, the hit to corn sales would be largely mitigated by higher sales elsewhere, and in other crops."
Monsanto's corn seed business has accounted for about half of its consolidated annual gross profits. Citi Research recently indicated that Monsanto's corn seed is gaining share, citing a survey of farmers in the Corn Belt.
The western corn rootworm has been around in the Corn Belt for decades but the voracious bugs started gaining resistance in the past several years to several varieties of engineered corn that utilize insect-specific toxin proteins, experts say. Rotating intermittently from corn to soybeans usually gets rid of the problem, but not always.
"Nobody understands how widespread it is," said Bruce Hibbard, a research entomologist at the U.S. Department of Agriculture. "For most of the United States, rotation of crops is the best and most simple solution. But there is an area in east central Illinois and western Indiana where the western corn rootworm has also evolved resistance to crop rotation. "
The EPA's proposed framework to fight corn rootworm resistance is to require crop rotation as well as the use of corn varieties containing more than one Bt toxin. The agency cited recent reports that have documented corn rootworm resistance to two Bt traits in the Corn Belt. Plantings of Bt corn varieties reached 80 percent of U.S. corn acreage in 2014, up from 29 percent in 2003, according to the USDA.
"Nothing is a silver bullet and completely 100 percent protected," said Tom Eickhoff, agronomic systems lead at Monsanto. "We never want to rely completely on one method to control insects and strongly encourage farmers to use multiple techniques for managing insects on their farm."
Monsanto's Genuity SmartStax seed product, licensed from the Dow AgroSciences unit of Dow Chemical, utilizes a bug-killing technology with multiple Bt traits. A conventional bag of corn seed today runs around $160 a bag, while the SmartStax product is running at roughly $320 a bag, according to farmer Howe.
"You're paying a premium for the multiple traits and multiple modes of action for both above- and below-the-ground pests," he said. "Things are very tight this year for the extra added cost of the seed and fertilizers."
Meanwhile, Indiana corn farmer Brian Scott said he's backed off buying the Bt corn over the last few years, because he's not in an area directly affected by the western rootworm.
"I'm not super scared about it," he said. "There are ways to manage it. We actually saved money backing off buying the Bt corn rootworm traits."