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Stock impact report

Trump issues order declaring glyphosate national defense priority [USA TODAY]

BAYER AG S/ADR (BAYRY) 
NASDAQ:AMEX Investor Relations: investor.bayer.com
Company Research Source: USA TODAY
President Donald Trump issues an executive order to prioritize U.S. production of the herbicide glyphosate. The order uses the Defense Production Act, citing glyphosate's importance to food security and the military. This action comes as Bayer, which makes glyphosate brand Roundup, faces lawsuits linking the chemical to cancer. President issued an executive order this week prioritizing U.S. production of glyphosate, saying the herbicide is critical to the nation's security. Trump's executive order, issued late Wednesday, Feb. 18, provides limited immunity to domestic companies that make glyphosate and phosphorus, declaring both essential to the nation's military and farmers. Using the 1950 Defense Production Act, Trump said elemental phosphorus is critical to military technologies such as radar, solar cells and sensors, and to agriculture as a "precursor element" in producing glyphosate-based herbicides. The president also used the , ordering U.S. meatpacking plants to rema Show less Read more
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