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For Immediate Release
December, 11 2015, 11:30am EDT
Contact:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167
Dow-DuPont Merger: Perpetuating GMOs, Squeezing Farmers and Consumers?
AP is reporting: "Dow Chemical and the DuPont Co. announced Friday that they are merging in a $130 billion chemical industry megadeal.
"The merger would combine two companies that sell agricultural products to millions of farmers around the world, and make a variety of chemicals for consumer and industrial products ranging from electronics, automobiles, and household goods to building materials and safety equipment.
WASHINGTON
AP is reporting: "Dow Chemical and the DuPont Co. announced Friday that they are merging in a $130 billion chemical industry megadeal.
"The merger would combine two companies that sell agricultural products to millions of farmers around the world, and make a variety of chemicals for consumer and industrial products ranging from electronics, automobiles, and household goods to building materials and safety equipment.
"The two companies will form DowDuPont, then separate into three independent publicly traded companies focused on agriculture, material science and specialty products."
The following analysts are available for interviews:
WENONAH HAUTER, via Patty Lovera, plovera at fwwatch.org, @foodandwater
Hauter is the founder and executive director of Food & Water Watch and the author of Foodopoly: The Battle Over the Future of Food and Farming in America. She said today: "Just a handful of large chemical companies including Dow and DuPont already control most of the seed supply used to grow crops like corn and soybeans, as well as the herbicides that genetically engineered seeds are designed to be grown with. Any merger that consolidates this market into fewer hands will give farmers fewer choices and put them at even more economic disadvantage. And it will make it harder for agriculture to get off the GMO-chemical treadmill that just keeps increasing in speed. The Department of Justice needs to block this merger to prevent the further corporate control of the basic building blocks of the food supply."
DIANA MOSS, dmoss at antitrustinstitute.org, @antitrustinst
Moss is president of the American Antitrust Institute. She said today: "Any merger on the agricultural inputs side of DuPont and Dow will get antitrust scrutiny. Some of the markets for biotech and seeds are highly concentrated, which has been driven by Monsanto having made so many acquisitions in the past. If you put a new merger in the this mix, it's going to raise concerns about leaving only two or maybe three firms. That's a market landscape that doesn't promote competition, entry, and innovation. Farmers could be squeezed even more and consumers could pay higher prices."
A nationwide consortium, the Institute for Public Accuracy (IPA) represents an unprecedented effort to bring other voices to the mass-media table often dominated by a few major think tanks. IPA works to broaden public discourse in mainstream media, while building communication with alternative media outlets and grassroots activists.
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A Sunday report in The New York Times revealed how the Trump administration is using a key government agency to shut down any efforts to regulate online betting markets such as Kalshi and Polymarket.
According to the Times, the administration has stacked the Commodity Futures Trading Commission (CFTC) with industry insiders who have systematically "mowed down" staffers at the agency who have expressed interest in providing oversight on prediction markets.
Among other things, the report documented how multiple officials at CTFC have been put on leave simply for asking questions about the betting markets' ties to members of President Donald Trump's family or for having past experience enforcing regulations related to cryptocurrencies.
What's more, the Times found that even being an industry insider isn't enough to guarantee good standing in the agency. Brian Quintenz, who was tapped by Trump to lead CTFC last year, saw his nomination withdrawn after he drew the ire of Cameron and Tyler Winklevoss for refusing to support their cryptocurrency exchange's complaint against the agency.
Revelations about industry insiders rolling over regulators at CTFC come as the Trump administration is fighting any attempts by states to regulate prediction markets.
As explained in a Thursday report from CNBC, the Trump administration is "fighting a multi-front battle to stop the state actions and assert its regulatory authority," with CTFC arguing that it is "the only entity that can regulate" betting platforms.
16 different states are engaged in legal proceedings against the platforms, and Minnesota last week passed a law to ban them outright, which immediately drew a lawsuit from the administration.
The new Minnesota law, which is scheduled to take effect in August, bans prediction markets "from hosting, creating or advertising in the state," according to ABC News.
In an interview with ABC, Minnesota state Rep. Emma Greenman (D-63B) said she authored the legislation because she has grown increasingly concerned about young people in the state seeing their finances drained from placing online bets.
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CFTC Chair Michael Selig last month warned states against trying to regulate prediction markets, which he said would "circumvent the clear directive of Congress."
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President Donald Trump revealed on Saturday that he is mulling a deal that would end his illegal war with Iran, and some hawks within the Republican Party are expressing alarm.
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Sen. Ted Cruz (R-Texas), another longtime Iran hawk, said he was "deeply concerned" about what he's been hearing about the deal and expressed particular worry about Iran getting relief from US sanctions while still maintaining the ability to shut down the Strait of Hormuz.
"If the result of all that is to be an Iranian regime—still run by Islamists who chant 'death to America'—now receiving billions of dollars," Cruz wrote, "being able to enrich uranium and develop nuclear weapons, and having effective control over the Strait of Hormuz, then that outcome would be a disastrous mistake."
Sen. Roger Wicker (D-Miss.) was even blunter in his condemnation of the reported agreement.
"The rumored 60-day ceasefire—with the belief that Iran will ever engage in good faith—would be a disaster," Wicker wrote. "Everything accomplished by Operation Epic Fury would be for naught!"
Ben Rhodes, a former deputy national security adviser for President Barack Obama, challenged Wicker's claims that Trump's illegal war had achieved anything of value.
"Nothing was accomplished by Operation Epic Fury," Rhodes wrote, "except putting the Islamic Revolutionary Guard Corps in charge of Iran and the Strait of Hormuz."
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But throughout the last six years, the graphic shows, the S&P 500 has produced an almost continuous upward surge even as consumer sentiment spirals downward.
Absolutely incredible:
Over the last 6 years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952.
We are witnessing the formation of the biggest wealth divide in modern history. https://t.co/XGMR6DfuNc pic.twitter.com/2w7cRvn7ok
— The Kobeissi Letter (@KobeissiLetter) May 23, 2026
"Absolutely incredible," commented Kobeissi Letter. "Over the last six years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952. We are witnessing the formation of the biggest wealth divide in modern history."
Kobeissi Letter produced the graphic one day after the University of Michigan's latest survey found consumer sentiment hitting the lowest level on record.
Joanne Hsu, director of the survey, observed that "the cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month."
On the same day, Gallup published new data showing that Americans' economic confidence has fallen to its lowest level since October 2022, with just 16% of Americans rating the economy as excellent or good, and nearly half describing it as poor.
Axios reported on Saturday that even Republicans have been growing sour on the US economy, citing a recent poll from The Associated Press showing GOP approval of President Donald Trump on the economy to be at around 60%, down from 80% just three months ago.
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