reporter: bayer admits it is in the early stages.five years to see if it makes it to the crop in sacramento, california for further testing. and finally, shares of expedia are falling in after-hours trading. the online travel agency is blaming the devastating hurricanes in the last quarter. travel relies on a busy summer season. expedia said recent national companys cost the profit between $15 million and $20 million. we will speak with the ceo of expedia on bloomberg television on friday. that does it for this edition of "bloomberg technology." a reminder -- we're live streaming on twitter. check us out at bloomberg tech tv. that is all for now. this is bloomberg. ♪ . . ♪ >> from our studios in new york city, this is charlie rose. china's communist party congress comes to an end today and the new politburo standing committee unveiled with no successor to the president and this comes after xi jinping wasn't tried in the party charter. -- was any party charter. he declared a new era for china, saying it would take center stage in worl

reporter: something is growing at bayer.s making a big bet it can make plants fertilize themselves. >> we believe we have the responsibility to solve the big issues. they may take 5, 10 years. reporter: according to the bayer life science center, one of the big issues is reinventing how crops grow. it is an effort to help farmers respond to a growing population and reduce waste. diminished lanza, you have to feed more people. that is why we believe the demand for self-fertilizing plants is the demand for the future. reporter: bayer's life science center is teaming up on a $100 million venture with ginkgo biloba works and they aim to mimic genomes like those found in peanuts that automatically produce nitrogen and apply them to crops they do not have the capability, like corn, wheat, and rice. the ceo explains. >> we are taking the genetic design from the peanut microbes and moving and moving in over to the ones that like to live on vegetables. the idea being, they can start to self-fertilize. it can save farmers money and gi

check it out. >> something is growing at bayer.ompany is making a big bet that it can make plants fertilize themselves. >> we believe we have the responsibility to solve the big issues. >> according to the head of the life center, one of those issues, how crops grow, is to help farmers respond to a growing population. on diminished land, you have to feed more people, and that is why we believe the demand for self fertilizing plants is the demand for the future. >> bayer's life science center is teaming up on a $100 million venture with a boston based startup which aims to take genomes found in peanuts which automatically supply nitrogen to crops that do not have that capability like corn, wheat, and rice. their ceo explains. >> we are taking that genetic design from those peanut microbes, and we are migrating them over. the idea that we can use less nitrogen fertilizer to save farmers money and give consumers a more environmentally friendly food. >> fertilizer has raised pollution concerns, and it is one of the most costly inputs f

for pesticide manufacturer bayer crop science, the issue is clear. >> most exrtrts agree that the single greatest threat to honeybee hltlth ishe v vara mite, annvnvasivblooood-ckingg pest th both h rectly rasitiz young d adult es and vectors bee diseases. where varroa mites are absent or well cocontrolled, honeybees are thriviving. >> but jim says he knows why his bees are dying. >> we had a multitude of neonics that were showing up in our bees. it doesn't take much to kill a bee. >> neonicicotinoids are a a rellatively neclasass insectcticide and coming o on te scene in the 1990s. it t is the fastest-growing group of insecticicides in ththe unitedd states. >> for the companies that make them, neonicotinoids, or neonics, are big business. they bring in over $2.6 billion a year in global sales. they are widely used as seed treatments, applied as soil drench, or sprayed onto foliage. in the u.s., they are used on some 200 m million acres of croplanand, on almomost a corn, canola, and half of all soybean crops, as well as many fruits and vegetables. >> they are used in home and garden produ

take a look. >> something is growing at bayer.ompany is making a big bet that they can have plants fertilize and sounds -- fertilize themselves. according to the head of the biolife center is a focus on helping crops grow to help farmers respond to a growing population. >> you have to feed more people, and that is why we believe the demand for self fertilizing plants is the demand for the future. science center is teaming up with a boston aims to take which genomes found in peanuts which automatically supply nitrogen to crops with out that capability corn, wn, wehat, -- heat, and rice. >> we are taking that genetic design, and we are migrating them over. the idea that we can use less nitrogen fertilizer to save farmers money and give consumers a more environmentally friendly food. >> nitrogen fertilizer is often one of the most costly inputs for farmers and has raised concerns about dilution. >> there is an enormous expense in getting fertilizer bought and out on the field. >> the bloomberg agriculture index has lost half of its v

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a bayer aspirin regimen can help prevent another heart attack. be sure to talk to your doctor before you begin an aspirin regimen. bayer aspirin. ♪ stare with me into the abyss ( ♪ ) >>> we're back now with a pretty terrifying scene that was caught on camera. australian investigators say they're looking into why an airasia flight apparently lost cabin pressure while flying from australia to indonesia. the plane carrying 145 passengers was put into a rapid descent more than 20,000 feet to get the plane to more breathable air. and passengers say flight attendants only made it more frightening. here's nbc's tom costello. >> fasten your seat belts! >> reporter: panic at 34,000 feet as flight attendants screamed at passengers to don their oxygen masks. >> fasten your seat belts! >> reporter: airasia flight 535 from perth, australia, to bali, indonesia, lost cabin pressure. the plane descended fast, 22,000 feet in a matter of minutes. passengers said some flight attendants were hysterical. >> one of the stewardesses was running down the aisle screaming

you know, they are -- bayer is saying they can close the deal in 2018.a step forward for them in that regard. this takes care of one issue they needed to resolve to get antitrust approval. i think investors are skeptical the deal will go through as quickly as bayer is saying. this news today certainly helps. manus: it is something they have been reluctant to do. they have long resisted getting into the seed business. this gets the consciousness briefly on that. phil: that is true, yeah. basf has had a broad portfolio nothemicals, but they have been in the seed part of it. they have resisted over the years, but there have been three big chemical deals. monsanto, dupont, and adds that has happened, the assets have come out in the market. this one turned out to be too good for basf to pass up. this is a step for them and to the market where they had not been previously. manus: thank you very much. afeno.ar more to come. ♪ ♪\ manus: welcome to vodafone --"bloomberg markets: european open." i am manus cranny alongside matt miller in berlin. to pull theeatenin

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it will help clear the way to get this year done. , theiru look at bayer share prices done pretty wellhey announced the purchase. analysts coming up this morning saying this deal was good for them. not just for basf and not a surprise is a lot of divestments were expected in order to be able to get that deal done. the: tell us more about crop science building -- business they are obtaining. taylor: it's the biggest acquisition ever for basf in the herbicide business. that segment when it was a part of bayer generated $1.3 billion in revenue, going down the income statement, about 385 million euro -- i should be saying euros. vonnie: it's becoming this anything. -- it's becoming the same thing. taylor: they are looking at that in the first quarter of 2018. that company's last opportunity to enter the seeds market that they haven't yet done that. now becoming more of a competitor. vonnie: taylor riggs, thank you. with the stock of the hour. mark: time to the bloomberg business flash come a look at the biggest business stories in the news right now. the world's biggest hedge fund firm mad

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