DowDuPont CEO on company split, nearly $1 billion in research funding

DowDuPont’s highly anticipated split into three companies, set to occur in 2019, will generate nearly $1 billion in research and development funding, DowDuPont chief Ed Breen told CNBC on Thursday.

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“The beauty of redoing the portfolio and I’ll use DuPont as the example [is] we’re going to spend almost $1 billion on R&D per year, so it’s at a rate that’s very healthy compared to the competitive peer set,” Breen…

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