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Missouri Minute: Mallinckrodt to spin off generic drugs business; St. Louis real estate forecast covers central core development



Here are today’s top headlines from across Missouri:

Mallinckrodt plans to spin off generics drugs business

Mallinckrodt plans to spin off its generic drug business next year, the company announced Thursday, creating one company focused on generic pharmaceuticals and another focused on specialty products. The pharmaceutical company, which has its U.S. headquarters in the St. Louis area, is expected to keep the Mallinckrodt name and St. Louis base for the generics business. Read more

St. Louis real estate forecast covers central core development, talent retention

Investment in St. Louis’ central core was among the causes for optimism cited Wednesday at a meeting of stakeholders in St. Louis’ real estate and development community. That swath of the city — stretching from the Gateway Arch to Forest Park — is the site of some $8 billion in current construction projects, according to Chip Crawford, chair of the Urban Land Institute in St. Louis. Read more

H&R Block faces new investigation over ‘no-poach’ hiring

H&R Block, the Kansas City-based tax services company, was recently sued by a former employee alleging harm as a result of the firm’s “no-poach” hiring practices. Now, H&R Block faces an investigation in Washington state over the same issue. Washington Attorney General Bob Ferguson’s office is looking into H&R Block and other businesses that are said to use no-poach clauses in contracts with franchisees. Read more

Kansas City to change restrictions on who can work serving alcohol

Kansas City will soon loosen restrictions that previously have prevented people convicted of certain felonies from serving liquor in places of business. The Kansas City Council approved changes to the city’s liquor card program on Thursday. Read more

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