Photo courtesy of St. Louis Business Journal

Missouri Minute: Lawmakers reach ‘breakthrough’ in bridge negotiations; Monsanto liable for farmer’s sickness



Want Missouri’s top business news delivered to your inbox every weekday? Subscribe here.

Congrats! You’ve made it to the end of the workweek. As you navigate your Friday, read up on the day’s biggest news. We have updates on Missouri’s bridge repair plans, a lawsuit against Anheuser Busch and the Kansas City FilmFest.


Stay alert

Missouri lawmakers reach ‘breakthrough’ in bridge repair negotiations
The state Senate reached a compromise that authorizes the Missouri Department of Transportation to issue $301 million in bonds. (St. Louis Post-Dispatch)

Monsanto liable for farmer’s sickness, French court rules
The farmer is seeking $1.1 million in damages in a case that marks another blow to the Bayer-owned business. (Reuters)

Anheuser-Busch InBev sued by outdoor apparel brand Patagonia
The retailer alleges Anheuser-Busch committed trademark infringement with the name, logo and marketing of its Patagonia beer. (Washington Post)

Lack of federal funding ‘not going to stop’ Kansas City Streetcar expansion
Federal funding sought by the KC Streetcar Authority wasn’t included in the 2020 fiscal budget, but the planned extension from downtown to UMKC will continue. (KCUR)

T-Mobile promises $41 billion investment to get $26.5 billion merger approved
The telecom giant agreed to invest in 5G infrastructure in California to get the state to sign off on its merger with Sprint. (Sacramento Business Journal)

Midwest companies increasingly moving to downtowns, but not St. Louis
The number of jobs within three miles of Midwestern downtowns rose 7% from 1996 to 2013, but the trend doesn’t apply to St. Louis. (St. Louis Business Journal)


Quick pitch

DrinKraft serves up kombucha for mid-Missouri
Josh Wexler has tried his hand at other businesses, but a desire to get healthy led him to his latest focus: kombucha. Wexler co-founded DrinKraft, which operates a Columbia kombucha bar and distributes the beverage across the area, and he serves up today’s elevator pitch.


Say that again

“While our preference would be for an approach that does not put the fate of long overdue bridge repairs in the hands of Washington D.C., we certainly understand that any proposed plan requires compromise to reach a workable solution.”

The statement from Gov. Mike Parson comes after Missouri Senators reached a compromise deal on Thursday for critical infrastructure repairs around the state. Under the new compromise plan, Missouri would spend $50 million upfront and potentially borrow up to $300 million, the Associated Press reports. The exact amount of money borrowed will depend on the amount of federal matching dollars Missouri can get.


Go figure

174

That is the number of entries featured in this week’s Kansas City FilmFest International. The five-day event, which started Wednesday and runs through Sunday, is expected to attract over 8,000 people, KCUR reports.


Send tweet


The former U.S. senator’s tweet comes as St. Louis continues to explore potentially leasing St. Louis Lambert International Airport. Metropolitan Strategies and Solutions, the firm conducting a study for the city, says it isn’t doing any telephone polling or asking leading questions. Instead, the firm says, it’s surveying residents at their homes and community meetings, the St. Louis Business Journal reports.


Hello, my name is

Shekhar Gupta

The chief technology officer of Overland Park, Kansas-based software firm Asuun says Kansas City needs to jump into the blockchain arena and become a cryptocurrency hub, Startland News reports. Gupta is organizing the inaugural Blockchain KC conference, to take place April 24.