Here are today’s top business headlines from across Missouri:
Several higher education initiative programs in Missouri could lose all state funding after a recommendation made by the Department of Higher Education on Monday. One program that faces funding elimination is the MU Cooperative Medicine Program, located in Springfield. This potential elimination of the medical program comes in addition to Greitens’ proposed $98 million cut to higher education, including a $43 million cut to the University of Missouri System compared to appropriations the previous year Read more
Silicon Valley billionaire Peter Thiel made the maximum contribution to Missouri Attorney General Josh Hawley four days before Hawley’s office launched an investigation into Google. Thiel, a co-founder of PayPal and early investor in Facebook, wrote two checks to Hawley’s Senate campaign on Nov. 9 totaling $5,400, the maximum contribution for a federal race. Four days later, Hawley’s office announced that it was launching an anti-trust investigation into Google. Thiel had previously donated $300,000 to Hawley’s successful 2016 campaign for attorney general. Read more
Republicans in the Missouri General Assembly are poised to push for tax cuts for individuals and businesses during the remainder of the 2018 session. The early GOP plans from the House and Senate and Gov. Eric Greitens’ office have that much in common. But there are many variations and definitions of “tax reform,” and it is likely to take months to hammer out a final tax package. Details have trickled out about the governor’s plan, which centers on the promise to cut taxes for businesses and for “97 percent of Missourians” — without blowing a hole in the budget. Read more
A group of Missouri lobbyists have left the global law firm Dentons to start their own lobbying firm, Nexus Group. The group will be headquartered in Jefferson City and provide governmental relations, contract procurement and public policy services. The new firm’s clients include some of Missouri’s largest and most influential businesses and organizations, including Express Scripts, Centene, Major Brands, Lyft, the St. Louis Blues, the Kansas City Sports Commission, Anthem, Spire, Leggett & Platt and the Missouri Economic Development Council. Read more
Starting this week, electric vehicle cab service — offered to the public for free — is coming to downtown St. Louis, as part of a pilot project. Service will be offered “to and from anywhere within downtown St. Louis,” according to Downtown STL Inc., the organization that is coordinating the project as part of its overall aim to promote vibrancy of the city’s urban core. The “on-demand transportation service” will enable point-to-point travel for users in electric, five-passenger “eCabs” that can be hailed on the street or through an app or phone number. Read more
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