Photo courtesy of Information St. Louis
Here are today’s top business headlines from across Missouri:
Takeover talks between Archer Daniels Midland and Bunge have stalled, jeopardizing a deal that would have created one of the world’s largest agricultural companies. Talks had slowed recently as the companies considered how to navigate antitrust challenges, The Wall Street Journal reports. It’s not known whether discussions between the companies will resume. Read more
A Missouri House committee voted along party lines Monday to approve a Republican’s tax plan that would cut the state’s personal and corporate income tax rates and increase driver’s license and registration fees. House Speaker Pro Tem Elijah Haahr, R-Springfield, has proposed reducing the state’s highest personal income tax rate from 5.9 to 5 percent and cutting the corporate income tax rate from 6.25 to 5 percent. Read more
A plan to use state money for a University of Missouri-Kansas City downtown arts campus has new life in the Missouri Legislature. Rep. Noel Shull, R-Kansas City, has introduced a bill to fund half the cost of a $96 million conservatory of dance and music in downtown Kansas City. Gov. Eric Greitens vetoed a similar proposal, which had garnered bipartisan and community support, last year. Read more
Missouri Attorney General Josh Hawley will kick off his campaign for U.S. Senate with appearances Tuesday in the Kansas City and St. Louis areas and Springfield. Hawley, elected as the state’s attorney general in 2016, is seeking to unseat Sen. Claire McCaskill, a Democrat. He faces opposition in the GOP primary but is viewed as the frontrunner in terms of fundraising and support from prominent Republicans, including President Donald Trump. Read more
Fresh Thyme, a growing grocery store chain, plans to open a new location in the St. Louis area on Wednesday. It marks the 70th location overall for the Chicago-based grocer and the sixth to open in the St. Louis region since 2014. Read more
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