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Missouri Minute: ADM, Bunge talks break down; Missouri House committee approves Republican tax bill



Here are today’s top business headlines from across Missouri:

Deal talks between Bunge, Archer Daniels Midland said to break down

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

Missouri House committee approves Republican tax plan

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

UMKC arts campus returns to legislative agenda

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

Hawley to kick off Senate campaign with appearances Tuesday

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

Grocer Fresh Thyme to continue St. Louis growth with sixth store

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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