Missouri Minute: Stifel agrees to purchase German investment bank; Bayer CEO defends company structure

Here are today’s top headlines from across Missouri:

Stifel braces for Brexit, agrees to purchase German investment bank

Stifel Financial’s European subsidiary has agreed to acquire MainFirst, a German investment bank, the St. Louis-based financial services holding company announced Tuesday. The deal for MainFirst, which offers equity brokerage and equity capital markets services, gives Stifel greater access to “key European markets.” Read more

In St. Louis visit, Bayer CEO defends company structure

In comments during a visit to Monsanto’s former headquarters, Bayer CEO Werner Baumann defended his company’s corporate structure despite calls from analysts to break up the German conglomerate as its share prices tumble. Bayer, which bought Monsanto for $63 billion, has seen its shares lose a quarter of their value since a jury ruled in August that Monsanto’s weedkillers were responsible for a man’s terminal cancer. Read more

Amid soybean struggles, farmers eye return to corn, wheat

After years of increasing the amount of soybeans they planted as China’s demand for the crop grew, many growers across the U.S. farm belt are planning to return to two old staples next year: corn and wheat. That shift comes as farmer struggle to sell their soybeans amid President Donald Trump’s ongoing trade war with China. Read more

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