Missouri Minute: Ownership group would pay cash for St. Louis soccer stadium; Airbnb to collect local taxes in St. Louis

Here are today’s top headlines from across Missouri:

St. Louis soccer ownership group would pay cash for downtown stadium

The St. Louis group vying for ownership of a Major League Soccer team is willing to pay cash for a $250 million downtown stadium. Carolyn Kindle Betz, granddaughter of Enterprise Holdings founder Jack Taylor and executive director of the Enterprise Holdings Foundation, said Wednesday that the ownership group didn’t plan to borrow money for the 20,000-seat stadium. Read more

Airbnb strikes deal with St. Louis to collect local taxes

Airbnb will begin collecting local taxes on bookings in St. Louis, the company announced Wednesday. Starting Dec. 1, the home-sharing service will collect the taxes and remit them to the License Collector’s office. Read more

Mariner Wealth Advisors acquires Houston firm

Mariner Wealth Advisors, an investment advisory firm based in the Kansas City area, is acquiring Patriot Wealth Management, a Houston-based firm with $2 billion in assets under management, Mariner announced Tuesday. Marty Bicknell, Mariner president and CEO, said in a press release that he has been familiar with Patriot’s leadership for close to a decade and that the firm is “a natural fit” as an acquisition. Read more

U.S. Steel, union workers ratify new contract

U.S. Steel and the United Steelworkers union have agreed to a new contract that increases wages for 16,000 workers across the country, including about 1,500 employees at the Granite City Works in suburban St. Louis. The agreement offers a contrast to events just three years ago, when the Granite City plant was idled and hundreds of its workers were laid off in the face of sluggish demand. Read more

Medical device maker Veran raises $20 million

Veran Medical Technologies, an Overland-based company that makes tools to help with cancer diagnosis, has announced a $20 million investment from BTG, a health care company based in the United Kingdom. The agreement gives BTG the option to buy Veran starting in January 2020. The funding aims to boost new Veran efforts focused on treating lung cancer. Read more

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