Missouri Minute: Bayer to cut 12,000 jobs; St. Louis airport privatization drawing big investor interest

Here are today’s top headlines from across Missouri:

Bayer to cut 12,000 jobs as pressure mounts after Monsanto deal

Bayer plans to eliminate 12,000 jobs and sell off its animal health unit in an effort to pacify Wall Street. The German company has faced a wave of lawsuits and seen steep declines in its stock price since it acquired Creve Coeur-based Monsanto. The sale of the animal health business could be felt in the Kansas City area, where Bayer Animal Health is one of the top employers in the animal health sector. Read more

St. Louis airport privatization drawing big investor interest, consultant says

The prospect of privatizing St. Louis Lambert International Airport has generated significant interest among potential investors, according to a firm advising the city on whether to privatize the airport. The opportunity has has drawn attention from airport operators, infrastructure fund managers and pension funds. Read more

Columbia lab operator Boyce and Bynum sells to Quest Diagnostics

Boyce and Bynum Pathology Professional Services, a Columbia-based company that runs pathology labs across the Midwest, has agreed to be acquired by Quest Diagnostics. For New Jersey-based Quest, the deal expands the services it offers in the the region. Read more

Rate of children without health insurance rises in Missouri, US

For the first time in years, the number of American children without health insurance rose in 2017, according to a report released Thursday. Although the increase wasn’t a huge statistical spike, it’s striking because of the context: the uninsured rate typically stabilizes or decreases in times of economic growth. In Missouri, the number of uninsured children rose to 75,000, up about 5.6 percent from the year before. Read more

Sprint offers free home internet service to more KC students

Sprint is more than doubling its offer of free home internet for students in the Kansas City area who are otherwise disconnected. The Overland Park, Kansas-based wireless provider currently offers free mobile devices and internet access to students in four area school districts, but it’s expanding the program to 17 districts. That’s expected to increase eligibility to as many as 8,000 students, up from the current 3,400. Read more

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