Good morning, MBA readers,
On the heels of a string of courtroom losses, Monsanto’s parent firm, Bayer, is looking to make billion-dollar amends. Meanwhile, Springfield’s Cox College is poised for big growth. Plus, people in St. Louis can’t seem to stop playing “Gloria” — or buying products celebrating the Blues’ Stanley Cup anthem. As you start a new week, take a few minutes to get caught up on these and other top business headlines from across the state.
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Bayer to invest $5.6 billion in weedkiller research
Bayer’s promise comes just a month after a California couple was awarded $2 billion in court over claims that Monsanto’s Roundup weedkiller causes cancer. (CNBC)
Centene scores another endorsement for acquisition
Proxy advisory firm Glass Lewis joined Institutional Shareholder Services in encouraging shareholders to approve Centene’s bid to purchase rival health care firm WellCare. (St. Louis Post-Dispatch)
Ripley County hospital will not reopen
A five-member board unanimously voted to dissolve the public hospital in Doniphan, capping a 13-month struggle to find a health care provider to replace SoutheastHEALTH of Cape Girardeau. (Southeast Missourian)
Cox College poised to be state’s second largest nursing program
The private college has received regulatory approval to expand its undergraduate nursing program to 400 students and has raised nearly $7 million for renovation and expansion. (Springfield News-Leader)
St. Louis aldermen advance lax cannabis zoning rules
St. Louis zoning officials recommended waiving the 1,000-foot distance requirement from schools and churches because the city’s high density would make it difficult for any medical marijuana facility to find real estate. (St. Louis Post-Dispatch)
Lincoln University extends president’s contract
Curators voted Thursday to extend President Jerald Jones Woolfolk’s contract through 2024. Woolfolk was initially hired last June on a three-year contract. (Jefferson City News Tribune)
Jefferson City group seeks to save storm-wrecked homes
A group formed by the Historic City of Jefferson is gathering investors to provide homeowners alternatives to demolishing their homes, such as buying out the property to preserve historic buildings. (Jefferson City News Tribune)
Saint Louis Zoo partners with local brewery to debut official beer
Urban Chestnut Brewing will donate $3 to the zoo for every case of Grizzly Ridge Kölsch sold. The Grizzly will become available June 22 at St. Louis-area grocery stores and beer retailers. (St. Louis Business Journal)
Hello, my name is
That’s the name of Anheuser Busch’s new special edition of Bud Light brewed to celebrate the St. Louis Blues’ first Stanley Cup win. While “Gloria,” Laura Branigan’s 1982 pop hit, provided the soundtrack for the Blues’ run to the Stanley Cup, the song — and the team that embraced it — helped local businesses sell everything from albums to burgers to beer.
Say that again
“So we wanted to do something a little bit different than just typical job training per se because we needed them to have another tool in their toolbox when they re-enter into our community. And that is potentially being their own boss.”
That’s Kellie Ann Coats, executive director of the Missouri Women’s Council. Coats worked with Missouri corrections chief Anne Precythe to create ASPIRE MO, a program that teaches inmates skills they need to become entrepreneurs after they are released from prison. The 20-week course taught participants how to advertise, develop business plans and navigate market projections.
That’s roughly how much sales tax collections have gone up in St. Louis’ special tax collection districts since 2010, the St. Louis Post-Dispatch reports. There are about 600 special tax districts, which often benefit private developers rather than consumers.
It’s been a pleasure doing business with you this morning.