Morning minutes: July 30

 

McCownGordon Construction recently purchased a DJI Phantom 2 drone. | Courtesy of Macomb Paynes/Creative Commons
McCownGordon Construction recently purchased a DJI Phantom 2 drone. | Courtesy of Macomb Paynes/Creative Commons

Here are today’s top headlines from across Missouri:

Express Scripts reports lower profit 

Express Scripts Holding Co., the nation’s largest pharmacy benefit manager, reported lower profit in the second quarter as its volume of filled prescriptions continued to decline. Express Scripts, which is preparing for a major expansion in its St. Louis-area operations, posted a net income of $515 million, 67 cents a share.

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Business deal-making slows in Kansas City 

Fifty-nine companies based in the Kansas City area bought another company or were sold through June, the lowest first-half total in seven years as measured by CC Capital Advisors, an affiliate of Country Club Bank.

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Health care startups in St. Louis attract record venture capital 

Midwest health care startups raised $777 million from venture capitalists in the first half of 2014, a record since that type of funding has been tracked, according to research from BioEnterprise. St. Louis health care startups raised $85 million in the first half, the largest total since the figures were first tracked in 2010.

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FAA deals blow to use of drones for farming, other business 

The Federal Aviation Administration’s notice on drones clearly restricts their use for commercial purposes, a change that could affect businesses and farmers across the state, along with researchers at the University of Missouri.

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Ballot Briefing: Amendment 9 and electronic privacy 

With Amendment 9, one of five measures up for public consideration on the Aug. 5 primary ballot, a state senator wants to expand the state’s constitutional protections to all electronic communications and data unless a warrant is issued.

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