Morning Minutes: Supreme Court upholds insurance subsidies, school transfer veto likely

Photos courtesy of Creative Commons
Photos courtesy of Creative Commons

Here are this morning’s top business headlines from across Missouri:

Supreme Court upholds nationwide health care subsidies

The U.S. Supreme Court on Thursday ruled that the federal government may provide nationwide tax subsidies to help people buy health insurance, a key tenet of President Barack Obama’s health care law. The case before the high court had threatened to undermine the president’s Affordable Care Act by eliminating subsidies for millions of people across the country, including about 200,000 in Missouri.

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Ethanol advocates urge EPA not to reduce fuel use mandate

A couple hundred ethanol advocates, including Govs. Jay Nixon of Missouri and Terry Brandstad of Iowa, turned out for an Environmental Protection Agency hearing on Thursday in Kansas City, Kan., urging the federal agency not to lower its ethanol-use mandates.

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Nixon will veto school transfer bill, sponsor says

For the second time in two years, Gov. Jay Nixon appears likely to reject a bill aimed at overhauling the state’s school transfer laws. Rep. David Wood, R-Versailles, who sponsored the school transfer bill this year, said the governor’s office told him Nixon would veto the legislation Friday.

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KC ad agency GlynnDevins sells stake to private equity firm

A North Carolina-based private equity firm will purchase a “substantial” equity interest in GlynnDevins, an Overland Park, Kan.-based advertising and marketing agency specializing in senior-living communities. The agreement with Falfurrias Capital Partners, which comes after a two-year search by GlynnDevins, will enable the Kansas City-area firm to grow and tap into new resources, principal Jim Glynn said.

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Kansas City’s East Crossroads welcoming another wave of new businesses

The area, located just south of downtown Kansas City and due east of the Crossroads Arts District, welcomed a wave of new businesses earlier this year. Now, another group of new tenants are scheduled to open shop in the neighborhood, including a distillery, winery, breweries, a restaurant and potentially a beer hall.

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