Morning Minutes: Missouri needs transportation matching funds, Rate hike likely

Photos courtesy of (clockwise from top left) nextSTL/Flickr, Creative Commons, and Day Donaldson/Flickr
Photos courtesy of (clockwise from top left) nextSTL/Flickr, Creative Commons, and Day Donaldson/Flickr

Here are today’s top business headlines from across Missouri:

Missouri needs matching funds to maximize benefits of transportation plan

Even with Congress backing a $305 billion transportation bill, Missouri could lose out if state lawmakers don’t find matching funds to maximize the opportunity being presented in the five-year bill. Read more

Yellen signals confidence in economy, rate hike likely

Federal Reserve Chair Janet Yellen said she’s confident in the outlook for economic growth and warned that waiting too long to end the era of near-zero interest rates could force the central bank to tighten too quickly, which would risk disrupting financial markets and the six-year expansion. Read more

St. Louis aldermen reject bill calling for public stadium vote

A St. Louis aldermanic committee on Wednesday voted against a bill that would have required a public vote over the use of municipal funds for the city’s proposed riverfront football stadium. Read more

Judge dismisses St. Louis taxi commission’s suit against Lyft

A judge has dismissed a lawsuit filed by the St. Louis Metropolitan Taxicab Commission against Lyft, a ride-hailing service, and lifted an injunction forbidding it from operating in the St. Louis area. Read more

Express Scripts covers $1 alternative to $750 pill Daraprim

The U.S.’s biggest manager of prescription drug benefits said it will cover a $1-a-capsule alternative to the anti-parasitic treatment Daraprim, which costs $750 a pill after Turing Pharmaceuticals AG raised the drug’s price from $13.50 this year. Read more

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