Morning Minutes: Earnings taxes renewed, Pfizer-Allergan deal scrapped

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

Election roundup: KC and St. Louis approve earnings taxes, Columbia elects Treece

Voters in Kansas City and St. Louis overwhelmingly approved five-year extensions to 1 percent earnings tax measures in their cities, averting large cuts to basic service budgets and handing decisive defeats to campaigns against the levy. Read more

New inversion rules draw Obama’s praise, end Pfizer-Allergan deal

President Barack Obama on Tuesday praised the Treasury Department’s proposed new rules aimed at curbing corporate inversions, a tax strategy he called “one of the most insidious loopholes out there.” Read more

Senate Budget Committee proposes Medcaid cuts

The Missouri Senate Budget Committee approved a spending plan Tuesday that authrozies about $55 million less for Medicaid than the Department of Health and Senior Services requested. Read more

Midtown Kansas City redevelopment plans expand

The Kansas City Plan Commission on Tuesday approved the addition of more residential units to a 18.4-acre redevelopment site just south of Crown Center. Read more

KC health care software firm Cactus merges with Houston company

Cactus Software, an Overland Park, Kan.-based company that makes credentialing software for the health care industry, has merged with Houston-based health care software symplr. Read more

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