Missouri Minute: Greitens gives first State of the State address; Monsanto, Bayer expect to spend $16 billion on R&D

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

In first State of the State, Greitens outlines ambitious agenda

Against the backdrop of tight financial times, Gov. Eric Greitens delivered his first State of the State address Tuesday night, a rundown of GOP-led reforms he says will bring more jobs and business to Missouri. Read more

Monsanto, Bayer say they expect to spend $16 billion on R&D over six years

More details are emerging about Bayer’s possible acquisition of Monsanto. In a joint statement Tuesday, Bayer, the German chemical and pharmaceutical conglomerate, and Monsanto, the Creve Coeur-based agrochemical company, said there are plans to invest $16 billion in agricultural research and development over six years, with at least $8 billion of that in the U.S. Read more

Following Missouri Supreme Court decision, KC voters will get say on minimum wage

The Missouri Supreme Court on Tuesday ordered Kansas City to put a proposal on the ballot that could eventually boost the city’s minimum wage to $15 per hour. The decision reverses a 2015 decision by a trial judge that the ordinance shouldn’t go to a vote because it violated state law. Read more

Appeals court knocks million off amount HCA owes KC health foundation

A drawn-out legal battle between the Health Care Foundation of Greater Kansas City and the Hospital Corp. of America (HCA) came to another stopping point on Tuesday. The Missouri Court of Appeals reversed part of a 2015 ruling by the Jackson County Circuit Court, reducing the judgment to about $188.1 million. Read more

College officials say hiring, tuition, programs uncertain amid budget cuts

Missouri’s public colleges and universities were notified Monday that they will absorb more than half the $146 million in spending cuts Gov. Eric Greitens announced were necessary to square up this year’s state budget. Now they are waiting to hear how much state funding to expect next year. Read more

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