Missouri Minute: Bayer to shed seed assets; Trump budget could impact KC streetcar expansion

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

Bayer said to plan sales of seed assets to pre-empt regulators

Bayer AG will put some of its seed businesses up for sale, according to people familiar with the matter, in an attempt to address likely antitrust concerns over its $66 billion combination with Monsanto Co. The German company will send out information packages on three assets, which it may sell separately, to potential bidders, the people said, asking not to be identified because the deliberations are private. None of Creve Coeur-based Monsanto’s assets will be sold in the process, they said. The process could start as soon as this week, one of the people said. Read more

Trump’s budget could affect Kansas City streetcar expansion

President Donald Trump’s proposed budget could eliminate one funding source for a possible expansion of Kansas City’s streetcar line. Trump’s budget would eliminate the Transportation Investment Generating Economic Recovery (TIGER) grant program, a nearly $500 million grant program run by the U.S. Department of Transportation. Kansas City was awarded a $20 million TIGER grant in 2013 to help pay for the downtown streetcar line. Read more

St. Louis office market looks the best it has in years, but threats loom

After a solid 2016 that brought office vacancies in St. Louis to some of the lowest levels in more than 15 years, new construction, corporate downsizing and a big downtown vacancy could slow the momentum. Read more

Mayors in St. Louis, similar cities clash with Trump over immigrants

In the suburbs and countryside of Rust Belt swing states, President Donald Trump’s anti-immigrant message may have carried the day, but in St. Louis and the rest of the region’s dilapidated, post-industrial cities, it’s anathema. Immigrants in those cities have stabilized neighborhoods, cushioned city coffers and, in the process, supported credit ratings and bond sales. Read more

Growth presents opportunities, challenges for MU engineering, health professions

Hidden beneath a decrease of 1,914 undergraduate students at the University of Missouri from 2015 to 2016 are two schools that have seen their respective enrollments skyrocket in the past eight years. Since 2008, the MU College of Engineering undergraduate population grew by more than 1,000 students. In that same time period, the School of Health Professions enrollment has nearly tripled. Read more

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