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Here are today’s top business headlines from across Missouri:
Several red states have decided to revisit the possibility of expanding Medicaid under the Affordable Care Act following the failure of Congress to repeal and replace the controversial law, but Republican leaders in Missouri have made it known Medicaid expansion will not take place in the Show-Me State. Gov. Eric Greitens, who would ultimately have to sign off on such a measure, emphatically said he would not sign a bill to expand Medicaid in Missouri. Read more
Anheuser-Busch InBev, the world’s biggest beer maker, plans to get all of its electricity from renewable sources by 2025. The move will require shifting 6 terawatt-hours of electricity from fossil-fuel plants to wind, solar and other renewable sources, the Leuven, Belgium-based company said in a statement Tuesday. That’s almost enough to power all of Spain for a month. Read more
The latest bill to receive Gov. Eric Greitens’ signature is another priority for Republicans: tightening rules on who can be called as an expert witness. He signed House Bill 153 into law Tuesday, a month and a half after he used his State of the State address to call Missouri and St. Louis in particular, a “judicial hellhole.” The new standards are touted by Republicans as business-friendly. Critics say the changes can ramp up costs and make seeking justice more difficult for plaintiffs. Read more
St. Louis-based Benson Hill Biosystems, which uses cloud biology to drive crop performance improvements, has closed its Series B financing round at $25 million. That’s up roughly $7 million from the $18 million the company reported raising in mid-March. The round was co-led by St. Louis-based Lewis & Clark Ventures and Silicon Valley-based Prelude Ventures. Read more
In his sixth year in office, Kansas City Mayor Sly James has struggled to sell the public on his vision for the airport and clashed at times with his City Council and Missouri legislators. But in his sixth State of the City Speech on Tuesday night, James resolutely chose to accentuate the positive, noting that the “Kansas City Spirit” of resilience and momentum he wanted to revive when taking office in 2011 is now reborn, and “the state of our city is strong.” Read more
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