Photo via Eeekster/Wikimedia Commons
Here are today’s top business headlines from across Missouri:
Anthem Inc. is likely to pull back from the Affordable Care Act’s individual insurance markets in a big way for next year, according to a report from analysts who said they met with the company. The move could limit coverage options for consumers at a politically crucial time for the law. The company, which sells coverage under the Blue Cross and Blue Shield brand in 14 states including Missouri, is one of the few big insurers that has stuck with the ACA. If Anthem quits, consumers in parts of Missouri and three other states would be at risk of having no Obamacare insurers for next year, according to an analysis. Read more
The Missouri House has passed a bill that would repeal the state’s “prevailing wage” law for public construction projects. The proposal, which passed Thursday with an 89-60 vote, would reverse a state law requiring cities, school districts and other government entities to pay more than the state’s minimum wage for public construction and maintenance projects. It now moves to the Senate. Read more
Google, Apple and Amazon are at the top, but 13 brands based in Missouri or suburban Kansas City garnered spots on a new list of the nation’s 500 strongest brands. Sprint, based in Overland Park, Kansas, ranks 67th in the ratings by Brand Finance. Bud Light tops the 12 Missouri-based brands at 89th on the list, overtaking Purina for the top spot. Read more
The Kansas City metro area continues to grow, while the St. Louis metro area lost population in the last year. The St. Louis metro’s population declined by 1,328 from 2015 to 2016, according to the latest migration estimates from the U.S. Census Bureau. And for the first time since 2011, St. Louis County dropped below 1 million people. Meanwhile, the Kansas City metro area experienced modest growth. Read more
Chesterfield’s Taubman Prestige Outlets is betting on an eclectic pop-up shop of local products and designer goods to attract the interest of capricious shoppers. Plagued with a rash of store closures, Taubman Properties is using the Emerge boutique to test the concept of filling holes with a rotating collection of small, local retailers. If it works as intended, it will be repeated at other Taubman Properties. Read more
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