Here are today’s top business headlines from across Missouri:
The city of St. Louis expects to increase its minimum wage within the next few days. It is waiting for an injunction to be lifted after the Missouri Supreme Court this week declined to reconsider an earlier ruling that allowed the city to establish a higher wage floor than the state of Missouri. An ordinance enacted in 2015 calls for the rate to go up to $10 an hour this year and $11 in 2018. Read more
Kansas City’s Smart City initiative recently won an Edison Award for innovation, providing high-level validation of a technology plan that involved a variety of public and private organizations. The City of Kansas City, Mo., Sprint, Cisco, Think Big Partners and other organizations won a gold award in the category of connected collaboration from the Edison Awards in New York City. The awards recognize innovative projects, products, organizations and leaders around the globe that are creating a positive impact in the world. Read more
Anthem Inc. is keeping its options open when it comes to its future pharmacy strategy, and hasn’t decided to quit working with Express Scripts. “It is important to note we have not ruled anyone in or out,” Joe Swedish, Anthem’s chief executive and chairman, said during the company’s earnings call on Wednesday. Swedish’s comment came two days after Express Scripts said it expected to lose its contract with Anthem, its largest customer, after the agreement expires at the end of 2019. Read more
Congress may be close to a deal to extend health benefits for retired coal miners whose medical coverage is set to expire Sunday. On Wednesday, a bipartisan group of House and Senate members said they were very optimistic that a deal was close to appropriate $1.3 billion over 10 years to cover more than 22,000 United Mine Workers of America retirees and surviving spouses who could lose health care promised in contracts with coal companies dating back to 1946. Read more
Euronet Worldwide Inc. failed to advance its bid for rival MoneyGram International on Wednesday, and management left open the possibility its effort would falter. Euronet CEO Mike Brown said that the company had no update on MoneyGram but then allowed that Euronet’s effort may not succeed. Euronet has been evaluating other potential acquisitions separate from its bid for MoneyGram and is looking for possible deals in all of its businesses. Read more
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