The Missouri House of Representatives | Maria Jose Valero/Missouri Business Alert
Here are today’s top business headlines from across Missouri:
Legislation making it more difficult to prove discrimination cases against former employers is on its way to Gov. Eric Greitens. On a 98-30 vote, the Missouri House gave final approval Monday night to a bill requiring workers who claim discrimination in wrongful termination lawsuits to prove that bias was the explicit reason they were fired. The current standard is much lower, requiring them to prove only that bias contributed to their dismissal. Read more
Sinclair Broadcast Group has reached an agreement to buy Tribune Media Co. for $3.9 billion in a deal that brings together the parent companies of several Missouri television stations. Baltimore-based Sinclair will pay $43.50 a share for Chicago-based Tribune Media, and will assume about $2.7 billion in Tribune debt. Read more
As an “edge provider” whose business hinges on what happens once customers get on the web, Google Inc. faces fresh competition from cable and telecommunications giants free to sell consumer data to advertisers. But as Google Fiber — the niche subsidiary launched in Kansas City five years ago — shunning the data-for-dollars game might mean leaving money on the table. Read more
Express Scripts is tangled in a public feud over billions of dollars with Anthem Inc., its biggest client and the nation’s second largest health insurer. Anthem believes it is being overcharged for Express Scripts’ services and filed suit against the company last year in an attempt to recoup nearly $15 billion. Industry experts say the battle between the two companies raises questions about whether consumers are paying more for prescription drugs than they should be. Read more
Criticisms piled up once again from opponents blasting the latest version of a Working Families Flexibility Act. A piece of legislation that has reappeared regularly in Congress and the state houses got new life earlier this month through 229 Republican aye votes in the U.S. House. No Democrats supported it. The concept promises hourly employees the option to choose compensatory time off instead of overtime pay. But opponents say it would stomp on overtime pay rights granted under the 1938 Fair Labor Standards Act — and won’t benefit workers in reality. Read more
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