Michael Stacy/Missouri Business Alert
Here are today’s top business headlines from across Missouri:
The fate of a proposed overhaul of Kansas City International Airport is the biggest issue on any local ballot as Missouri voters head to the polls Tuesday, but residents elsewhere in the state will cast votes on a variety of other issues. Read more
Unwilling to turn control of Sprint over to rivals at T-Mobile US, Sprint’s chairman vowed Monday to spend more money on the Overland Park, Kansas-based company’s wireless network. Masayoshi Son promised that Sprint would spend $5 billion to $6 billion a year on its network. Current spending is on pace for $4 billion or less this year, and that is an increase from $3 billion previously. Read more
The European Commission has resumed its antitrust review of Bayer’s planned takeover of Creve Coeur-based seed maker Monsanto after the companies were given time to provide more information. The new deadline for the Commission to decide over the deal is now March 5, the antitrust regulator said on Monday. Read more
President Donald Trump’s 90 percent cut to Obamacare advertising has U.S. health insurers in many states digging deeper into their pockets to get the word out about 2018 enrollment, which opened last week. Clayton-based Centene Corp., best known for its Medicaid health insurance, is expanding TV and print advertising for Obamacare as it ventures into three new states: Kansas, Missouri and Nevada. Other insurers are also stepping up their advertising game, with TV spots and guerilla marketing efforts. Read more
The revenue generated by a 2004 voter-approved initiative in Missouri to fund better highways and bridges has not been enough to cover the bond payments it authorized for hundreds of projects, putting the state in a more precarious position for future transportation funding. An analysis by The Associated Press also found the amount redirected from the state road fund to the Missouri State Highway Patrol has surged since passage of the amendment, which exempted the patrol from its new limits on diversions. Read more
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