Missouri Minute: House OKs state budget; Energizer surges on ‘surprise’ approval

Here are today’s top business headlines from across Missouri:

House OKs budget to boost education funding, cut elsewhere

The Missouri House approved a budget plan Thursday that includes more money for early education and flat funding for higher education while retaining cuts to services for seniors and people with disabilities, the Associated Press reports. Read more

Senate approves reduced historic building tax credit

A plan approved by the Missouri Senate would scale back a tax credit program that helps developers restore and reuse old buildings. The bill, which now heads to the House, would reduce the annual cap on the state’s historic tax credit to $90 million, down from $140 million. It would allow the state to allocate another $30 million for the program if the cap is met and the projects are tailored for high-poverty areas. Read more

Energizer stock surges after ‘surprise’ approval of $2 billion deal

Shares of Energizer charged upward Thursday following the Federal Trade Commission’s approval of the company’s $2 billion acquisition of rival Rayovac. The Town and Country-based battery maker’s stock closed Thursday at $59.58, up 12.4 percent from its Wednesday closing price. The Rayovac deal, first announced in January, will leave Energizer as one of two major global battery producers. Read more

New measles cases, potentially exposed businesses identified in KC

Officials have identified three new cases of measles and three more businesses in the Kansas City area where people may have been exposed. The Kansas Department of Health and Environment said the newest cases may have originated from a Walgreens in Kansas City, Missouri, and a Chuck E. Cheese and Chick-fil-A in Olathe, Kansas. Read more

New NGA leader prepares for transition, discusses looming issues

Brett Markham recently took the reins of the National Geospatial-Intelligence Agency’s western headquarters in St. Louis. In the role of deputy associate director and west executive, Markham will oversee the federal intelligence agency’s 3,600 area employees and its $1.75 billion new facility, set to open in north St. Louis in 2024. Read more

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