Missouri Minute: Sprint CEO mum on merger; Bayer plans KC expansion

Here are today’s top headlines from across Missouri:

Sprint, T-Mobile report quarterly gains as merger looms

Sprint announced earnings on Wednesday, reporting profit of $176 million, or about 4 cents per common share, to beat Wall Street estimates. The quarterly results come as the Overland Park, Kansas-based wireless provider waits for regulators to approve its proposed $26 billion merger with rival T-Mobile. New Sprint CEO Michel Combes offered virtually no guidance Wednesday on how the company’s merger efforts are progressing. Read more

Missouri counties, city file suit over ‘opioid epidemic’ costs

Ten Missouri counties and the city of Joplin are suing dozens of manufacturers and other stakeholders in the pharmaceutical industry, seeking reimbursement for the cost of fighting the “opioid epidemic.” The lawsuit, filed Wednesday in St. Louis Circuit Court by lawyers from across the state, says manufacturers and distributors willfully misled the public and medical community in order to increase profit. Read more

Bayer Crop Science seeks bonds for $42.7 million KC expansion

Bayer Crop Science is planning a $42.7 million expansion of its manufacturing facility in Kansas City, and the company wants the city to issue $25 million of industrial revenue bonds to help finance the project. A plan filed by Bayer calls for an expansion to house production of a fungicide. The project would not create new jobs, according to the company, but it would enable the retention of 100 jobs with an average wage of $100,000. Read more

Reopened Bootheel aluminum plant sends first shipment

A recently reopened aluminum plant in southeast Missouri celebrated its first shipment Tuesday. Magnitude 7 Metals reopened the plant, located in the town of Marston in New Madrid County, earlier this year. Magnitude 7 purchased the facility from Noranda Aluminum, which declared bankruptcy and shuttered the plant in 2016. Read more

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