Missouri Minute: Bayer shares plummet; Lee Jeans to leave Kansas City

Here are today’s top headlines from across Missouri:

Bayer shares plummet in wake of Monsanto cancer verdict

A verdict against Monsanto is spelling trouble for Bayer, the company that bought Monsanto for $63 billion earlier this year. After a jury ruled against the company in a cancer case last week, stocks for Monsanto plummeted. Read more

Historic Lee Jeans to leave Kansas City, go public

Lee Jeans announced Monday that it will leave Kansas City for North Carolina as part of a reorganization and split of its parent company, VF Corp. The move is part of the company’s plans to spin off its denim business — Lee and Wrangler — into an independent public company in order to focus on more profitable brands. Read more

Officials say massive water project could hurt state farming, shipping

Attorneys for the federal government and North Dakota are asking an appeals court to reject the state of Missouri’s challenge to a $244 million water project. Missouri officials say the project will deplete too much water and harm state farmers and shippers. Read more

Another advisory firm backs Cigna, Express Scripts merger

Cigna Corp. announced Monday that Glass Lewis & Co. is recommending its shareholders vote in favor of the proposed $54 billion acquisition of pharmacy benefits manager Express Scripts. Read more

Missouri rice farmers eye trading relationship with Egypt

Missouri rice farmers might soon be trading with an unlikely partner: Egypt. The Egyptian government recently slashed rice planting in half to conserve water, and a new dam near the Nile River’s source in Ethiopia is threatening to stem the flow of Egypt’s rice paddies, both of which could be opportunities for Missouri. Read more

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