Missouri Minute: Bayer begins Monsanto integration; Bandura Systems raises $4 million

Here are today’s top headlines from across Missouri:

After regulatory delays, Bayer starts integrating Monsanto

Bayer, the German chemical and pharmaceutical company, said Tuesday it was starting to integrate Creve Coeur-based seed and chemical producer Monsanto into its corporate structure. Bayer became Monsanto’s sole owner in June, but the companies had to delay fully combining until completing divestments required to gain regulatory clearance for the $63 billion deal. Read more

Cybersecurity startup Bandura Systems closes $4 million round

Bandura Systems, a cybersecurity firm based in Lake St. Louis, announced a $4 million Series A investment round Tuesday. The fundraise follows less than six months after Bandura closed a $3.5 million seed round. Cultivation Capital, a St. Louis-based venture capital firm, participated in the latest round. Read more

New proposal seeks reduced regulations on coal power

The Trump administration on Tuesday proposed a reduction of restrictions on coal-fired power plants, even as it acknowledged the move could spur more deaths and serious illness. The plan, which would roll back Obama-era coal regulations, calls for an increase in states’ authority to regulate coal power plants. In Missouri, where 81 percent of electricity was generated by coal last year and two of the nation’s largest coal companies are based, the proposal could carry particular weight. Read more

Audit highlights problems with mapping software for taxes

Inaccuracies in mapping software used by the state to determine local tax rates are causing undue headaches for taxpayers across the state, according to a new report from Missouri Auditor Nicole Galloway. The audit looked at sales and use tax collections processes used by the Missouri Department of Revenue after Missourians purchase motor vehicles. According to the report, the mapping software used to determine tax rates is often inaccurate in 15 counties, forcing residents to provide additional identification if they hope to avoid paying incorrect tax rates. Read more

St. Louis IT conference donates more than $310,000 to local groups

Gateway to Innovation, an annual technology conference held in St. Louis, will donate more than $310,000 to 32 recipients, organizers announced Monday. The conference donates 100 percent of its net proceeds every year, disbursing funds in the form of scholarships, contributions to endowments and more. Read more

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