Missouri Minute: KC mayoral candidates debate sharing economy; hedge fund boosts stake in Bunge

Here are today’s top headlines from across Missouri:

KC mayoral candidates debate sharing economy at tech forum

The eight candidates in Kansas City’s 2019 mayoral race covered topics including the city’s technology talent pool, diversity and inclusion in the tech sector and adoption of the sharing economy on Monday at a forum to kick off Techweek Kansas City. The city’s relationship with the sharing economy, including platforms like Airbnb and Uber, proved a provocative topic. Read more

Hedge fund boosts stake in Bunge, pushes for changes

Hedge fund D.E. Shaw & Co. has increased its stake in grain trader Bunge Ltd. and is pushing the company to make operational improvements and add board seats, the Wall Street Journal reports, citing people familiar with the matter. The hedge fund has been working alongside agricultural investment firm Continental Grain Co. Together, the two firms own less than 5 percent of Bunge, which has its North American headquarters in Chesterfield. Read more

Venture capital report shows record quarterly haul for Missouri companies

Missouri companies raised $365 million in venture capital in the third quarter, according to the PwC MoneyTree report. That represents the largest quarterly haul for Missouri companies in records dating back to 1995. That total was more than double the $177 million raised by Missouri companies in the third quarter of 2017. It represented 1.3 percent of the national venture capital haul for the third quarter of 2018, making Missouri the seventh-most active state for venture deals during that period. Read more

Missouri ballots to feature record number of female candidates

The number of women in Missouri who are running for office this year has nearly doubled since 2016, with 103 women on the state’s November ballot. In 1992, the last so-called Year of the Woman, some thought parity was on the horizon in terms of female representation in Missouri. But the percentage of women in the Missouri General Assembly has hovered around 20 percent for the last two decades, growing by fewer than 5 percentage points since the 1992 surge. Read more

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