Morning Minutes: Monsanto shifts focus from big deals, Sprint gets $2.2 billion in financing deal

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

Sprint gets $2.2 billion through SoftBank financing deal

Sprint Corp. has agreed to sell $3 billion worth of network assets to its parent company, SoftBank Group Corp., and investors for $2.2 billion in cash. Sprint will then lease back the assets in order to continue providing service to its customers. Read more

Monsanto shifts focus away from big deals, posts lowest Q2 profit since 2011

Monsanto Co. is no longer in the market for major acquisitions, chief executive Hugh Grant said in the company’s quarterly conference call Wednesday. After 2015 saw the Creve Coeur-based seed company repeatedly rebuffed in attempts to acquire Swiss pesticide-maker Syngenta AG, Monsanto will shift its focus to licensing and partnership deals and smaller acquisitions, according to Grant. Read more

Senate leader says he won’t pursue bills to end local earnings taxes

After voters in Kansas City and St. Louis re-approved 1 percent local earnings taxes, the leader of the Missouri Senate said Wednesday he will not pursue any bills this session aimed at ending the levies. Read more

MU nursing school receives $19.8 million grant for elderly care research

The Centers for Medicare and Medicaid Services awarded a $19.8 million federal grant to the University of Missouri’s Sinclair School of Nursing Wednesday, in order to help the school expand its efforts to reduce hospitalizations in nursing homes. Read more

Kansas City’s oldest brewpub to shut down in May

Kansas City’s oldest brewpub, Waldo’s 75th Street Brewery, will be shutting down May 15 to make way for a new ramen restaurant. Read more

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