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Storms damage grandstands at World Wide Technology Raceway, weekend events canceled

8 months 4 weeks ago
World Wide Technology Raceway in Metro East is one of the St. Louis-area businesses cleaning up after Thursday night's storms, with the damage impacting weekend events. Video from the area Friday morning showed some of the bleachers at the raceway flipped onto the bleachers on the opposite side of the track. An initial statement Friday from the raceway said the storm's high winds caused "extensive and permanent damage" to the west grandstands of the dragstrip. The statement was later updated to…
Sam Clancy

Challengers outraise incumbents in Missouri races for Senate, 1st Congressional District

8 months 4 weeks ago
With one seat in Congress up for grabs, an incumbent facing a serious challenge and a former publisher and media personality taking on a longtime officeholder, this year’s federal elections in Missouri promise an interesting summer and fall. Add to that the U.S. Senate race, where both likely fall contenders have more money already than almost every other candidate running statewide. In the 3rd Congressional District, where Republican incumbent U.S. Rep. Blaine Luetkemeyer is not seeking re-election,…
Rudi Keller

Study: Transparency in the secondary bond market can lead to fewer restrictions for borrowing firms

8 months 4 weeks ago
When companies borrow money, how their loans are structured depends on how much information potential lenders have about the borrowers’ current and future financial health. Previous studies have focused on characteristics of borrowing firms, such as financial reporting quality or uncertainty in firm fundamentals, as factors influencing loan terms. However, in a recent study, we explore how transparency in the financial markets — specifically, the secondary corporate bond market — affects…
Hoyoun Kyung and Mahfuz Chy

Missouri House gives initial OK to bill protecting pesticide-makers

8 months 4 weeks ago
The Missouri House gave initial approval this week to a bill that could protect pesticide manufacturers from some cancer lawsuits. The debate on the House floor wasn’t split along party lines, however, as several Republicans cautioned against the risk of cancers caused by pesticides. Legislation sponsored by state Rep. Dane Diehl, a Republican from Butler, would protect pesticide manufacturers from claims that they failed to warn consumers of possible cancer risks in their products as long as…
Quinn Coffman