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These St. Louis companies were $1B 'unicorns.' Their valuations have since plummeted.

3 years 2 months ago
In 2021, St. Louis startups Benson Hill and Nerdy went public in a pair of deals that valued each company at more than $1 billion, making each a so-called "unicorn." However, in the months since Nerdy and Benson Hill began trading publicly, their share prices have dropped dramatically and shaved hundreds of millions off of each company’s market capitalization.
Nathan Rubbelke

Among the first pandemic cancellations, St. Patrick's Day parades return to St. Louis

3 years 2 months ago
It's been two years since Dogtown was filled with St. Patrick's Day revelers, but this spring on March 17, organizers hope the streets will go green once again. "We're back. The parade's back. The Dogtown festival is back," Jim Mohar, the parade's publicity chairman, said. The parade is run by the Ancient Order of Hibernians. Mohar said they've been working with City Hall and their local board of aldermen representative to make sure things are good to go, and the numbers are looking better and…
Sara Machi, KSDK

'Really encouraging': St. Louis task force says Covid conditions improving, but hospitals still stretched thin

3 years 2 months ago
The number of Covid-positive patients in St. Louis-area hospitals is starting to decline from the record-high numbers of the Omicron variant, but hospital leaders said their staff is still stretched thin. "We're finally starting to see some good progress in our fight against Omicron," Dr. Alex Garza of the St. Louis Metropolitan Pandemic Task Force said in a briefing Tuesday. "Our hospitalization totals continue to bounce around a little bit, but in general, they're trending down. And that's really…
Sam Clancy, KSDK

St. Louis is nearly out of industrial space: JLL on what’s next

3 years 2 months ago
The year 2021 was a wild one for the St. Louis industrial real estate market, and forecasts for 2022 show few signs of it easing. “We have record levels of different metrics at play,” said David Branding, a managing director in JLL’s St. Louis office. "We're at a record low level of vacancy right now, near record-high levels of construction and high levels of leasing." Industrial vacancy in St. Louis is at an all-time low of 3.3%, he said. Supply is so tight, in some cases, prospective tenants…
Lauren Lawley Head

St. Louis County names new police chief

3 years 2 months ago
The St. Louis County Board of Police Commissioners has named Kenneth Gregory as the department’s chief of police – bypassing a selection process that has been customary within the department throughout its history. “Over the past six months, the board has engaged in extensive discussions concerning our process for selecting and criteria for the next chief,” according to an email sent department-wide on behalf of the civilian board about the announcement. “Through our discussions, we addressed…
Christine Byers, KSDK