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UPDATE: 4:30 P.M. EST

The Associated Press is reporting that the gunman shot an administrator and then himself at a St. Louis business school.

This story is developing.

SOURCE: AP

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Gunman shoots administrator at St. Louis business school, then shoots himself.

Fox News is reporting that two people were shot at a business school in St. Louis today.

According to sources:

A gunman reportedly fired multiple shots at the Stevens Institute of Business and Arts in the city’s downtown area. 

According to some reports, police believe one of the victims is the suspected gunman, who they say has a self-inflicted gunshot wound to the chest. 

The shooter is believed to be a student at the school. Fox 2 reports the gunman went into the building and shot at one of the school’s financial advisers before turning the gun on himself.

Police and ambulances are at the scene. Two people were reportedly transported to local area hospitals. Authorities are reportedly clearing each floor of the building.

The Stevens Institute of Business and Arts was previously known as Patricia Stevens College. There are about 200 students currently enrolled at the school.

This story is developing.

SOURCE: Fox 

PHOTO SOURCE: STL Today