$40M data center opens in northwest Indiana
Roughly half of the center has been leased for servers that’ll be connected to a fiber line to downtown Chicago.
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FDA panel urges rejection of experimental Alzheimer’s drug
The Biogen drug, known as aducanumab, does not cure or reverse Alzheimer’s, but it might modestly slow the rate of decline.
Biden wins White House, vowing new direction for divided U.S.
Joe Biden’s victory came after more than three days of uncertainty as election officials sorted through a surge of mail-in votes in an extraordinary close election that delayed the processing of some ballots. It was unclear whether President Trump would publicly concede.
U.S. consumer borrowing increases by $16.2 billion
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
Trump faces tough road in getting Supreme Court to intervene
President Trump could need the court’s help in two or more states, an unlikely scenario that is far different from what took place in the 2000 election, the only time the court has effectively settled a presidential election.
Biden on cusp of presidency after gains in Pennsylvania
Democrat Joe Biden moved closer to winning the presidency on Friday as he opened up narrow leads over President Donald Trump in the critical battlegrounds of Georgia and Pennsylvania.
Economy added 638,000 jobs in October, dropping unemployment rate to 6.9%
The U.S. economy has recovered two-thirds of the ground it lost during the first half of the year, and yet has a long way to go and remains vulnerable, economists said.
Court orders FDA to assess environmental impact of modified salmon
The ruling centers on AquaBounty’s salmon, which are genetically modified to grow faster than normal salmon. After clearing other regulatory hurdles. AquaBounty began growing the fish in indoor tanks at an Indiana plant last year.
Fed signals readiness to do more for economy as virus rages
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Republican victories tighten party’s control of Indiana Legislature
Indiana Republicans will be returning to the Statehouse with an even tighter grip on the Legislature after again turning aside Democrats who had tried to break the GOP’s supermajority control.
Wall Street rallies again as election-week gains continue
The S&P 500 rose 1.9%, its fourth straight gain of more than 1%, and is now up 7.4% for the week. That would be its best week since the market was exploding out of the crater created in February and March by panic about the coronavirus pandemic.
Biden pushes closer to victory as Trump presses legal moves
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
Company winding down ventilator production in Kokomo
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
AstraZeneca to deliver vaccine trial data by year’s end
AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses in January, CEO Pascal Soriot said Thursday.
U.S. productivity increases 4.9% in third quarter
U.S. labor costs fell by 8.9% in the third quarter after rising by 8.5% in the second quarter, the Labor Department reported Thursday.
Trump sues in three states, laying groundwork for contesting election outcome
President Donald Trump’s campaign filed lawsuits Wednesday in Pennsylvania, Michigan and Georgia as he slipped behind Democrat Joe Biden in the hunt for the 270 Electoral College votes needed to win the White House.
With presidency in reach, Democrats grapple with disappointment
Joe Biden appeared to have a clear advantage in being elected president Wednesday afternoon, but the failure to achieve a clear Democratic wave as projected left President Donald Trump’s critics deeply disappointed.
Trump asks for Wisconsin recount, sues in Pennsylvania, Michigan
The Trump campaign said it filed lawsuits Wednesday, laying the groundwork for contesting the outcome in undecided battleground states that could determine whether President Donald Trump gets another four years in the White House.
Vote count continues in tight Indiana congressional race
Republican Victoria Spartz and Democrat Christina Hale faced each other for the seat that’s been a GOP bastion for decades.
Stocks mount big rally as investors embrace election results
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.