Indiana’s finances taking big blow from coronavirus crisis
Perhaps $1 billion will have to be spent from the state’s $2.3 billion in cash reserves to get through the budget year that ends June 30, Gov. Eric Holcomb said Friday.
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GM says it’s moving as fast as possible to make ventilators in Indiana
Experts on managing factory production say GM is making an extraordinary effort for a company that normally isn’t in the business of producing ventilators.
Instacart workers seek strike as jobs get busier, riskier
A group called the Gig Workers Collective is calling for a nationwide walk-out Monday. They’ve been asking Instacart to provide workers with hazard pay and protective gear, among other demands.
Penske shares thoughts on having to postpone Indy 500
In a wide-ranging interview, Roger Penske insisted his commitment remains steadfast to the Indianapolis Motor Speedway and the IndyCar Series as the world waits for the pandemic to end.
NCAA weighs more eligibility for sports cut short by pandemic
The NCAA Division I Council is scheduled to vote Monday on whether to allow another year of eligibility for spring sport athletes such as baseball, softball and lacrosse players, who had their seasons wiped out by the coronavirus pandemic.
House debates $2.2T virus relief bill amid last-minute snag
Libertarian Rep. Thomas Massie, R-Ky., was threatening to slow action by demanding a roll call vote. That would force many lawmakers to make the journey to Washington, D.C., to cast a vote on legislation that is certain to pass anyway.
UPDATE: Ford, Fiat Chrysler, Honda, Toyota seek to restart factories
The plants would reopen in early or mid-April, restoring the largest source of cash for automakers that generally book revenue when they ship vehicles to dealerships.
NCAA slashes distribution to member schools by $375 million
The organization had been scheduled to distribute $600 million to more than 300 Division I schools from April to June.
Powell says Federal Reserve will provide nearly unlimited lending
Federal Reserve Chairman Jerome Powell said the Fed was “not going to run out of ammunition” when it came to helping the economy recover quickly once the threat from the virus has passed.
Indiana’s inmates still eating meals together amid pandemic
The Indiana Department of Correction said there are no known cases of COVID-19 among the nearly 27,000 offenders housed at the state’s prison, but it also concedes that it hasn’t tested any of those inmates.
A look at what’s in the $2.2T rescue package approved by Senate
Here are major highlights of the package to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic.
Stock market sees first back-to-back gains in five weeks
Stocks closed higher Wednesday, but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed.
Rural America grows more fearful as pandemic erupts in cities
Tiny towns tucked all over the country might not have had a single case of COVID-19, but their main streets are also empty and their medical clinics overwhelmed by the worried.
Factory orders showed solid gain before coronavirus reached U.S.
The Commerce Department said Wednesday durable goods orders rose 1.2% last month, rebounding from January when orders had shown a tiny 0.1% gain.
Trump, Congress agree on $2 trillion virus rescue bill
The urgently needed pandemic response measure is the largest economic rescue measure in history and is intended as a weeks- or months-long patch for an economy spiraling into recession and a nation facing a potentially ghastly toll.
Top state officials urge residents to take stay-at-home order seriously
Top Indiana officials warned Tuesday that the state’s jump in coronavirus illnesses is likely just the beginning and that obeying a new stay-at-home order is necessary.
Can blood from coronavirus survivors treat the newly ill?
A network of U.S. hospitals is waiting on permission from the Food and Drug Administration to begin large studies of the infusions both as a possible treatment for the sick and as vaccine-like temporary protection for people at high risk of infection.
Potential coronavirus treatment granted rare disease status
Experts who have studied the so-called “orphan drug” program say the company’s request—and the FDA’s decision to grant it—seem inappropriate given the rapidly expanding threat of the viral outbreak. A financial analyst, though, called Gilead’s request “pretty standard.”
Trump says he hopes U.S. will be reopened by Easter amid virus
During a private conference call with roughly 30 conservative leaders on Tuesday, Vice President Mike Pence reinforced Trump’s eagerness to lift coronavirus-related work and travel restrictions “in a matter of weeks, not months.”
Congress closing in on nearly $2 trillion virus aid package
Ravaged in recent days, the stock market climbed significantly Tuesday morning as negotiators signaled a resolution was in sight. The Dow Jones industrial average was up nearly 9% at noon.