Startups raked in $621 billion in 2021, shattering funding records
In 2021, investors more than doubled the amount of cash they handed out to startups, according to new data from research firm CB Insights.
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Omicron might be headed for rapid drop in United States, Britain
The reason: The COVID-19 variant has proved so wildly contagious that it may already be running out of people to infect, just a month and a half after it was first detected in South Africa.
U.S. inflation soared 7% over past year in biggest jump since 1982
Rising prices have wiped out the healthy pay increases that many Americans have been receiving, making it harder for households, especially lower-income families, to afford basic expenses.
COVID-19 hospitalizations in Indiana reach all-time high
Indiana Hospital Association President Brian Tabor said hospitals around the state “have reached a state of crisis with dwindling capacity left to care for patients.”
Medicare limits coverage of $28,000-a-year Alzheimer’s drug
Medicare officials stressed Tuesday that they did not take cost into account in the coverage decision, but rather whether Aduhelm is “reasonable and necessary” for treating Alzheimer’s patients enrolled in the program.
EPA moves to crack down on dangerous coal ash storage ponds
Plants in four states, including Indiana, will have to close the coal ash ponds months or years ahead of schedule, the EPA said Tuesday, citing deficiencies with groundwater monitoring, cleanup or other problems.
Indiana lawmakers get pushback on partisan school board bill
School board members from across Indiana voiced opposition Tuesday to a Republican-backed proposal that would add political party identifications to what are now nonpartisan school board elections throughout the state.
Indiana House backs dropping state’s handgun permit law
The proposal, which would loosen Indiana’s already lenient firearms restrictions, passed on a largely party-line 63-29 vote despite the opposition of several major law enforcement organizations.
U.S. shoppers find some groceries scarce due to virus, weather
The shortages are widespread, impacting produce and meat as well as packaged goods such as cereal. And they’re being reported nationwide.
Holcomb paints rosy economic picture in State of the State address
Gov. Eric Holcomb’s speech offered a progress report on Indiana’s accomplishments and focused on his already-announced plans to improve the state’s quality of life. But he also acknowledged that challenges from the pandemic remain.
Pfizer plans to make up to 100M doses of omicron-specific vaccine by spring
The company has climbed to the lead in global vaccine production with 3 billion doses in 2021 and is planning to produce up to 4 billion doses in 2022.
Fed’s Powell: Inflation poses major threat to job market
Fed officials now expect to raise short-term interest rates three times this year, a sharp shift from September, when they were divided over doing it even once. Economists increasingly expect them to raise rates at least four times in 2022.
Rowland Design acquired by Cincinnati architectural firm
Rowland Design—one of the city’s largest and oldest commercial interior design firms—is changing its name to Luminaut Rowland in Indianapolis after being acquired by Luminaut, one of Cincinnati’s largest design firms.
Fishers shopping center sold for $7.5M to out-of-state firm
The buyer, who is based in Houston, has had multiple restaurants in downtown Indianapolis, including a Mo’s, A Place for Steaks, along with Nook and most recently Pomodoro.
‘Chicks on the Right’ co-founder to exit WIBC, cites vaccination mandates among reasons
Miriam Weaver says the primary factor in her departure is newly available time to focus on ‘Chicks on the Right’ work with Amy Jo Clark.
Lopresti: With national football crown, Georgia’s not complaining about Indy’s cold weather
Georgia’s 33-18 victory over Alabama in the College Football Playoff National Championship had to mean so much to Bulldogs everywhere, even Butler’s Blue was probably cheering.
Indianapolis-based medical software developer acquired by California firm
Sunnyvale, California-based Gener8 LLC has acquired RND Group, a 25-year-old software development firm headquartered in Indianapolis, the companies announced.
Ex-students sue Notre Dame, Georgetown, other elite universities over financial aid practices
The complaint, filed Sunday in a federal court in Illinois, claims the universities use a shared methodology to calculate financial need in a way that reduces institutional dollars to students from working- and middle-class families.
CDC weighs recommending better masks against omicron variant
With the highly transmissible omicron variant spurring record levels of infections and hospitalizations, experts have repeatedly urged the Biden administration to recommend the better-quality masks rather than cloth coverings to protect against an airborne virus.
Some health providers letting COVID-infected staff stay on the job
The move is a reaction to the severe hospital staffing shortages and crushing caseloads that the omicron variant is causing.