GM cites improved chip supply in raising financial guidance
General Motors raised its outlook Wednesday and said it expects to return to a normal production rate by the end of next year.
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Fed survey finds supply chain shortages boosting inflation
In a survey of business conditions, the Fed’s 12 regional banks found that the economy continued to grow at a modest-to-moderate pace. But because of supply chain problems, price increases were reported to be widespread across the economy.
GivingTuesday: Record $2.7B raised during day of generosity
Donations on GivingTuesday, the annual campaign that encourages generosity on the Tuesday following Thanksgiving, rose by 9% this year in the United States alone, according to organizers.
Justices signal they’ll OK new abortion limits, might toss Roe
The outcome probably won’t be known until June. But after nearly two hours of arguments, all six conservative justices indicated they would uphold a Mississippi law that bans abortion after 15 weeks of pregnancy.
Notre Dame set to promote Kelly assistant to head football coach
Defensive coordinator Marcus Freeman would become the second Black head football coach at Notre Dame after Tyrone Willingham (2002-04).
Indiana COVID-19 cases hit highest mark since early January as death toll passes 17,000
Statewide hospitalizations due to COVID-19 increased from 2,203 on Monday to 2,244 on Tuesday, the highest number since Sept. 23.
Scott Wise plans first Indianapolis location for Roots Burger Bar
After selling the Scotty’s Brewhouse chain in 2016, Wise got back into the restaurant game in 2019 with Roots Burger Bar. But he says he expects the third location, slated for Indianapolis’ northeast side, to be the last.
First U.S. case of COVID-19 omicron variant identified
A person in California who had been vaccinated against COVID-19 became the first in the United States to have an identified case of the omicron variant, the White House announced Wednesday.
Holcomb extends public health emergency in Indiana
The signing marks the 21st time Holcomb has extended the state’s COVID-19 public health emergency, which has been in place since March 2020.
Capital One drops all overdraft fees, latest bank to do so
A number other banks have announced this year—Ally Bank and regional banking giant PNC for example—that they would end overdraft fees or create programs that would greatly lower the chance a customer would get hit with an overdraft fees.
GM venture to build North American battery chemical plant
The plant will employ hundreds of people and will start making materials in 2024, said Doug Parks, GM’s global product development and supply chain head.
At historic abortion arguments, conservative justices signal changes
The high court is hearing arguments Wednesday in which the justices are being asked to overrule the court’s historic 1973 Roe v. Wade decision legalizing abortion and its 1992 ruling in Planned Parenthood v. Casey, which reaffirmed Roe.
Glick philanthropy buys 7 affordable-housing projects for $56M
In addition to two Indianapolis communities, the acquisition involved properties in Bedford, Bloomington, Lebanon, New Albany and Shelbyville.
New Salesforce co-CEO Bret Taylor has growth on his mind
Investors are clamoring for the top provider of cloud-based customer relations management software to prove it can expand beyond its core business. Any misstep is bound to be noticed.
COVID could cost the tourism industry $1.6T this year, and omicron might make it worse
The return of stricter COVID-19 restrictions to fight the latest variant has already left some travelers stranded. For many tourism businesses, it’s also threatening hopes of an upcoming holiday boost this year.
Allegion Ventures launches $100M technology investment fund
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
U.S. moving to toughen testing requirement for travelers
The Centers for Disease Control and Prevention said in a Tuesday statement that it was working toward requiring that all air travelers to the U.S. be tested for COVID-19 within a day before boarding their flight.
FDA panel backs first-of-a-kind COVID-19 pill from Merck
The Food and Drug Administration panel voted 13-10 that the antiviral drug’s benefits outweigh its risks, including potential birth defects if used during pregnancy.
State reports 117 more COVID-19 deaths, jump in hospitalizations
Indiana’s top medical groups pleaded Tuesday for more people to get COVID-19 vaccine shots as the state is in the midst of a new surge of infections and hospitalizations.
California faces challenge to law requiring women on corporate boards
A judge will begin hearing evidence Wednesday that could undo the law credited with giving more women seats in boardrooms traditionally dominated by men. The California law has spurred other states to adopt or consider similar laws.