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Lilly still bullish on COVID-19 therapy, despite end of trial
Although federal officials pulled the plug on a trial testing a Lilly antibody drug for people hospitalized with COVID-19, other studies for the therapy are continuing on populations that could become big markets.
Cummins stock surges to record on better-than-expected third-quarter results
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
Starch manufacturer seeks $2.6M tax break for expansion plans
The company does not plan to add any jobs as it expands operations southwest of downtown, but it will retain 374 employees who earn an average hourly wage of $33.92.
Restaurant supplier planning new warehouse downtown along Senate Avenue
Zesco Restaurant Supply needs to replace a nearby warehouse that will be demolished as part of IU Health’s massive expansion of its Methodist Hospital campus in coming years.
UPDATED: Lilly antibody drug fails in COVID-19 study for hospitalized patients
| Associated Press and IBJ Staff
The discontinuation of the study, along with the release of third-quarter earnings that fell short of analysts’ expectations, caused Lilly shares to fall 3.5% in premarket trading Tuesday.
Hospitals nationwide see flood of COVID-19 patients
| The Washington Post and IBJ Staff
Forty-one states and Puerto Rico have more hospitalized COVID-19 patients now than at the end of September, and 22 of those states have seen increases in excess of 50%, according to health data analyzed by The Washington Post.
Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11
Labor experts and bankruptcy attorneys say the payouts are particularly egregious—and unjustifiable—during an economic crisis, and were timed to bypass a 2005 law passed specifically to prevent executives from prospering while their companies flailed.
Pence skips final confirmation vote for Barrett after latest coronavirus outbreak at White House
A group of 10 Democratic senators, led by Minority Leader Chuck Schumer of New York had urged Pence in a letter to stay away from the chamber given the latest outbreak of the coronavirus at the White House.
Barrett confirmed as Supreme Court justice in partisan vote
Trump’s choice to fill the vacancy of the late liberal icon Ruth Bader Ginsburg potentially opens a new era of rulings on abortion, the Affordable Care Act and even his own election. Democrats were unable to stop the outcome, Trump’s third justice on the court, as Republicans race to reshape the judiciary.
Barrett ads tied to interest groups funded by unnamed donors
Overall, the Judicial Crisis Network, which was founded in 2005 to promote President George W. Bush’s nominees, said it would spend at least $10 million to support Barrett’s confirmation—roughly the same amount it spent to successfully advocate for Trump’s prior picks for the high court, Justices Neil Gorsuch and Brett Kavanaugh.
Delta, United and Alaska Airlines have banned more than 900 passengers for not wearing masks
With airlines imposing mandatory mask requirements on flights amid the coronavirus pandemic, many unhappy passengers have made headlines for being removed from flights for refusing to wear a mask.
Stocks swoon to worst day in month as virus cases surge
The S&P 500 fell 1.9% Monday to 3,400.19 points, deepening its losses from last week. The Dow Jones Industrial Average fell 2.3% to 27,685.38 points, and the Nasdaq dropped 1.6% to 11,358.94 points.
Indiana gets 10-year extension for HIP insurance program, but Obamacare lawsuit clouds future
The program for low-income Hoosiers is funded by federal Medicaid dollars, but Indiana Attorney General Curtis Hill Jr. is backing a multistate lawsuit that would eliminate the Affordable Care Act. Without federal funding, Indiana likely could not afford to continue HIP.
Appeals court backs Indiana’s limits on voting time extensions
Federal judges have upheld a law unique to Indiana that prohibits voters from asking county judges to extend voting hours beyond the state’s 6 p.m. closing time because of Election Day troubles.
Indiana’s count of new COVID-19 cases tops 2,000 for fourth straight day
The state on Monday reported 13 more deaths due to COVID-19. The seven-day moving average for cases has reached an all-time high of 2,215.
Speedway Museum hires Indiana native as new president
Joe Hale will oversee the museum’s operations, programming, partnerships, communications and advertising efforts.
Women of Influence 2020
Introducing the class of 2020 IBJ’s Women of Influence program recognizes women who have risen to the highest levels of business, the arts, and community and public service in central Indiana. This year’s list includes small-and large-company CEOs, public officials, educators and executives from health care, finance, law and manufacturing. Alison Bell Chancellor and RegionalVice […]
Airlines face winter survival test after virus slows rebound
The pain is evident across the globe, where airlines have rescinded earlier forecasts that called for traffic to gradually increase toward normal levels during the fourth quarter.
USDA approves Indiana’s plan for commercial hemp growing
Previously, hemp growers needed a research proposal and to be associated with a university to apply for a license. Under this newly approved plan, however, farmers can become independently licensed.
