Point Biopharma shares sink after pricing new stock offering at discount
Indianapolis-based biotech firm Point Biopharma Global Inc. hopes to raise about $125 million in the offering, before underwriting expenses and deductions.
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Biden officials visit Purdue as part of national push to bolster semiconductor production
Officials discussed their push to see Indiana ramp up its role at designing and manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.
Palou, Rosenqvist to remain with IndyCar teams next season
Driver Alex Palou will remain with Chip Ganassi Racing next season and Felix Rosenqvist will keep his seat with McLaren, the drivers announced Wednesday.
Jim Beam plans $400M expansion to ramp up bourbon production
The expansion will be used to produce two mainstays — Jim Beam white and black label bourbons — and will mostly support expected sales growth overseas.
U.S. wholesale inflation declined last month to still-high 8.7%
The cost of services—which are increasingly driving consumer inflation—rose 0.4% in August, driven by higher prices for public transportation, car rentals and some financial services.
Pet food maker begins construction on $260M plant in Rushville
The new facility will be Diamond Pet Foods’ first in Indiana and represents one of the largest private investments in Rushville’s history, according to the Rush County Economic Development Corp.
Italian manufacturer expands plan for Fishers by $367M, 265 workers
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
New 8,500-seat arena for Indy Fuel part of $650M Fishers District expansion plan
Fishers officials on Wednesday announced a $650 million expansion plan for Fishers District that includes the arena, a new event center, residential and lodging developments, and entertainment and dining options.
IPS proposal calls for district-wide schools shakeup
Seven schools will close or merge and 39 others will change the grades they serve in a reconfiguration of Indianapolis Public Schools unveiled during the superintendent’s annual State of the District address on Tuesday night.
Businesses, White House plan for possible rail strike Friday
Railroads have already started to curtail shipments of hazardous materials and refrigerated products ahead of Friday’s strike deadline.
Starbucks to revamp stores to speed service, boost morale
The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.
Myla Eldridge elected Marion County Democratic Party chair
Eldridge, vice chair of the Indiana Democratic Party, is now the first Black chair of the Marion County Democratic Party after a landslide victory against three other candidates.
Wall Street has worst day in more than 2 years on inflation data
The hotter-than-expected inflation reading has traders bracing for the Federal Reserve to ultimately raise interest rates even higher than expected to combat inflation, with all the risks for the economy that entails.
Eldridge, three others vying for Marion County Democratic chair
Marion County Clerk Myla Eldridge will be running against Ashley Greene-Hogue, Karla Nowlin and Rosemary Turentine during Tuesday evening’s caucus for the new Marion County Democratic Party chair.
Jim Brainard says he won’t seek eighth term as Carmel mayor
Brainard, who has overseen the Carmel’s transition from a traditional suburb to a destination city with a new downtown and more roundabouts than any other U.S. community, announced Tuesday that he will not seek re-election in 2023.
Twitter whistleblower cites security flaws before Congress
The former security chief at Twitter told Congress that the social media platform is plagued by weak cyber defenses that make it vulnerable to exploitation by “teenagers, thieves and spies” and put the privacy of its users at risk.
More dual-credit options expected to boost state’s sinking college-going rate
More Hoosier high schoolers than ever before have the option to earn college-level credit while still in secondary school—an opportunity Indiana education officials say could increase the number of students who pursue some form of higher education.
Existing home sales continue to cool as interest rates climb
Closed sales in the 16-county central Indiana area drooped from 3,883 in August 2021 to 3,461 last month—a year-over-year decrease of 10.9%, according to the latest data from the MIBOR Realtor Association.
North High Brewing Co. opening taproom in Circle Centre Mall
The Ohio-based brewer plans to begin serving pizza and craft beer Thursday in part of the former Granite City Food & Brewery location in the downtown mall.
