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.
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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.
Futuro plans Grumps Slice Stop as pizza partner of Black Circle Brewing
Grumps will replace Elena Ruz Cuban Cuisine, the sandwich shop that opened with Black Circle as part of the Refinery 46 complex in December 2016 but announced its closing on Saturday.
Lawmakers formally file legislation to limit business vaccine mandates
House Bill 1001 was the first bill filed for the legislative session that kicks off on Jan. 4, meaning it is likely a priority for GOP leadership.
Powell says Fed might accelerate pullback in economic support
Chairman Jerome Powell said Tuesday that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation. His remarks quickly accelerated losses on Wall Street.
LSU, Kelly agree to 10-year contract worth at least $95M
The hiring of Brian Kelly—who has led Notre Dame for the past 12 seasons and eclipsed Knute Rockne for career victories with the storied Fighting Irish—was formally announced Tuesday in yet another blockbuster coaching move in college football.
November delivers another hit to sinking consumer confidence
Even before the omicron variant appeared, consumer optimism was being tested by price spikes across the board, particularly for gasoline and food.
Onyx+East plans $3.5M townhome project in heart of Fountain Square
The project, called FSX—shortened from “Fountain Square Ten”—is planned for a narrow site at 1003 Prospect St., which currently houses two drive-thru ATMs for PNC Bank. The units each will have a two-car garage and rooftop deck.
Elanco cuts 380 positions, including about 20% of senior management
Elanco said the cuts, which include three executive vice presidents, were an effort in “streamlining and simplifying organizational structure,” and were intended to increase productivity and reduce organizational complexity.
