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Service sector expands for 16th straight month
Of the 18 service sectors surveyed, 17 reported growth in September, led by retail trade. The only one that contracted was the agriculture, forestry, hunting and fishing sector.
Ex-Facebook employee says products harm children, fuel division
A former Facebook data scientist testified to the Senate Commerce Subcommittee on Consumer Protection. She is accusing the company of being aware of apparent harm to some teens from Instagram and being dishonest in its public fight against hate and misinformation.
IMF trimming global growth forecast due to rising risks
International Monetary Fund Managing Director Kristalina Georgieva on Tuesday cited rising risks from inflation, debt and a divergence in growth prospects between nations with access to coronavirus vaccines and those in need of shots.
Shimmering hotel, office center planned along downtown’s Canal Walk
Featuring an exterior of clear and light-colored glass, the building would replace the current headquarters of the American College of Sports Medicine while giving the group a new home.
AstraZeneca asks FDA to authorize COVID antibody treatment
The company said Tuesday that the treatment, known as AZD7442, would be the first long-acting antibody combination to receive an emergency authorization for COVID-19 prevention.
J&J seeks U.S. clearance for COVID-19 vaccine booster doses
Johnson & Johnson said it submitted data on several different booster intervals, ranging from two to six months, but it did not formally recommend one to regulators.
Facebook, WhatsApp, Instagram suffer worldwide outage
The impact was major for multitudes of Facebook’s nearly 3 billion users, showing just how much the world has come to rely on it and its properties—to run businesses, connect with online communities, log on to multiple other websites and even order food.
Southwest latest airline to mandate vaccines for workers
Southwest said it has to mandate vaccines because of new rules from the Biden administration requiring companies with federal contracts to have vaccinated staffs.
Fed watchdog to investigate officials’ financial trades
The Federal Reserve’s Office of the Inspector General will investigate “whether trading activity by certain senior officials was in compliance with both the relevant ethics rules and the law,” the Fed said Monday.
Drugmaker Catalent planning to hire up to 600 in Bloomington
Catalent plans to expand production at its Bloomington operations by year’s end amid rising demand for its products, including COVID-19 vaccines.
Indiana governor approves GOP’s redistricting plan
Gov. Eric Holcomb’s signature was the final step in the redistricting for Indiana’s nine congressional seats and 150 seats in the state Legislature.
Statewide hospitalizations from COVID continue to tick down
More than 3.28 million Hoosiers had been fully vaccinated against COVID-19 as of Monday after a weekend increase of 17,710.
Indy-based Exelead Inc. churns out millions of Pfizer vaccine doses, on hiring spree to keep up
Exelead Inc., with headquarters at 6925 Guion Road on the northwest side, said it has manufactured and shipped tens of millions of doses of the Pfizer-BioNTech vaccine in recent months and is expanding its facilities.
Stocks fall on tech slide, as oil hits highest level since 2014
Investors are increasingly worried about inflation as oil prices rise and companies continue facing supply problems that increase their costs and force them to raise prices.
City public safety office awards violence-reduction grants
The Indianapolis Office of Public Health and Safety on Monday announced five new recipients of violence-reduction grants as part of a city program that began in 2018.
Chamber taking entries for ‘Coolest Thing’ manufacturing contest
The contest is open to all businesses, from veteran manufacturers to budding entrepreneurs. To participate, a company does not need to be headquartered in Indiana, but the product it enters must be manufactured in the state.
Indianapolis Public Schools teachers could get 3% raises this year and next
The school board also approved a separate agreement that will award support staff a 2% raise this year. Both agreements are retroactive to July and signal an end to two years of more significant pay increases intended to make up for years of frozen salaries.
