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Economists: Quick rebound from recession is unlikely

April 29, 2020 | Associated Press

Among the concerns is that people—employees and consumers alike—will remain too wary of contracting the coronavirus to return to anything resembling normal economic behavior.

Marion County to begin COVID-19 testing Thursday aimed at minority populations

April 29, 2020 | Samm Quinn

Tests will be administered from 10 a.m. to 6 p.m. Thursday and Friday at Eastern Star Church’s main campus at 5750 E. 30th St. to address the disparities in the impact of COVID-19 among African Americans and other high-risk populations.

SBA temporarily stops taking PPP applications from big banks to focus until midnight on smallest lenders

April 29, 2020 | Susan Orr

For an eight-hour period that began at 4 p.m. Wednesday, the PPP loan application portal is being reserved only for the nation’s smallest lenders: those with assets of less than $1 billion.

U.S. stocks rally on hopes for coronavirus drug

April 29, 2020 | Bloomberg News

The Nasdaq composite index rose to within 1% of erasing losses for the year, led by Alphabet after it reported an ad-sales slowdown that wasn’t as bad as expected.

Indiana hires Virginia company to handle ‘contact tracing’ of COVID-19 patients

April 29, 2020 | John Russell

By outsourcing the job to Virginia-based Maximus Inc., Indiana health officials hope to take the burden off of local health departments for the time-consuming job of contacting all COVID patients and learning who they might have exposed.

Study: Gilead drug proves effective in speeding coronavirus recovery

April 29, 2020 | Associated Press

An experimental drug has proved effective against the new coronavirus in a major study, shortening the time it takes for patients to recover by almost a third on average, U.S. government and company officials announced Wednesday.

Fed signals it will likely hold rates near zero for months

April 29, 2020

Federal Reserve Chairman Jerome Powell suggested that given the depth of the U.S. economic catastrophe, with perhaps 30 million people having lost jobs in the past six weeks, it will “probably will take some time for us to get back to a more normal level of employment and ultimately maximum employment.”

Ex-Brightpoint execs plan IPO to raise $100M for new tech firm

April 29, 2020 | Susan Orr

Novus Capital Corp. formed last month and is seeking to acquire companies “that are at the forefront of high technology.”

Democratic candidate for governor says state should do more to help small businesses

April 29, 2020 | Lindsey Erdody

Woody Myers on Wednesday released a plan that includes establishing a state-funded stimulus program for small businesses, creating a small business recovery task force and launching a “Buy Indiana First” campaign.

Strada survey says millions of Americans are rethinking education plans

April 29, 2020 | Samm Quinn

A new survey released by Indianapolis-based Strada Education Network says an estimated 28 million American adults have canceled their education plans amid the COVID-19 pandemic.

AgriNovus Indiana hires farm equipment CEO, tech vet to lead organization

April 29, 2020 | Anthony Schoettle

AgriNovus Indiana, an agbioscience initiative by the Central Indiana Corporate Partnership, on Wednesday announced it has hired Mitch Frazier as its CEO.

Indiana deaths, testing reach highs in state’s daily COVID-19 report

April 29, 2020

The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 964, up from 901 the previous day—an increase of 63.

Delta suspends Indy-to-Paris flight until at least next year amid pandemic

April 29, 2020 | Samm Quinn

During its recent first quarter financial results call, Delta Air Lines announced reductions of 80% in U.S. domestic capacity and 90% international capacity.

Loss of Ruoff ticket tax will hit Noblesville’s budget

April 29, 2020 | Kurt Christian

The city counts on a portion of the music center’s sales to pay off debt it assumed to improve roads and sewers adjacent to the facility.

Anthem, other insurers stick to 2020 outlooks as COVID-19 pandemic spreads

April 29, 2020 | Associated Press

Anthem Inc. and Humana Inc. became on Wednesday the latest health insurers to stick with their 2020 earnings forecasts, even as the COVID-19 pandemic forces companies in many other sectors to abandon outlooks.

NCAA board supports name, image, likeness compensation

April 29, 2020 | Associated Press

The Indianapolis-based NCAA is moving forward with a plan to allow college athletes to earn money for endorsements and a host of other activities involving personal appearances and social media.

NCAA HQ

U.S. economy shrank at 4.8% rate last quarter as virus struck

April 29, 2020 | Associated Press

It was the sharpest fall since the economy shrank at an 8.4% annual rate in the fourth quarter of 2008 in the depths of the Great Recession.

Quarantined actors, empty seats, fever checks might be part of return to live performances

April 28, 2020 | The Washington Post

Even as a few states began reopening some businesses this week, it remains unclear how long it will be before health experts declare it safe to cram ticket-buyers into sweaty arenas, concert halls or even performances of Shakespeare in the park.

Indiana-based public firm Escalade returns pandemic rescue loan

April 28, 2020 | Susan Orr

The sporting and recreational equipment manufacturer said it repaid its loan to comply with a rule change in the Paycheck Protection Program.

Fat Atom Marketing’s demise hastened by lean pandemic budgets

April 28, 2020 | Kurt Christian

Carmel-based Fat Atom Marketing has gone out of business, citing the health crisis as the final straw. Marketing industry experts predict there will be a big increase in the number of firms forced to close due to the impact of the coronavirus.

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