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The strain of isolation: Shift to telecommuting amplifies stressors

March 27, 2020 | Kurt Christian

Hoosier company leaders are now warding off increased feelings of isolation, anxiety, burnout and depression with virtual water coolers and doughnut deliveries.

Washington, D.C., on track to deliver $2.2T rescue bill Friday

March 27, 2020

The House is set to pass the sprawling, $2.2 trillion measure Friday morning after an extraordinary 96-0 Senate vote late Wednesday. President Donald Trump marveled at the unanimity Thursday and is eager to sign the package into law.

Coronavirus deals one-two financial punch to state budgets

March 27, 2020

Cris Johnston, director of the Indiana Office of Management and Budget, said Thursday that the state has begun to use some of its $2.3 billion reserve fund. Indiana is far from alone.

New Indy 500 date could come just when tourism industry needs it most

March 27, 2020 | Mickey Shuey

The race—rescheduled for Aug. 23—is on an otherwise open weekend in the city’s summer event calendar, which could fill hotel rooms at a time they would otherwise have been empty.

Karuna Therapeutics, led by former Lilly research leader, opens Carmel office

March 27, 2020 | Kurt Christian

Karuna Therapeutics Inc., a publicly traded biopharmaceutical company, is developing a potential blockbuster treatment for schizophrenia that got its start at Eli Lilly and Co. decades ago.

Pharmacists say doctors hoarding unproven coronavirus medicine, creating shortages

March 26, 2020 | Topher Sanders, David Armstrong and Ava Kofman, ProPublica and IBJ Staff

The Indiana Pharmacists Association is among groups nationally that say pharmacists are reporting medication hoarding, inappropriate prescribing and limited prescriber availability of two drugs touted as possible treatments for COVID-19.

U.S. has 1.5M expired N95 masks sitting in Indianapolis warehouse

March 26, 2020 | The Washington Post

Although past their expiration date, the respirators are considered usable and fully capable. Federal officials have decided to offer them to the Transportation Security Administration, despite urgent need at hard-hit hospitals around the country.

IndyGo to cut schedule, eliminate fares due to coronavirus

March 26, 2020 | Susan Orr

IndyGo says it’s cutting service because ridership has dropped as businesses have shut down or asked employees to work from home.

rop-indygo-011218-450bp.jpg

Greenfield auto parts plant lays off 336 employees in temporary closure

March 26, 2020

BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.

Eight residents of Franklin nursing home hospitalized after positive COVID-19 tests

March 26, 2020 | John Russell

Officials at Otterbein Franklin SeniorLife Community say a nurse and therapist also tested positive and are recovering at home.

Stocks soar after Senate passes $2 trillion stimulus bill

March 26, 2020 | The Washington Post

A dismal unemployment report failed to pop Wall Street’s buoyant mood on Thursday, with stocks running to their third straight day of gains following the federal government’s pledge to shower trillions of dollars on U.S. citizens and commerce.

WNBA to hold college draft as planned in April, virtually

March 26, 2020 | The Washington Post

The regular season isn’t set to begin until May 15, so the pandemic has not affected daily operations as much as other professional leagues. The WNBA, however, has been evaluating its schedule, with training camps slated to begin April 26.

UPDATE: Ford, Fiat Chrysler, Honda, Toyota seek to restart factories

March 26, 2020 | Associated Press

The plants would reopen in early or mid-April, restoring the largest source of cash for automakers that generally book revenue when they ship vehicles to dealerships.

NCAA slashes distribution to member schools by $375 million

March 26, 2020 | Associated Press

The organization had been scheduled to distribute $600 million to more than 300 Division I schools from April to June.

NCAA HQ

MIKE LOPRESTI: Let’s revisit the undefeated of high school hoops

March 26, 2020

The short list of unbeaten champions could have grown by one this year.

Indy 500 moved to Aug. 23; Grand Prix becomes doubleheader with NASCAR race

March 26, 2020 | IBJ Staff and Associated Press

In addition, the GMR Grand Prix—typically run as part of May’s Indy 500 festivities—will move to July 4 on the IMS road course and be conducted in conjunction with the Brickyard 400.

developer town 500px

Stocks rise sharply again, could be heading for 3-day rally

March 26, 2020

The S&P 500 was up 4.6%, continuing a rally that has vaulted the index 16% higher since Monday on rising expectations that Congress will soon approve an unprecedented rescue package for the economy.

Small businesses fear delays in $350 billion rescue program

March 26, 2020 | Bloomberg News

Getting the $350 billion in loans for small businesses in the record U.S. stimulus package into business owners’ hands before a wave of closures will strain the nation’s network of lenders and regulators as never before.

Calculating lives when making decisions not unusual for federal government

March 26, 2020

For decades, the federal government has made calculations on how policies intended to safeguard American health could impact the economy. Now, the push-pull of when to re-open the economy during the coronavirus crisis centers on a similarly bleak decision.

Powell says Federal Reserve will provide nearly unlimited lending

March 26, 2020 | Associated Press

Federal Reserve Chairman Jerome Powell said the Fed was “not going to run out of ammunition” when it came to helping the economy recover quickly once the threat from the virus has passed.

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