State tax cut for overtime, tips clears Senate; House sends other tax breaks to Braun
The Senate plan is expected to reduce state tax revenue by about $250 million and apply to 2026 income on tax returns filed in 2027.
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Indy Chamber endorses controversial Decatur Township data center proposal
The business organization said it supports “the responsible development of data centers” across central Indiana.
Central Indiana existing-home market closes 2025 with strong December
Sales of existing homes in central Indiana jumped last month, helping the market finish 2025 on an overall positive note.
Tesla made smallest annual profit since pandemic, plans to spend big on robotaxis and robots
CEO Elon Musk has been urging investors to focus less on car sales and more on what he considers a bright new artificial intelligence future of robotaxis.
Layoffs by big employers are piling up, heightening worker anxiety
Hiring has stagnated overall in the U.S., and tens of thousands of employees at a growing list of major firms are losing their jobs.
EPA plan would begin rolling back rule on downwind pollution from smokestacks
The Supreme Court ruled in 2024 that the EPA could not enforce the rule, which is intended to block coal-fired power plants and other industrial sites from adding significantly to air pollution across state lines.
Council committee shies away from moratorium as it weighs data center regulations
The Indianapolis City-County Council Environmental Sustainability Committee met Wednesday evening for the sole purpose of discussing data center development in Indianapolis
Senate passes Chicago Bears stadium bill in show of support for NFL team
Senate Bill 27 would establish the Northwest Indiana Stadium Authority to issue bonds, acquire land, finance capital improvements and enter into leases with private entities.
Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates
The central bank said there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.”
Amazon cuts about 16,000 corporate jobs in latest round of layoffs
The tech giant has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that swelled during the pandemic.
Trump endorses 2 more Republican challengers over Indiana redistricting votes
In social media posts Tuesday night, President Trump threw his support behind primary challengers to Sens. Greg Goode of Terre Haute and Spencer Deery of West Lafayette.
WIBC accused of sidelining on-air personality Rob Kendall in contract stalemate
St. Louis-based attorney Jay Kanzler says popular conservative on-air personality Rob Kendall has worked without a contract since October.
Lilly signs $1.12B deal with Germany-based firm to develop hearing loss treatments
The agreement with Seamless is the latest in a series of purchases and partnerships Lilly has established to build a pipeline of genetic medicines.
Senate greenlights bill to help Carmel build new hotel, conference center complex
State senators passed a measure to help Carmel fund a new hotel and conference center by rearranging collections from the Hamilton County Innkeepers’ tax.
UPDATE: Elevance shares wobble on Trump administration plans, lower projections
| IBJ Staff and Bloomberg News and Associated Press
In a call with shareholders Wednesday, Elevance CEO Gail Boudreaux said the Trump administration’s plan to limit federal payments to Medicare Advantage “doesn’t keep pace with the current medical cost and utilization trends.”
Mayor Joe Hogsett appoints 27-year veteran as Indy’s first female police chief
She replaces outgoing Chief Chris Bailey, who announced earlier this month that he would leave the role to become Hogsett’s chief deputy mayor.
Purdue launching center for AI and robotics in medicine in Indianapolis
The Center for AI and Robotic Excellence in Medicine in part seeks to grow knowledge of AI and its uses in medicine and to identify solutions to military and frontier care challenges.
Indianapolis to host World Food Championships event for third time
Indianapolis will host an event billed as the “world’s largest food sport competition” for the third consecutive year.
UPS looks to cut up to 30,000 jobs this year
Last year, UPS started on a plan to reduce dependency on its largest customer, Amazon, and focus on higher-profit areas such as health care customers.
IU football championship bobbleheads become top sellers
The National Bobblehead Hall of Fame and Museum said this week its Indiana University football championship collection has become the best-selling set in its 12-year history.
