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IBJ Podcast: Explaining the Indy 500 tumult, Team Penske scandal and firings, and what’s important
Longtime motorsports journalist John Oreovicz joins host Mason King to explain the relevance of the latest Team Penske controversy and the firings of three top executives just days before the Indy 500.
Supreme Court allows Trump to fire independent regulators for now
Since returning to the White House, Trump has fired government watchdogs, members of the boards of independent agencies and rank-and-file federal workers, drawing multiple legal challenges.
Nike to start selling products directly on Amazon again
Nike, which sells footwear, clothing and other items, cut ties with Amazon in 2019, at a time when the online retailer was trying to lure big brands to its website.
Memorial Day travel rush off to early start
Even as politics and the nation’s aging air traffic infrastructure rattle the U.S. travel industry, Americans are expected to get away in record numbers.
Weight-loss drugs may lower cancer risk in people with diabetes, study suggests
The findings were released Thursday by the American Society of Clinical Oncology and will be discussed at its annual meeting.
New-home applications in central Indiana show April surge
After a slow start to the year, central Indiana builders saw filings for new homes jump last month.
IMS Museum plans $18M car restoration, event facility near speedway
The facility will house more than 150 cars from the museum’s collection and will eventually host public tours, events and other programming.
Jim Irsay loved pop culture and tied it to philanthropic gestures big and small
JIm Irsay, who died Wednesday at age 65, rubbed shoulders with John Mellencamp, Stephen Stills and Hunter S. Thompson.
Team Penske focused on moving forward after shock firings following Indy 500 cheating scandal
Driver Will Power said he believes Roger Penske was forced into the firings by the external pressure from other team owners who are furious Team Penske has had major technical violations in two consecutive seasons.
Customer lawsuit against Carmel-based CNO headed for trial
The class-action litigation, in which former CNO customers say they were overcharged for life insurance, is scheduled for trial in June. About $70 million is being sought for the 2,000 or so class members.
Novo to sell Wegovy at $199 a month as copycat availability ends
On Thursday, pharmacies were supposed to stop making the copies of the medications that had become popular during shortages of the brand-name drugs.
Senate votes to block California’s rule banning sale of new gas-powered cars by 2035
California makes up roughly 11% of the U.S. car market, giving it significant power to shape purchasing trends.
Stop making cents: U.S. Mint moves forward with plans to kill the penny
An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production.
Supreme Court tie vote dooms taxpayer-funded Catholic charter school
The outcome keeps in place a court decision that invalidated a vote by a state charter school board to approve the nation’s first religious charter school. But it leaves the issue unresolved nationally.
A wave of new owners brings fresh energy to independent bookselling
In 2016, there were 1,244 members in the American Booksellers Association trade group, at 1,749 locations. As of this month, the ABA has 2,863 individual members, at 3,281 locations.
Developer planning 262-unit apartment complex in Whitestown
Mills on Main would include 10 three-story apartment buildings, six one-story garages, one 3,250-square-foot amenity building and outdoor pickleball courts.
House Republicans pass Trump’s big bill after all-night session
Central to the package is the GOP’s commitment to extending some $4.5 trillion in tax breaks, as well as spending cuts and work requirements for Medicaid and nutrition assistance.
Colts ‘in excellent hands’ with Irsay’s daughters, experts say
Jim Irsay’s three daughters have been all-in on the Indianapolis Colts for years, and it’s expected they’ll each continue to play significant roles in the franchise’s operations following their father’s passing on Wednesday.
