Biden cracks down on loophole that enables tariff-free imports by Temu, Shein
Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.
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Indianapolis-based High Alpha leads $8.9M investment in retail-tech startup
The company’s founder and CEO, Arthur Root, started Nostra AI while he was a student at Indiana University.
Braun, Young join effort to protect farmland from foreign adversaries
The legislation would add the U.S. Secretary of Agriculture to the Committee on Foreign Investment in the United States, which can recommend that the president block or suspend any transactions with a worrisome impact on national security.
Lawsuit accuses Cummins of stealing trade secrets
California-based tech company C3.ai, which accuses Cummins of “brazen misappropriations of trade secrets and breach of contract,” said it plans to seek damages estimated at between $500 million and $1 billion.
Lennar planning two southeast-side subdivisions with 355 homes
The Franklin Township projects, Eagle Creek and Crescent Ridge, will collectively occupy nearly 200 acres.
Biden administration releases plans for new minimum tax on large companies
The new federal tax guidelines arrive in the midst of a grueling election season, the outcome of which will shape a looming partisan battle in Washington over a set of soon-expiring tax cuts adopted in 2017 under President Donald Trump.
Ferrucci signs multi-year extension with resurgent Foyt IndyCar team
The deal with Santino Ferrucci was described as a multi-year extension and announced ahead of Sunday’s season-ending IndyCar race in Nashville.
Hogsett says he has ‘no intention of stepping down’
Despite concerns over the Indianapolis mayor’s response to sex harassment allegations against his former chief of staff, Joe Hogsett said he has no plans to resign and believes he reacted appropriately to the allegations at the time they were lodged.
Iconic bass player Marcus Miller to bring ‘whole picture’ to Indy Jazz Fest
In addition to songwriting credits with Miles Davis, Luther Vandross and David Sanborn, Marcus Miller was a musical mentor to Wayman Tisdale.
IndyCar signs extension with tire supplier Firestone
The deal between Penske Entertainment, which owns the racing series, and Firestone’s parent company, Nashville-based Bridgestone Americas, extends a partnership that has been in place for 25 years.
Student loan servicer Navient reaches $120 million settlement
The settlement stems from a 2017 lawsuit brought by the bureau that casts Navient as a company that was far more concerned with its financial interests than the needs of vulnerable student loan borrowers.
OneAmerica to sell retirement plan business in deal worth up to $210M
Indianapolis-based OneAmerica Financial Inc.—the city’s largest private company—has agreed to sell its full-service retirement plan business to New York City-based Voya Financial Inc., the companies announced Wednesday.
UAW’s rift with Stellantis raises fear that some auto jobs could vanish
Anxious and angry about Stellantis’ delay, union leaders have threatened to strike, a move that could extend beyond Stellantis. Labor experts say its two Detroit-area rivals, Ford and General Motors, are watching as they weigh their own strategies
Jennifer McCormick releases plan for legalizing marijuana in Indiana
Regulated medical marijuana would be made available initially under McCormick’s plan and, eventually, recreational adult use would be legalized.
This year’s Home-A-Rama features high-end dwellings at Promontory of Zionsville
This year’s Home-A-Rama Home Show, which gets underway Thursday in the Promontory of Zionsville neighborhood, features five high-end dwellings from five different builders.
Lilly to make $1.8B investment in two Ireland manufacturing facilities
The expansion projects will boost production of medicines for Alzheimer’s disease, diabetes and obesity.
Indiana counting on more data to help bring down chronic absenteeism
Student attendance has improved incrementally since 2022, but Indiana officials hope more data can help schools identify students with attendance issues and intervene sooner.
Campbell Soup latest big brand to condense its name
The 155-year-old food seller, which is most famous for its namesake canned soups, says it would now like to be known as Campbell’s Co.
Valparaiso University selling Georgia O’Keeffe painting to spruce up dorms
“Rust Red Hills” by the famed modernist painter is estimated to be worth as much as $15 million.
