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Senate combines jobless benefits, homebuyer credit

Senate Democrats are working on a new way to jump-start their stalled election-year jobs agenda while saving unemployment benefits for hundreds of thousands of laid-off workers. The plan combines in one bill the unemployment benefits with an extension of a popular tax credit for people who buy new homes.

Company news

Eli Lilly and Co. released a raft of studies Monday about its newest diabetes medicines, Byetta and its
once-weekly cousin Bydureon, which has yet to win market approval from regulators. The upshot of the studies: Patients have
lower blood-sugar levels on Bydureon than those on competing drugs or, if they don’t, they lose more weight on Bydureon.
Also, Lilly and its development partner on Byetta, Amylin Pharmaceuticals Inc., issued a study of 25,000 patients that concluded
the drug causes inflammation of the pancreas no more than other diabetes medicines. In late 2009, the U.S. Food and Drug Administration
publicized and raised concerns over a few patients who died of pancreatitis while on Byetta, but did not conclude the drug
causes pancreatitis. Meanwhile, at least one analyst predicted Indianapolis-based Lilly would acquire San Diego-based Amylin
in the next two or three years.

Good news for orthopedic implant companies: Industry bellwether Biomet Inc. recorded a 10-percent spike
in sales during the three months ended May 31, the Warsaw-based company announced Monday. Its peers, including Warsaw-based
Zimmer Holdings Inc., will report their financial results about a month from now. Biomet enjoyed strong sales growth in its
bread-and-butter hip and knee replacements. Hip sales rose 10 percent and knee sales jumped 15 percent. Sales were boosted
by about 2 percent due to favorable foreign exchange rates compared with a year ago. Sales for the quarter totaled $703 million,
up from $639 million during the same quarter a year ago.

WellPoint Inc. expects the health insurance market to become an “oligopoly,” according to a
presentation by the company’s vice president of investor relations. Michael Kleinman told investors last week in Boston
that the health reform law is moving the industry even more quickly toward dominance by just a few players. “There are
going to be smaller insurers that are not going to be able to survive in this marketplace,” he said. Indianapolis-based
WellPoint already insures 33 million Americans, or about one in nine. The company’s chief financial officer, Wayne DeVeydt,
said previously that he expected to be able to acquire smaller insurers, but not until after health reform fades a bit as
a political issue.

 

People

Katz Sapper & Miller LLP hired Grant D. Byers as a director in its health care resources group. Byers
will lead the Indianapolis accounting firm’s efforts to assist hospitals and multi-provider systems obtain higher reimbursement
from payers and improve their financial performance.

Isaac M. Willett has joined Indianapolis law firm Baker & Daniels LLP’s health care and life sciences
group. Willett, who earned his law degree at Indiana University in Indianapolis, formerly practiced at Indianapolis-based
Bingham McHale LLP.

Dr. Stephen Eric Rubenstein has joined St. Francis Medical Group Oncology & Hematology Specialists.
Rubenstein, who earned his medical degree at Tel Aviv University Ramat Aviv, previously practiced in Fort Lauderdale, Fla.

Dr. David O. Kovacich has been selected as assistant medical director of cardiovascular practices for St
Francis Medical Group.
 

Lilly’s Effient steps forward, then back

A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor,
Plavix,
a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.

Also this week

The Indianapolis Museum of Art screens the Barbara Stanwyck classic “Stella Dallas,” July 2.
Details
here.

Conner Prairie goes patriotic with its annual in-the-period celebrations, “Glorious Fourth,”
July 2-4. Activities include sack racing, Declaration signing, card making for soldiers, barn dancing and more. Details here.

I’ll be hosting an out-of-this-world spelling bee at InConjunction, the annual science fiction and
fantasy convention, July 2-4 at the Indianapolis Marriott East. Details here.

BB King celebrates the Fourth of July at Southern Indiana’s Horseshoe Casino. Details here.

Concerts on the Canal presents Tad Robinson and Indianapolis Municipal Band July 4 outside the Indiana History
Center. Details here.

The President Benjamin Harrison Home hosts its annual July 4th Ice Cream Social. The program includes a
re-enactment of Harrison’s 1888 nomination acceptance speech. Details here.

Vans Warped Tour brings We The Kings, All-American Rejects and more to Verizon Wireless Music Center, July
6. Details here.

Santana and Steve Winwood pair up for a concert at Verizon Wireless Music Center July 7.
Details here.

 

Actors Theatre of Indiana’s “A Grand Night for Singing”

July 7-Aug. 1
Carmel Community Playhouse
Speedway native Bradley Reynolds, recently nominated for a Tony Award as a producer of the Broadway revival of “Ragtime,”
returns to town as a performer. He’s part of the company celebrating the music of Rodgers and Hammerstein in the revue
“A Grand Night for Singing,” being staged by Actors Theatre of Indiana. Details here.

 

Indianapolis Symphony Orchestra’s “Star-spangled Symphony”

July 2-4
Conner Prairie Amphitheatre
There’s enough firepower in those Conner Prairie cannons for a three-day celebration of Independence Day. Alfred Savia
leads the Indianapolis Symphony Orchestra for performances of music from “The Patriot” and “Gettysburg”
and, of course, the “1812 Overture.” Assistance will be provided by Indiana Supreme Court Chief Justice Randall
T. Shepard on the Gettysburg Address, re-enactors from the Indiana Society of the Sons of the American Revolution, a Civil
War honor guard, and the 163rd Field Artillery Unit of the Indiana National Guard. And baritone Daniel Narducci. And fireworks.
Details here.

 

Eric Clapton/Roger Daltrey

July 2
Verizon Wireless Music Center
Two music legends team up on this tour. And, yes, Clapton has been playing “I Shot the Sheriff,” “Wonderful
Tonight,” “Cocaine” and “Layla.” And Daltry has been performing hits by The Who. Details here.
 

Security glitch exposes WellPoint customer data

Indianapolis-based WellPoint Inc. says it notified 470,000 individual insurance customers about an online security breach
that may have exposed medical records, credit card numbers and other sensitive information.

Outside views of ‘100 Acres’

The Indianapolis Museum of Art’s new art and nature park is the rare Indy arts creation attracting national attention.

Indianapolis office vacancy rates still rising

Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate’s latest report, but the market shows signs of stabilizing.

Hoosier Marine dies in Afghanistan

The family of a U.S. Marine and Valparaiso native is mourning after he was killed Friday while on foot patrol in Afghanistan.
Cpl. Daane Adam DeBoer, 24, died after encountering an improvised explosive device during a patrol in Helmand Province, a
longtime Taliban stronghold. His mother, Charlene Zerrenner of Ludington, Mich., says her son died a hero who loved his family
and his country.

Fire crews battle blazes at vacant homes

Firefighters battled a pair of overnight house fires on the near-north side of Indianapolis. The first was near 18th Street
and Massachusetts Avenue—where firefighters also extinguished a blaze over the weekend. Just after that fire started,
firefighters were called to another house less than a mile away on Holloway Avenue just north of I-70. Both houses are thought
to have been vacant. Fire investigators are looking into both incidents to see if arson was likely.

Two die in boating accident

A boy and his grandmother were killed Monday night in a boating accident on the south end of Lake Monroe near Bloomington.
Police say a 23-foot speed boat pulling a wakeboarder collided with a fishing boat carrying a Bedford couple and their three
grandsons. Susan Collier, 51, and Gage Pruitt, 8, died of their injuries. Collier’s husband was treated for leg injuries;
the other children were unharmed. It's still not clear why the ski boat, with 19-year-old Winston Wood at the helm, ran
into the smaller vessel. Police say no one appeared to be drinking. As of this morning, no charges had been filed. Fox59 will
have more at 4 p.m.