Lebanon needs to find new water source to support more construction, mayor says
Without an additional source, Lebanon cannot currently offer water to companies and developers looking to build in the city who have not already reserved allocations.
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Purdue takes next step to develop $187M mixed-use project for new downtown Indy campus
Purdue officials say the Academic Success Building “will evolve with the needs of experiential education, accommodate courses that would not otherwise be offered with existing space, and provide on-campus housing.”
Led by Caitlin Clark, WNBA sees near-record attendance, record TV ratings
| Associated Press and IBJ Staff
The first month of the WNBA season drew its highest attendance since the league’s second season in 1998 and the best television ratings in its history, the WNBA announced Tuesday.
High Alpha closes on $125M investment fund, downsizes staff
Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.
Butler University lands $2.5M gift to support new two-year college
The gift, announced Tuesday morning, is from Indianapolis philanthropist and Butler University alumna Marianne Glick and her spouse, Mike Woods.
DNC awards $70,000 to Indiana Democratic Party in down-ballot ‘boost’
The Indiana Democratic Party hopes to break GOP supermajorities in the Legislature.
State seeking input on how to implement $182M energy rebate program
The Indiana Office of Energy Development wants to hear from involved stakeholders—especially contractors, property managers, homeowners, renters and other interest groups—about how to craft a plan that is effective in its mission and reach.
Westfield looks to create district for people to take alcoholic beverages outside
The Westfield City Council on Monday night heard an introduction of plans to create a designated outdoor refreshment area, or DORA, in the city’s downtown.
Apple leaps into AI with array of upcoming iPhone features, deal with ChatGPT
Apple has jumped into the race to bring generative artificial intelligence to the masses, spotlighting a slew of features designed to soup up the iPhone, iPad and Mac. And it’s counting on OpenAI to make its often-bumbling virtual assistant Siri smarter and more helpful.
Lilly Alzheimer’s drug that can slow disease gets backing from FDA advisers
If the FDA agrees with the panel’s recommendation, the drug, donanemab, would only be the second Alzheimer’s drug cleared in the U.S. that’s been shown to convincingly slow cognitive decline and memory problems due to Alzheimer’s.
Lilly hopes for positive FDA news on Alzheimer’s drug as stock sets new high
Lilly officials have said they are “incredibly confident” in the drug’s potential and the fact that it “offers very meaningful benefits to people with early symptomatic Alzheimer’s disease.”
Apple expected to enter AI race with ambitions to overtake the early leaders
Apple’s next generation of software is expected to be packed with an array of AI features likely to make its often-bumbling virtual assistant Siri smarter, and make photos, music, texting a more productive and entertaining experience.
Inflation data this week could help determine Fed’s timetable for rate cuts
Chair Jerome Powell is likely to underscore at a news conference Wednesday that the policymakers will need to see several more months of low inflation readings before they would consider reducing their key rate.
Data centers are choosing Indiana. Is the state’s electricity supply ready?
In the five years since lawmakers approved generous financial incentives specific to data centers, eight have located in Indiana. Four announcements have come in the last six months alone.
IEDC seeks to purchase 2,500 more acres in Boone County for LEAP project
The IEDC is asking the state committee to allow it to redirect $88 million that had been approved for a previous project and use it to acquire more land and make infrastructure improvements in the LEAP Lebanon Innovation District.
Moderna’s flu-COVID combo shot hits goal in late-stage trial
The company is one step closer to a more convenient jab that could help combat vaccine fatigue.
IBJ Podcast: Pete the Planner on the best and worst ways to handle a big inheritance
Pete also discusss how much you would need to inherit in order to immediately retire; why putting a down payment on a lake house might not be advisable; and why preventing family squabbles should be a key goal in planning to divide your assets.
Clark confirms she’s not on Olympic team, but it’s still a goal
Based on her inclusion in the U.S. national team pool, Clark could be chosen as an alternate if one of the 12 players is injured and can’t play.
Southern Baptists face fraught issues at annual convention in Indy
Messengers—as voting delegates are known—will vote on whether to establish a constitutional ban on churches with women pastors. They’ll hear a report—and get outside criticism—of their handling of sexual abuse among their clergy.
Reports: Caitlin Clark left off roster for U.S. Olympic team
| IBJ Staff and Associated Press
Taking in account a 30-point outburst on Friday night against the Washington Mystics. Clark has averaged 16.8 points, 6.3 assists, 5.3 rebounds, 1.5 steals and 5.6 turnovers in her first 12 WNBA games.
