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City-County Council committee advances $37M plan to finance jail demolition, building improvements

November 14, 2023 | Taylor Wooten

If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.

City-County Building

U.S. House votes overwhelmingly to prevent government shutdown

November 14, 2023 | Associated Press

New Republican Speaker Mike Johnson was forced to reach across the aisle to Democrats when hard-right conservatives revolted against his plan.

IPS board approves new teacher contract with average 3% raises

November 14, 2023 | Amelia Pak-Harvey, Chalkbeat Indiana

The contract, which Indianapolis Education Association members voted to ratify last month, bumps starting pay in the district from $50,400 to $51,900 in 2023-24, and raises it again in 2024-25.

Advocates say White House slow to act as millions booted off Medicaid

November 14, 2023 | Associated Press

If trends continue, as many as 30 million people could end up being dropped from Medicaid. The numbers dwarf the Biden administration’s initial projections.

2024 Economic Forecast

Carmel sanitizing device maker 3Oe Scientific files for bankruptcy

November 14, 2023 | John Russell

The business makes a hand-sanitizing device called Iggy that kills pathogens with ozone-infused water instead of soap or other chemicals.

2024 Economic Forecast

Andretti’s Formula One effort boosted by GM plan to supply engines

November 14, 2023 | Associated Press

General Motors said Tuesday it has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series.

Indianapolis officials prepare for $751.6M in bond sales for Signia hotel, convention center projects

November 14, 2023 | Mickey Shuey

The all-in cost for the redevelopment of Pan Am Plaza is now expected to be $751.6 million. The bond sales to cover much of that cost—creating significant long-term debt for the city—are expected to take place this week.

State health care panel adopts final report, targets prior authorizations

November 14, 2023 | Whitney Downard, Indiana Capital Chronicle

The interim Health Care Cost Oversight Task Force unanimously agreed on a final report Monday detailing seven recommended legislative proposals for the upcoming session.

Inflation eased in October in latest sign of cooling economy

November 14, 2023 | The Washington Post

The latest monthly report offers a dose of encouragement as the Federal Reserve looks for enough progress to let up on its fight to tame consumer prices and slow the economy.

Five concepts selected for Melon Kitchen accelerator at 16 Tech

November 14, 2023 | Dave Lindquist

The entrepreneurs will receive $5,000 grants and training in business plans, menu preparation, pitching to investors and other subjects.

Melon Kitchen

On second try, Westfield City Council OKs move to second-class city status

November 14, 2023 | Daniel Bradley

The change in status means voters in 2027 will elect a city clerk and two additional city council members—one at-large and another representing a sixth district.

bigpic_westfield_051719_bp450.jpg

Judge grants IPS exemption from state law in sale of two closed school buildings

November 13, 2023 | Amelia Pak-Harvey, Chalkbeat Indiana

Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.

Supreme Court adopting code of ethics, but has no means of enforcement

November 13, 2023 | Associated Press

The policy, agreed to by all nine justices, does not appear to impose any significant new requirements and leaves compliance entirely to each justice.

Stellantis to offer buyout, early retirement packages to 6,400 nonunion salaried workers

November 13, 2023 | Associated Press

The automaker, formed in the 2021 merger of Fiat Chrysler and PSA Peugeot of France, said it is taking the action “to protect our operations and the company.”

Governor shifts oversight of LEAP water study away from IEDC

November 13, 2023 | Peter Blanchard

The move comes as the Indiana Economic Development Corp. faces questions about its plan to tap the Wabash River aquifer and withdraw as much as 100 million gallons per day for an advanced manufacturing district in central Indiana.

Lilly’s proposed $1.4B acquisition of Point Biopharma gets investor pushback

November 13, 2023 | John Russell

Point has a pipeline of clinical and preclinical-stage compounds in development for the treatment of cancer using radiopharmaceutical isotopes that hold the promise of delivering targeted treatments to cancer patients.

Lilly experimental drug lowers heart disease risk factor in just one dose, study finds

November 13, 2023 | Bloomberg News

Lilly’s lepodisiran, given at the highest dose, reduced a heart disease-linked protein to undetectable levels for 48 weeks, according to the study.

Eli Lilly headquarters

Businesses push back on new rule that could make it easier to unionize

November 13, 2023 | Associated Press

Critics say the new rule is an overreach by the labor-friendly Biden administration that undermines independent business owners. Some—including the American Hotel and Lodging Association—have already sued to block it.

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Indy keeps elevating Final Four experience

Mickey Shuey

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Taylor Wooten

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Dave Lindquist
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