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FDA advisers consider changing COVID vaccine to target latest omicron strain

June 15, 2023 | Associated Press

COVID-19 vaccines are on track for a big recipe change this fall. Regulators will be making their best guess which strain to include, just like they do every year in setting the recipe for the fall flu vaccine.

Many Hoosiers aren’t making enough to afford rent, report finds

June 15, 2023 | Marissa Meador, Indiana Capital Chronicle

Being able to afford rent, according to the report, means spending no more than 30% of your income on housing. With fair market rent for a two-bedroom home at $988 per month, wages are just not keeping up. 

Corporate 100 2023

IBJ’s Corporate 100 is our annual report on the state’s 50 largest public companies and 50 largest private companies. Corporate 100 also features our list of highest-paid public company executives, as well as Q&As with executives.   Sponsored by:    Sponsored by: Below, check out IBJ’s Indiana 100, our annual report on the state’s 50 […]

Number of Americans filing for jobless claims elevated for second straight week

June 15, 2023 | Associated Press

The four-week moving average of claims, which flattens some of the week-to-week fluctuations, rose to its highest level since November 2021.

Retail sales rise 0.3%, helped by stronger sales at auto dealers

June 15, 2023 | Associated Press

Spending increased at online retailers and at restaurants and bars. Department stores, electronic stores, and furniture stores also posted increases.

Missouri-based Wally’s planning mega travel center off I-65 in Whitestown

June 15, 2023 | Daniel Bradley

Plans call for the business to feature a 45,000-square-foot store with a food court, gift shop, convenience store and restrooms; 80 gas pumps; and 15 to 20 electric vehicle charging stations.

Inside the massive new Walmart fulfillment center in McCordsville

June 15, 2023 | Mickey Shuey

Walmart on Thursday will host a ceremonial grand opening for the 2.2 million-square-foot, three-story facility, which will eventually employ up to 1,000 people.

Fed Chair Powell sees progress on inflation, though not enough

June 14, 2023 | Associated Press

Chair Jerome Powell offered a nuanced view Wednesday of how the Federal Reserve intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target.

Ex-congressman Buyer seeks to avoid prison for insider trading conviction

June 14, 2023 | Associated Press

Former Indiana congressman Steve Buyer of Noblesville was convicted by a jury in Manhattan federal court in March of four securities fraud charges.

Bud Light, top U.S. seller since 2001, loses sales crown after backlash

June 14, 2023 | Associated Press

Mexican lager Modelo Especial overtook Bud Light in U.S. retail dollar sales in the month ending June 3.

Ex-Starbucks manager awarded $25.6M in suit over firing

June 14, 2023 | Associated Press

Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018.

IU, Purdue sign off on realignment that promises growth for both schools in Indianapolis

June 14, 2023 | Peter Blanchard

The votes came 10 months after the two institutions signed a memorandum of understanding in which they agreed to retire the IUPUI name, rebrand the 536-acre campus and operate independently in the state’s capital city. 

Judge hears bid to block Indiana’s ban on gender-transition care for minors

June 14, 2023 | Associated Press

A federal judge in Indianapolis made no immediate ruling after hearing about 90 minutes of arguments from the Indiana attorney general’s office and the American Civil Liberties Union of Indiana, which is seeking a preliminary injunction.

Fed keeps rates unchanged for first time in 15 months, but signals more hikes

June 14, 2023 | Associated Press

The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.

Indiana’s school voucher program grew 20% last year

June 14, 2023 | Casey Smith, Indiana Capital Chronicle

Voucher participation and spending are expected to jump even more this fall after state lawmakers expanded the program to be nearly universal and open to almost all Hoosier families. 

Marijuana, tax reform among interim study committee topics

June 14, 2023 | Whitney Downard, Indiana Capital Chronicle

Other topics include a review of crime trends, traffic fatalities and an analysis of the state’s Medicaid reimbursement rates.

Indiana Statehouse

Purdue football commentator Pete Quinn to retire after 2023 season

June 14, 2023 | Dave Lindquist

Before talking about Purdue football on the radio, Pete Quinn was the starting center for the Boilermakers from 1977 to 1980.

Pete Quinn

Inflationary pressures ease, as producer prices drop 0.3%

June 14, 2023 | Associated Press

On a month-to-month basis, overall producer prices have now dropped three of the last four months.

AI chip race heats up as AMD introduces rival to Nvidia technology

June 14, 2023 | Associated Press

AMD joins a growing list of technology companies trying to take advantage of a broader interest from businesses looking for new AI tools that can analyze data, help make decisions and potentially replace some tasks currently performed by human workers.

Nucor to add $115M manufacturing plant, 200 jobs in Indiana

June 14, 2023 | Alex Brown, Inside INdiana Business

The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.

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Mickey Shuey
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