IEDC planning second Global Economic Summit
Happy with the results from its first-ever Global Economic Summit in May 2022, the Indiana Economic Development Corp. has lined up dates for a second one.
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UPDATE: Colts’ Rodgers, Berry suspended indefinitely for violating NFL gambling policy
Isaiah Rodgers and Rashod Berry won’t be able to seek reinstatement until the 2023 season ends.
Supreme Court strengthens protections for religious rights at work
The Supreme Court sided in part with a Sabbath-observant mail carrier who quit the U.S. Postal Service after he was forced to deliver packages on Sundays.
Central U.S. getting worst of drought, stressing corn crops, lowering rivers
Experts say the drought in the central U.S. is the worst since at least 2012, and in some areas, is drawing comparisons to the 1988 drought that devastated corn, wheat and soybean crops.
Applications for jobless benefits in the U.S. retreat after three weeks of elevated claims
U.S. employers added a surprising 339,000 jobs last month, well above expectations, painting a mostly encouraging picture of the job market.
Federal Reserve might tighten financial rules due to bank failures, Powell says
Such proposals are likely to face resistance from the banking industry and some congressional Republicans, who argue that the Fed had the necessary tools to prevent the bank collapses but failed to use them.
First-quarter U.S. economic growth revised up sharply
Despite the big increase, the government’s third and final report on January-March economic growth still marked a deceleration from the 2.6% annual rate from October through December and the 3.2% growth from July through September.
Eli Lilly to acquire Massachusetts-based biotech for $309M
The Indianapolis-based drugmaker said it will acquire Sigilon Therapeutics Inc., a six-year-old startup that is developing a technology to help type 1 diabetes patients restore insulin production over sustained periods.
Supreme Court strikes down affirmative action in college admissions
The decision will force institutions of higher education to look for new ways to achieve diverse student bodies.
Northern Hamilton County Chamber names executive director
Tonya Hyatt, a Purdue University graduate, most recently worked as operations coordinator for community growth at Muncie-based software company Accutech Systems Corp.
Upland Brewing to open taproom at Clay Terrace in Carmel
The planned 5,300-square-foot Upland taproom plans to serve a rotating beer and seasonal food menu.
Subaru planning distribution facility at 1.1M-square-foot warehouse in Zionsville
Plans call for the the warehouse, called Park 267, to be built on a 76-acre site. About 130 employees would work at the facility.
‘Hoopfest’ park, many exhibits to highlight basketball theme at Indiana State Fair
Contests on a full-sized court, basketball-themed movies and exhibits focused on iconic players and visual art will serve as a prelude to the 2024 NBA All-Star Game in Indianapolis.
Largest U.S. banks would survive severe recession, Fed’s ‘stress tests’ show
The Fed’s report issued Wednesday did show some relative weakness among the midsize banks and “super regional” banks, with some getting a passing grade with a smaller cushion than usual. Those results could raise eyebrows among investors and policymakers.
Hogsett releases first campaign ad in mayoral race against Shreve
Indianapolis Mayor Joe Hogsett’s 30-second video ad focuses on the Indianapolis Metropolitan Police Department. Opponent Jefferson Shreve has not yet advertised during the general election cycle, but will within the next week, his campaign told IBJ.
Indiana attorney general part of $2.5B Medicaid fraud action
Indiana Attorney General Todd Rokita’s office, through its Medicaid Fraud Control Unit, joined more than a dozen states and the federal government Wednesday in a nationwide enforcement action against 78 individuals charged with Medicaid fraud.
Congressional Budget Office: U.S. debt to soar over next 30 years
The nonpartisan agency estimates in its latest 30-year outlook, released Wednesday, that publicly held debt will be equal to a record 181% of American economic activity by 2053.
Broad Ripple businesses to close earlier in wake of fatal shootings
The Broad Ripple Village Association said the village’s late-night business owners met Wednesday and “agreed unanimously, that effective immediately, all bars and restaurants will shut their doors at 1 a.m. every day until further notice.”
Letters: Downtown needs updated approach
A deliberately organized mission-driven business approach is needed.
Heath Outdoor owners plan brewery and distillery near Box Factory
Heath Outdoor is billing their new-look campus, which includes Digs Garden Center, as The Yard at North Mass.
