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Lawmakers call on SEC to assess Shein supply chain before IPO

May 1, 2023 | Associated Press

A bipartisan group of two dozen lawmakers is asking the SEC to put the brakes on an initial public offering by Chinese fast-fashion retailer Shein—which has major operations near Indianapolis—until it verifies it does not use forced labor.

FDIC recommends raising insured deposit limit for businesses

May 1, 2023 | Associated Press

U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal.

Holcomb signs birth-control, voter-ID legislation

May 1, 2023 | Associated Press

Gov. Eric Holcomb signed 68 bills on Monday, including a GOP-backed proposal requiring voters to submit more identification information to obtain mail-in ballots.

Indiana Statehouse

Report: Central Indiana among top 10 worst places in U.S. for particle pollution

May 1, 2023 | Violet Comber-Wilen, WFYI

This year’s report also showed Indianapolis ranked as the 65th most polluted city for ozone pollution, which is an improvement from 48th in last year’s report.

U.S. Supreme Court declines to take up Indiana’s abortion burial law

May 1, 2023 | Associated Press

An Indiana law that requires abortion clinics to either bury or cremate fetal remains will remain in effect after the U.S. Supreme Court has declined to consider a lawsuit challenging it.

Manchester University names new president

May 1, 2023 | Alex Brown, Inside INdiana Business

Stacy Young, a 1996 graduate of Manchester University, will become the school’s 16th president on July 1. She currently serves as president of Montcalm Community College in Sidney, Michigan.

Department of Child Services director stepping down; successor named

May 1, 2023 | Alex Brown, Inside INdiana Business

Terry Stigdon plans to step down at the end of the week, the governor announced Monday. Under Stigdon’s leadership, the number of children in foster care has decreased by more than half since 2017.

2023 Life Sciences Power Breakfast

Early voting up from four years ago in primary elections

May 1, 2023 | Taylor Wooten

Marion and Hamilton counties are both seeing more voters ahead of the primary election than they did in 2019, when the last mayoral primary elections took place.

Fed set to raise rates yet again. What comes next is unclear.

May 1, 2023 | Associated Press

Another quarter-point rate increase on Wednesday would leave the Fed’s key rate at 5.1%—a 16-year high and a full 5 percentage points higher than in March 2022.

Workers’ well-being tops agenda at annual shareholder meetings

May 1, 2023 | Bloomberg News

From Amazon.com to Walmart, investors have filed more than 140 shareholder resolutions this year, pressing companies to address employee-related issues ranging from paid leave and health and safety to abortion access, benefits and labor rights.

Libertarian Donald Rainwater announces 2024 gubernatorial run

May 1, 2023 | Whitney Downard, Indiana Capital Chronicle

Rainwater netted a historic percentage of the vote in the 2020 gubernatorial election as a third-party candidate.

Aerosmith’s farewell tour includes stop in Indianapolis

May 1, 2023 | Associated Press

The 40-date run of shows includes a stop at Gainbridge Fieldhouse in October with special guests The Black Crowes.

The big wins—and some losses—of Indiana’s 2023 legislative session

May 1, 2023 | Casey Smith, Indiana Capital Chronicle and Whitney Downard, Indiana Capital Chronicle and Leslie Bonilla Muñiz, Indiana Capital Chronicle

Of the 1,154 bills filed, Indiana lawmakers approved 252 of those in the 2023 legislative session, with many still waiting for a final signature from the governor. Here’s a recap.

First Republic Bank seized, sold to JPMorgan Chase

May 1, 2023 | Associated Press

Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.

IBJ Podcast: Pete the Planner on death, divorce and other edgy questions in personal finance

May 1, 2023

In this 250th episode of the IBJ Podcast, Peter “Pete the Planner” Dunn answers some of the most sensitive questions in personal finance.

Peter Dunn - Pete the Planner - 600 px

Shortages of prescription drugs growing in United States

April 30, 2023 | Associated Press

There were 301 active national drug shortages through this year’s first quarter, according to the University of Utah Drug Information Service. That’s 49% higher than the 202 recorded in the first three months of 2018.

Taylor University announces $20M gift, largest in school history

April 30, 2023 | Wes Mills, Inside INdiana Business

Citing data from Indiana University Lilly Family School of Philanthropy, Taylor said the $20 million gift is the largest ever received by a Christian college or university in the state.

What GOP’s plan for Medicaid work requirements would mean

April 29, 2023 | Associated Press

More than a half million of the poorest Americans could be left without health insurance under legislation passed by House Republicans that would require people to work in exchange for health care coverage through Medicaid.

New instant payment network could help smaller banks compete with the big guys

April 28, 2023 | Susan Orr

With help from a national pilot group that includes three Indiana-based banks, the Federal Reserve will soon launch the service, called FedNow.

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Taylor Wooten

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Daniel Bradley
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