Elanco’s shares slip to all-time low after Moody’s downgrade
Moody’s action pushed Elanco’s credit rating further into “junk bond” territory, an area considered riskier than investment-grade debt.
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Troubled U.S. organ transplant system targeted for overhaul
The government announced plans Wednesday to overhaul the troubled U.S. organ transplant system, including breaking up the monopoly power of the not-for-profit organization that has run it for the past 37 years.
Shackleford releases public safety plan, says Hogsett ‘failed to deliver’
State Rep. Robin Shackleford, a Democratic candidate hoping to unseat incumbent Indianapolis Mayor Joe Hogsett in the party primary May 2, unveiled a public safety plan with more than 30 priorities Wednesday afternoon.
Survey: Americans’ faith in banks low after failures
The underwhelming assessment of America’s banks and bank regulation comes after a series of shocks brought back disturbing memories of the 2008-2009 financial crisis.
Fed raises key rate by quarter-point despite bank turmoil
The Fed warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions” and “weigh on economic activity, hiring and inflation.”
UPDATE: Supreme Court chews on Jack Daniel’s dog toy dispute
The question for the court has to do with whether the manufacturer infringed on Jack Daniel’s trademarks with its bottle-shaped chew toy or whether the product is just a “playful dog-toy parody.”
Purdue lands $20M gift to develop leaders for pharmacy industry
The donation comes from the former CEO of Santa Barbara Specialty Pharmacy, which services California and five nearby states.
Graduation waivers for Indiana students targeted by lawmakers who worry they’re overused
Two bills in the legislature aim to discourage the overuse of waivers that exempt high school students from certain graduation requirements, a move that could ultimately bring down graduation rates for Indiana’s districts.
Bill advancing Indiana’s carbon sequestration projects moves forward
Senate Bill 451 is part of a years-long effort to move forward the construction of carbon capture and sequestration projects, while also giving special privileges to an Indiana company that is preparing to undertake the nation’s largest carbon dioxide storage project.
Shortage of cooking oil looms as biofuels gain global appeal
From the U.S. to Brazil and Indonesia, governments are embracing energy made from plants like soybeans or canola, or even animal fat, to move away from fossil fuels and cut emissions.
Chicken N Pickle entertainment complex coming to Fishers
The Chicken N Pickle in Fishers will feature a casual restaurant, event space, sports bar, pickleball courts, lawn games and rooftop dining.
Indianapolis-based Studio Science acquires RevTech360
Steve Pruden, CEO of design and innovation consulting firm Studio Science, said the acquisition of RevTech360 adds new technical capabilities to Studio Science’s lineup.
E-commerce company Radial opens 2nd Avon fulfillment center
In addition to adding more than 100 jobs at the center, the company has tapped China-based logistics tech firm Geek+ to provide automation and robotics for the facility.
Pence seeks ‘common sense’ Social Security, Medicare reform
As he mulls a 2024 presidential bid, former Vice President Mike Pence on Tuesday called for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden, suggesting changes to Social Security and Medicare programs.
Fed facing blurrier outlook as it meets to weigh rate hike
The Federal Reserve will have to decide whether to extend its year-long streak of rate hikes despite the jitters roiling the financial industry.
College hoops staffs specialize to meet roster, NIL demands
Coaches across college basketball are bolstering support staffs and looking at ways to evolve to deal with recruiting, roster management and athletes who can earn money.
Battery components maker to invest $1.5B in Terre Haute
Oregon-based battery component producer Entek plans to add nearly 650 jobs by the end of 2027.
Leaving for spring break? Travelers have plenty of company this year.
Signs are pointing to a busy—and in some places, potentially record-breaking—spring break travel season as Americans hit beaches, slopes and all spots in between.
Wholesalers battle over bill on mixed beverages like White Claw, Truly
Mixed alcoholic beverages like hard seltzers have exploded in popularity, and wholesalers all want a piece of the pie. Senate Bill 1544 would open sales to all wholesale types—and has already reopened industry squabbles over who gets to sell what.
Cunningham to manage Pacers-owned facility with restaurant, speakeasy, event space
As being developed by Indianapolis-based Cunningham Restaurant Group, the lineup of eateries in the $20 million Commission Row will include an upscale restaurant with steak and seafood, as well as a tavern-style concept with more shareable fare.
