Frontier, 5 other airlines to refund more than $600 million
The largest U.S. airlines, which accounted for the bulk of complaints about refunds, avoided fines, and an official said no other U.S. carriers are being investigated for potential fines.
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Battle over the iPhone app store spills into appeals court
The high-stakes battle involve a setup that generates an estimated $15 billion to $20 billion for Apple every year, which has helped lift its market value to nearly $2.4 trillion.
Appeals court grants injunction against Biden’s student loan forgiveness
The future of President Biden’s student loan forgiveness program remains in doubt after a federal appeals court issued an injunction preventing the government from discharging any debt while it considers a lawsuit to end the policy.
Point Biopharma finds big licensing partner, but stock falls after Q3 loss widens
It was supposed to be a “good-news” day for Indianapolis-based biotech Point Biopharma Global Inc. Instead, the company saw its stock get battered Monday, losing as much as 38% of its value, after it released a pair of announcements.
Business Cares: Corporate Social Responsibility 2022
About Features Corporate Social Responsibility can build your bottom line Your Corporate Social Responsibility strategy is a non-profit’s lifeline Is Corporate Social Responsibility doing enough to save capitalism? ESG investing is as American as apple pie Corporate leaders, familiarize yourself with ESG to stay relevant 5 ESG assumptions that deserve a closer look Welcome to […]
A fake tweet sparked panic at Eli Lilly and may have cost Twitter millions
By Friday morning, Eli Lilly executives had ordered a halt to all Twitter ad campaigns—a potentially serious blow, given that the $330 billion company controls the kind of massive advertising budget that Musk says the company needs to avoid bankruptcy.
State looks for opportunities to reduce overdose deaths
To tamp down on the growing number of opioid overdose deaths, Indiana stakeholders hope to explore ways to intervene earlier by analyzing “touchpoints” between Hoosiers and health care or criminal justice systems.
Roche’s Alzheimer’s drug fails in fresh blow to fraught field
Gantenerumab’s demise is a boost for Indianapolis-based Eli Lilly and Biogen, which are also developing treatments for Alzheimer’s, said Tim Anderson, an analyst at Wolfe Research. Lilly shares were up 1.8% at midday.
U.S. economy headed for slowdown, investment strategist says
Speaking at an IBJ economic forecast event Monday, a Fifth Third Bank economist said the chance of heading into another recession is “literally a toss-up, a coin flip.”
After election, marijuana advocates look to more states
With the addition of Maryland and Missouri, 21 states have legalized recreational marijuana for adults over the past decade—even though it remains illegal under federal law.
Flying home for holidays likely to cost travelers much more this year
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
FTX bankruptcy also endangers founder’s philanthropic pledges
The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the tens of millions of dollars in financial pledges and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement.
MBX Biosciences closes on $115M in drug-development funding
The funding amount is one of the largest in recent years for an Indiana-based science startup.
IBJ Podcast: Could Nashville steal Indy’s conventions-and-events thunder with new stadium?
In this week’s episode, reporter IBJ’s Mickey Shuey tries to gauge the potential impact on Indianapolis of having a tougher competitor for some of the city’s bread-and-butter business.
Online grocery service Green Bean Delivery calling it quits
The 15-year-old Indianapolis-based company founded by organic farmer Matt Ewer and nutritionist Beth Blessing said it would permanently close after this week’s deliveries.
NFL Players Association calls on 6 venues, including Indy’s, to change playing surfaces
The association said the turf at Lucas Oil Stadium and five other venues results in “statistically higher in-game injury rates” involving non-contact and lower-extremity injuries. The NFL disputed the NFLPA’s conclusions.
Rex Early, longtime Indiana conservative political leader, dies at 88
Early, who served in the Indiana House of Representatives in the 1960s, was Republican state chairman from 1991 to 1993 and became well-known around the state for his years as a regular on political TV show “Indiana Week in Review.”
