Far out: NASA unveils first image from new $10B telescope
The first image from the $10 billion James Webb Space Telescope is the farthest humanity has ever seen in both time and distance, closer to the dawn of time and the edge of the universe.
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Lebanon City Council approves annexation of property for high-tech development
| Daniel Bradley and Mickey Shuey
Nearly three dozen individuals and companies who own more than 1,400 acres over 56 parcels submitted petitions last month to have their properties added to the city of Lebanon.
Investigation: State lotteries transfer wealth out of needy communities
A nationwide investigation of state lotteries by the Howard Center for Investigative Journalism at the University of Maryland found that lottery retailers are disproportionately clustered in lower-income communities in nearly every state.
Biden administration: Docs must offer abortion if mom’s life at risk
The Biden administration on Monday said federal law on emergency treatment guidelines preempts state laws in jurisdictions that now ban the procedure without any exceptions.
Biden officials push to offer second booster shots to all adults
Virus levels have risen across the country, fueled by ever-more-contagious omicron subvariants such as BA. 5 that evade some immune protections and have increased the risk of reinfections.
In leaked memo, Facebook tells managers low performers don’t belong
Facebook is instructing its engineering managers to identify and weed out their lowest performing employees as the company seeks to rein in costs amid an economic downturn in the long-booming tech industry.
Court rules antitrust complaint against IU Health can proceed
A Bloomington surgeon alleging Indiana University Health violated federal antitrust laws by acquiring local competitors has convinced the 7th Circuit Court of Appeals to reinstate his complaint.
Lilly overtakes larger rival Pfizer in market cap as shares continue to soar
Like a kite that has caught a stiff breeze, Eli Lilly and Co. stock is having the ride of its life. Shares in the Indianapolis-based drugmaker have soared 41% in the past 52 weeks, to about $331 each.
Looming Musk-Twitter legal battle hammers company shares
Shares of Twitter slid more than 9% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.
Fed’s Bullard: Solid U.S. economy can handle rising rates
St. Louis Federal Reserve President James Bullard said he currently supports a 0.75 percentage point increase in the Fed’s benchmark short-term interest rate at its next meeting later this month.
Recount begins for ultra-close House District 32 Republican primary
In the May 3 primary, Fred Glynn of Carmel received 1,844 votes to 1,838 votes for Suzie Jaworowski of Fishers.
Despite forewarning, GOP lawmakers unprepared to roll out abortion legislation
Dozens of Republicans who back pro-life issues refused to comment on a possible Indiana abortion ban, leaving a key Right to Life attorney’s proposal as the primary discussion point in the Indiana General Assembly.
Indiana’s teacher shortage has some schools scrambling
To help cope with the shortage of candidates, school districts are relying more heavily on emergency permits, which are temporary credentials that allow people who aren’t licensed to teach a certain subject.
Drugmaker seeks FDA approval for over-the-counter birth control
For the first time, a pharmaceutical company has asked for permission to sell a birth control pill over the counter in the United States.
IBJ Podcast: Pete the Planner says the best thing to do now is ‘stop spending money’
IBJ Podcast host Mason King calls on frequent guest Peter Dunn—aka Pete The Planner—to give listeners a pep talk, or at least some straight talk about what’s happening and what to expect. He hits the major topics from inflation to recession, as well as the strategies for riding out the latest fiscal downturn such as gas-tax holidays and Fed rate increases.
Twitter prepares to take its fight against Elon Musk to the courts
The company is likely to face a lengthy courtroom battle with one of the world’s richest and most mercurial individuals, which could paralyze its ability to launch new initiatives and attract workers.
Crypto plunge is cautionary tale for public pension funds
The recent crypto meltdown has prompted a larger question: For pension funds that ensure teachers, firefighters, police and other public workers receive benefits in retirement after public service, is any amount of crypto investment too risky?
Report: Uber lobbied, used ‘stealth’ tech to block scrutiny
As Uber aggressively pushed into markets around the world, the ride-sharing service used a “kill switch” to thwart regulators and law enforcement, and channeled money through Bermuda and other tax havens, according to a report released Sunday.
Latest variant driving new wave of coronavirus infections
Officials warn of a possible fall or winter wave—perhaps as many as 100 million infections in the United States—that could again flood hospitals with COVID patients.
Letters: $20M subsidy in Carmel part of larger problem
Daniel Bradley’s thorough recap of Carmel’s redevelopment overreach [Residents of longtime Carmel neighborhood oppose $133M project, June 3] demonstrates once more how arrogant the city administration has become.