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Mark Emmert to step down as NCAA president in ‘mutual agreement’ with board

April 26, 2022 | IBJ Staff and Associated Press

The decision comes at a rocky time for the NCAA, which for decades has controlled college sports. But in recent years, universities, athletics conferences and individual athletes have tried to wrest some of that control away, dragging the NCAA into a series of changes.

rop-emmert-2col.jpg

Lilly Endowment gives $25M grant to expand city trails, greenways

April 26, 2022 | Leslie Bonilla Muñiz

The Central Indiana Community Foundation on Tuesday announced the grant, which is meant to support the six-year-old Connected Communities Initiative collaboration with the city of Indianapolis.

Indiana poet named first Black editor of Poetry magazine

April 26, 2022 | Associated Press

Adrian Matejka, who grew up in Indianapolis, is the Ruth Lilly Professor of Poetry at Indiana University Bloomington.

Administration expanding availability of COVID antiviral pill

April 26, 2022 | Associated Press

Paxlovid, when administered within five days of symptoms appearing, has been proven to bring about a 90% reduction in hospitalizations and deaths among patients most likely to get severe disease.

U.S. consumers still confident, but slightly less so

April 26, 2022 | Associated Press

U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud optimism about the rest of the year.

Home furnishings retailer plans to turn DeHaan estate into giant showroom, restaurant

April 26, 2022 | IBJ Staff

National retailer RH is teaming with a developer to take over Linden House—the 152-acre Indianapolis estate of late businesswoman and philanthropist Christel DeHaan—and turn it into a huge home furnishings showroom, interior design gallery, upscale restaurant, wine bar and outdoor furniture gallery.

White House: Without funding, U.S. will lose out on COVID treatments

April 26, 2022 | Associated Press

Officials are expressing increasing alarm that the U.S. is also losing out on critical opportunities to secure booster doses and new antiviral pills that could help the country maintain its reemerging sense of normalcy.

Record gift to launch new Krannert real estate program at Purdue

April 25, 2022 | Alex Brown, Inside INdiana Business

The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.

White House seeks more power to counter use of drones in U.S.

April 25, 2022 | Associated Press

The White House on Monday released an action plan that calls for expanding the number of agencies that can track and monitor drones flying in their airspace.

UPDATE: Elon Musk buying Twitter for $44B, plans to privatize company

April 25, 2022 | Associated Press

The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to buy and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.

Walmart: Burned fulfillment center where 2,089 worked to remain closed

April 25, 2022 | IBJ Staff

Walmart said 957 of the people employed at the facility have accepted new jobs with the company, while 1,132 “have not accepted alternative positions.”

Indiana life sciences companies landed $15B in funding in 2021

April 25, 2022 | John Russell

The funding included 39 Indiana life-science companies raising $433.5 million last year in venture capital, an increase of almost $200 million compared to 2020, according to a report issued by BioCrossroads.

Report: Simon Property, Brookfield offer to buy Kohl’s for more than $8.6B

April 25, 2022 | Bloomberg News and IBJ Staff

Indianapolis-based Simon and Brookfield, which together bought rival department-store chain J.C. Penney Co. out of bankruptcy, have offered $68 a share for Kohl’s, according to people with knowledge of the talks.

Simon Headquarters

GM to offer electrified Corvette as early as next year

April 25, 2022 | Associated Press

GM has set a goal of building only electric passenger vehicles by 2035. It has pledged to have 30 electric vehicle models for sale globally by 2025.

Reports: Twitter in talks with Musk over acquisition bid

April 25, 2022 | Associated Press

Tesla CEO Elon Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.

Butler names new sciences building Levinson Family Hall after $10M gift

April 25, 2022 | IBJ Staff

Levinson Family Hall, which opened to the public in summer 2021, connects existing science building Gallahue Hall to the Holcomb Building, which previously housed the Andre B. Lacy School of Business.

Butler University

IBJ Podcast: Kevin Lee on broadcasting the Indy 500 and the business of motorsports

April 25, 2022 | IBJ Staff

Lee talked with host Mason King about his broadcasting career, what it takes to prepare to announce an IndyCar race and how managing a racing team has helped him better understand the sport.

Area homebuilders slowed by lot availability, supply-chain issues

April 25, 2022 | IBJ Staff

Single-family building permits have fallen on a year-over-year basis for the past three months and in six of the past eight months.

COVID shots still work, but researchers hunting new improvements

April 24, 2022 | Associated Press

COVID-19 vaccinations are at a critical juncture as companies test whether new approaches like combination shots or nasal drops can keep up with a mutating coronavirus—even though it’s not clear if changes are needed.

Fertility benefits grow as companies fight to land, keep workers

April 24, 2022 | Bloomberg News

Now, at a time when businesses will do just about anything to recruit and retain workers, fertility benefits have gone from novelty to a must-have for many companies.

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