Big Ten’s cardiac registry aims to study effects of COVID-19
Myocarditis, an inflammation of the heart, was among concerns cited by the Big Ten in August when it planned to postpone football until spring.
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City announces plan for remaining $76M in pandemic relief funds
In a plan approved Wednesday by the City-County Council, Indianapolis will appropriate its remaining federal Coronavirus Relief Funds to various public health, social services, economic and government-related investments.
NCAA basketball season set to open day before Thanksgiving
The Division I Council voted Wednesday to delay the start date from the originally scheduled Nov. 10 as one of several precautions against the spread of coronavirus.
Indiana to begin next round of local road grants after pandemic-related pause
The state’s Community Crossings grant program has awarded more than $730 million to projects in all 92 counties over the past four years.
Report finds global economic outlook not as bad as expected
The Organization for Economic Cooperation and Development also upgraded its forecast for the U.S. economy, anticipating a contraction of 3.8% this year instead of a plunge of 7.3% forecast previously.
Federal Reserve sees rates near zero at least through 2023
Federal Reserve Chairman Jerome Powell said the economic outlook still remains highly uncertain and depends heavily on the ability of the U.S. to get control of the pandemic.
Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
IndyCar headed to Nashville for urban street course event
The new race will be part of a three-day festival of sound and speed that organizers hope rivals the storied Long Beach Grand Prix.
Council imposes penalties on vendors that don’t meet minority-contracting goals
The changes would allow officials to withhold payments from vendors, terminate their contracts or ban them from future city contracts if they don’t comply with the program.
UPDATE: Health officials reduce Indy Eleven capacity to 2,500 following IBJ story
The county health department said it was reducing the soccer team’s capacity at Lucas Oil Stadium to match what will be allowed at this weekend’s Colts game.
Indiana reports lowest number of COVID-19 cases since Sept. 8
The state on Wednesday also reported 12 new deaths from COVID-19, raising the cumulative total to 3,247. The department has reported 75 new deaths over the past week, compared with 67 the previous week.
U.S. outlines sweeping plan to provide free COVID-19 vaccines
In a report to Congress and an accompanying “playbook” for states and localities, federal health agencies and the Defense Department sketched out complex plans for a vaccination campaign to begin gradually in January or even later this year.
City’s corporation counsel leaves administration for private sector gig
Anne Mullin O’Connor will become corporation counsel for the city of Indianapolis at the end of the month, replacing Donald Morgan, who has worked for the city since 2016.
Study hints Lilly antibody drug might cut COVID-19 hospitalizations
Wednesday’s results come from 450 people in a mid-stage study testing an antibody jointly developed by Lilly and the Canadian company AbCellera in people with COVID-19 symptoms not severe enough to warrant hospitalization.
European medical firm enters U.S. via Noblesville
Luxembourg-based B Medical Systems is investing over $1 million this year to launch its first U.S.-based sales office and warehouse in Noblesville. The medical refrigerator and freezer manufacturer expects to create 15 to 20 new jobs there by 2021.
UPDATE: Big Ten aims for late-October start to football, but without spectators
All 14 teams are expected to play eight regular-season games in eight weeks, plus have an opportunity to play a ninth game, possibly on Dec. 19, with a conference championship game in Indianapolis—if all goes well.
FedEx’s profit explodes as residential deliveries soar
Raj Subramaniam, president and chief operating officer at FedEx, said the company achieved “the growth that we expected to see over a period of three to five years … in a period of three to five months.”
Senators debate antitrust exemption for NCAA over athlete pay
The NCAA is working to change its rules restricting athletes from earning money for things such as endorsements, in-person appearances and social media posts.
Former ITT Tech students in Indiana to get $10M in debt relief
More than 1,300 students who were enrolled at now-closed ITT Technical Institute campuses in Indiana are eligible for student loan forgiveness as part of a $330 million national settlement affecting as many as 35,000 former ITT students.
Google exec put on hot seat in Congress over advertising power
The Justice Department is reportedly readying a major case accusing Google of abusing its dominance in online search and advertising to stifle competition and boost its profits.