Federal court rejects Elon Musk’s claims against OpenAI, saying he filed lawsuit too late
The trial shed light on the bitter falling-out between the two Silicon Valley titans and the beginnings of OpenAI, now a company valued at $852 billion.
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Cardinal Ethanol files lawsuit against its Indianapolis-based IT provider
Union City-based Cardinal is suing The IT Mothership LLC over what Cardinal describes as “an ongoing hostage situation” of IT systems. But the service provider said Cardinal owes it hundreds of thousands of dollars in unpaid fees.
Lilly rebuffed by Supreme Court on $194M Medicaid award
The case against Lilly centered on the rebates that drug companies must pay to state Medicaid programs to subsidize some of the cost.
Work begins on Heartland BioWorks headquarters in Indy
The nearly $24.3 million project, being led by Bloomington-based Applied Research Institute, or ARI, will serve as a biomanufacturing workforce training and innovation center when complete.
Justice Department announces $1.7B fund to compensate Trump allies in deal to drop IRS suit
Democrats and government watchdogs immediately pledged to fight what they called a “corrupt” and unprecedented resolution.
NextEra, Dominion seek to create massive power company with $67B deal
The deal would create the world’s biggest regulated electric utility business by market capitalization, the companies said Monday.
Summer travelers who relied on Spirit Airlines may struggle to find budget alternatives
The uncertain outlook for economical air travel reflects how difficult it has become for low-cost, no-frills airlines to operate while squeezed by volatile fuel prices, inflation and increasingly fierce competition.
Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations
The negotiation program was created as part of the 2022 Inflation Reduction Act, which capped years of debate over whether the federal government should be allowed to haggle directly with pharmaceutical companies over the prices of drugs in Medicare.
Staff members buy SmallBox firm as it rolls out Trailways campaign
Greater Indy Trailways is a branding effort to raise awareness of more than 800 miles of connected trails in central Indiana.
INvestEd, Indiana’s student loan provider, could see surge in demand
A little-known nonprofit created by Indiana lawmakers more than four decades ago could become a major lender for student loan borrowers due to tighter federal student loan restrictions.
UPDATE: Purdue President Mung Chiang leaving for Northwestern University
Chiang was elected president of Purdue in June 2022 and officially began the role the following January, succeeding former President Mitch Daniels.
IBJ Podcast: IBJ’s editor on making mistakes, combatting bias, diversifying revenue
Lesley Weidenbener discusses a serious error made by the newsroom earlier this month, the financial health of IBJ’s parent company and avoiding political partiality.
IndyCar penalizes 2 cars for rules violations, moves them to back of Indy 500 field
Post-qualifying technical inspection revealed the rules violations, IndyCar said. The teams can appeal.
Funding for $1.6B replacement to Indianapolis VA hospital advances in Congress
The proposed replacement hospital would cost about $1.64 billion, but the appropriations legislation — the first for the 2027 fiscal year to clear a major congressional hurdle — allows for up to $1.98 billion to go toward the project.
China agrees to boost trade for US ag products such as beef, poultry following Trump-Xi summit
The agreements offer some hope to American farmers harmed by the trade war as they saw a major export market for soybeans and other products dry up.
Possible recounts of tight state Senate races could extend into July
Completed tallies show incumbent GOP Sens. Spencer Deery and Liz Brown with narrow primary wins.
Alex Palou takes Indianapolis 500 pole with dominant final qualifying run
Palou will try to become the seventh driver in Indy 500 history to win back-to-back 500s.
Felix Rosenqvist posts fastest 4-lap average in 1st round of Indianapolis 500 qualifying
The semifinal round is set for Sunday afternoon with the fastest 12 qualifiers each getting one attempt to make the top six. The fastest six will advance to the next round of qualifying, which will determine positions one through six.
First day of Indy 500 qualifying washed out, forcing revised Sunday schedule
It’s the first time since 2008 a full day of qualifying was lost because of weather. The decision prompted some significant schedule changes for Sunday.
Q&A with entrepreneur Harrison Painter on AI, marketing and feeling claustrophobic
He sat down with IBJ to talk about his entrepreneurial journey, how he got interested in artificial intelligence and what he’s up to with his latest startup, LaunchReady.ai.
