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Lawmakers propose billions in incentives to boost U.S. semiconductor manufacturing, research

June 10, 2020 | The Washington Post

U.S. semiconductor companies account for 47 percent of global chip sales but only 12 percent of manufacturing, according to the Semiconductor Industry Association, which welcomed the new legislation.

State partnering with Lilly to speed up COVID-19 test processing

June 10, 2020 | Lindsey Erdody

Indiana State Health Commissioner Dr. Kris Box said during Wednesday’s press briefing that the partnership will allow a network of 10 labs across the state to be able to process more tests.

Mid-American Conference schools create separate conference for esports

June 10, 2020 | Associated Press

The new varsity team at Ball State, where about 500 people participate in the esports club, will help bring esports experiences into education for digital sports production, business, animation and other fields.

Federal Reserve to keep providing aid, sees no rate hike through 2022

June 10, 2020 | Associated Press

Chairman Jerome Powell stressed the Fed’s commitment to ultra-low borrowing rates for the foreseeable future. “We’re not thinking about raising rates,” he said. “We’re not even thinking about thinking about raising rates.”

Indiana to enter Stage 4 of recovery plan two days early, governor says

June 10, 2020 | Lindsey Erdody

Stage 4 will begin at 12:01 a.m. Friday instead of Sunday as previously planned, Indiana Gov. Eric Holcomb said, because the state was seeing positive signs in its ongoing fight against the COVID-19 virus.

Walmart picks area for distribution center that would dwarf most others

June 10, 2020 | Mickey Shuey

Plans call for the mammoth Hancock County facility to feature 146 docks and parking for 1,985 cars and up to 916 trailers.

State COVID-19 cases rise by 304, deaths by 15

June 10, 2020

Marion County on Wednesday reported an increase of 20 cases and four deaths.

City reopens Illinois Street to vehicles following pandemic-related closure

June 10, 2020 | Samm Quinn

The other street closures—to Massachusetts Avenue, Broad Ripple Avenue and Georgia Street—will remain in effect through July 4, the city said.

Trilogy Health plans seniors housing in Noblesville

June 10, 2020 | Kurt Christian

The Louisville-based company is planning to build 32 apartments for independent seniors near its south-side health campus.

Simon Property calls off $3.6B deal to acquire rival Taubman Centers

June 10, 2020 | IBJ Staff

Simon shares fell nearly 6% in early trading Wednesday, to $81.71 each. Taubman shares plummeted nearly 30% after the announcement, to $31.94 each.

Simon Headquarters

High Alpha startup Canopy scores $2 million in seed funding

June 10, 2020 | Anthony Schoettle

Canopy, founded late last year under the name Loupe, makes and markets software that uses artificial intelligence to gather sales and product usage data.

Apple plans to announce move to its own Mac chips

June 10, 2020 | Bloomberg News

This will be the first time in the 36-year history of the Mac that Apple-designed processors will power these machines. It has changed chips only two other times.

Movie theaters, closed for months, preparing for July reopenings

June 9, 2020 | Associated Press

After three months of near total blackout of cinemas nationwide, movie theaters are preparing to reopen—even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.

Safety-net health providers get $25B to help keep their doors open

June 9, 2020 | The Washington Post

The Department of Health and Human Services said safety-net hospitals in Indiana serving the most vulnerable citizens would receive more than $167 million.

Analysis: Here’s where SBA’s coronavirus disaster loans have gone

June 9, 2020 | The Washington Post

A state-by-state Washington Post analysis of SBA spending found drastic variation in loan receipts, highlighting how the current effort to bolster the economy with federal funds could contribute to stark inequalities in how wealth is distributed across the United States.

Indiana schools to have flexibility when reopening, McCormick says

June 9, 2020 | Associated Press

The reentry plan provided by the state is broad and non-mandatory, meaning it will be up to school districts to decide whether students and faculty would have to undergo health screenings, wear masks and adhere to social distancing best practices.

Insurance telemarketers face fines of $225M for billion robocalls

June 9, 2020 | Associated Press

State attorneys general of Indiana, Arkansas, Michigan, Missouri, North Carolina, Ohio and Texas sued the two men and their Houston-based companies for violating the federal law governing telemarketing.

Butler University appoints interim dean for business school

June 9, 2020 | Samm Quinn

Fomer Dean Steve Sandifird in March accepted a new job as Peoria, Illinois-based Bradley University’s president. His contract there begins next week.

As many as 25,000 U.S. stores may close in 2020, mostly in malls

June 9, 2020

The number would shatter the record set in 2019, when more than 9,800 stores closed their doors for good, according to a report from retail and tech data firm Coresight Research.

The great diamond glut: Miners stuck with gems worth billions

June 9, 2020

The pandemic has devastated the diamond world. Jewelry stores closed their doors, India’s cutting and polishing artisans were forced to stay home and De Beers had to cancel its March sale because buyers couldn’t travel to view the merchandise.

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