UPDATE: Eli Lilly stock reaches new high, tops $1,000-per-share mark
Lilly’s shares have taken off in the wake of several significant deals and after it received fast-track regulatory review for highly anticipated weight-loss pill orforglipron.
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Jack’s Donuts seeks to sell corporate assets in bankruptcy
Jack’s Donuts, which filed for bankruptcy reorganization in late October, is now seeking court permission to sell off its corporate assets to a stalking horse bidder.
With their government contracts in limbo, small businesses await historic shutdown’s end
Small business owners with government contracts say the shutdown has caused payment delays and the cancellation of some projects, and they will be working to make up for lost time and money, if the government reopens.
House returns for vote to end the government shutdown after nearly 2 months away
The prospect of travel delays due to the shutdown could complicate the vote. Still, Speaker Mike Johnson said the GOP was “very optimistic” about the outcome.
Indy-based venture studio signs naming-rights deal for Grand Park
The company that helps launch startups already has sponsorship deals with Indy Eleven and Rahal Letterman Lanigan Racing.
Mesh on Mass to close after 15-year run
Cunningham Restaurant Group said it was unable to reach an agreement on a long-term lease for the restaurant with the building’s owner.
Purdue heads clinical trial for new canine cancer treatment
Researchers say the new treatment holds the potential to treat some dogs diagnosed with cancer without turning to more expensive traditional procedures such as radiation, chemotherapy or surgery.
Proposed IPS teachers contract would provide smaller raises amid shaky financial outlook
The raises come at an increasingly precarious time for IPS, which faces a funding cliff. The district is projected to end 2026 with an estimated $44 million deficit, according to cash flow projections from September.
White House’s 50-year mortgage proposal has one notable benefit, but some drawbacks
The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism.
Washington group making TV push for Indiana redistricting
The anti-tax Club for Growth is trying again to turn up the pressure on Indiana’s Republican legislators to support a new round of congressional redistricting.
Bob Ross paintings sell for more than $600K to help public TV stations
The three paintings, all painted in Indiana, were the first of 30 Ross works being sold to benefit public TV stations hurt by cuts in federal funding.
Supreme Court extends pause on order requiring full SNAP payments
The legal issue over the funding could be rendered moot soon if a deal advancing on Capitol Hill to end the shutdown is adopted. That measure—which has passed the Senate, with the House expected to vote as soon as Wednesday—would fund SNAP through September.
Daniel’s Vineyard sues McCordsville, alleges town targeted winery
The lawsuit comes about six weeks after the town sued the winery, alleging breach of development contract.
Air travelers face frustration as FAA increases flight cuts during the government shutdown
The FAA also expanded its flight restrictions Monday, barring business jets and many private flights from using a dozen airports already under commercial flight limits.
Indianapolis-based Oak Street Funding adds $500M to loan portfolio
Oak Street, a specialty lender focused on the financial services sector, is picking up a portion of the loans acquired by its corporate parent, First Financial Bank, in a recent acquisition.
Telecom company plans data center near Township Line Road on Indy’s north side
The single-story data center, which would use a relatively modest 4 megawatts of power, would be located on a largely wooded property that already includes a 1,000-foot broadcast tower.
USA Gymnastics taps Major League Soccer executive as its new CEO
The new leader succeeds Li Li Leung, who announced in June that she planned to step down at the end of the year.
Supreme Court expected to say whether full SNAP food payments can resume
The legal wrangling could be moot if the U.S. House adopts and Trump signs legislation to quickly end the federal government shutdown.
Congressional report cites Purdue in push for tighter limits on Chinese students
A congressional report uses Purdue University as a case study to argue for tighter limits on Chinese students and academic partnerships, even as it praises the school’s research security policies.
Health care premium spikes set to squeeze small businesses
Premiums for Affordable Care Act plans, which are used for thousands of small businesses, are expected to jump 114% on average in the new year, when COVID-era tax credits expire.
