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‘Triple whammy’ of good news powers Dow more than 900 points

May 18, 2020 | The Washington Post

The Dow Jones industrial average surged nearly 700 points at the opening bell, then kept going, after Moderna announced that an early-stage human trial for its coronavirus vaccine successfully produced COVID-19 antibodies in participants.

Indiana Supreme Court declines to say whether Holcomb can appoint AG replacement

May 18, 2020 | Lindsey Erdody

Gov. Eric Holcomb, a Republican, asked the court last week to clarify whether Attorney General Curtis Hill would lose his elected position as state government’s top lawyer when his 30-day suspension took effect Monday.

IU Health says Methodist Hospital overhaul still on track, even as other projects falter nationally

May 18, 2020 | John Russell

The design of the long-anticipated project was originally set to be unveiled by the end of 2018, but has been delayed several times—most recently this spring, as the pandemic began to sweep across the United States.

Footlite Musicals launches $30K campaign to maintain theater while stage is dark

May 18, 2020 | Mason King

The all-volunteer group says it needs $30,000 to cover expenses before it’s back up and running in September, when it will stage the ABBA jukebox musical “Mamma Mia!”

BOHANON & CUROTT: Entrepreneurs are best equipped to pull us out of this mess

May 18, 2020 | Cecil Bohanon / Special to IBJ and Nick Curott / Special to IBJ

Epic levels of unemployment and declines in GDP take time to repair, even if we get good news such as better remedies or an effective vaccine. There are at least two reasons why.

IBJ, staff win 12 awards in SPJ contest, including first place honors for AI coverage

May 18, 2020 | IBJ Staff

The Indiana Lawyer, which is also published by IBJ Media, won six awards, including first place honors in six categories.

MHG Hotels sues insurer for claim denial as pandemic-related losses climb

May 18, 2020 | Mickey Shuey

A local hotelier expects to lose more than $20 million from declines in travel tied to the coronavirus pandemic, according to a lawsuit filed against its insurer earlier this month.

Downtown steakhouse joins list of restaurants permanently closing

May 18, 2020 | Mason King

The Facebook page for the upscale restaurant lists the location as “permanently closed.” It has been removed from the company’s online list of restaurants, and its local phone number no longer works.

Indiana reports another 477 COVID-19 cases as testing hits new high

May 18, 2020 | IBJ Staff

The Indiana State Department of Health said Monday that the cumulative death toll in the state rose to 1,621, up from 1,607 the previous day—an increase of 14.

Moderna virus vaccine showing encouraging early results

May 18, 2020 | The Washington Post

The data released Monday by Moderna is positive, but represents only a first step in a long process to bring a vaccine to market.

Hospitals, health care sector reel from COVID-19 damage

May 18, 2020 | Associated Press

Health care provided the biggest drag on the U.S. economy in the first quarter. Spending on care fell at an annual rate of 18%, the largest drop for that sector among records going back to 1959.

Italian steel firm to build $15M North American HQ in Indiana, hire 100

May 18, 2020

INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021.

IBJ Podcast: Holcomb campaign faces peril of managing COVID crisis in public spotlight

May 18, 2020 | IBJ Staff

On one hand, Holcomb has the opportunity to show voters how he can handle a dire crisis. On the other hand, if he miscalculates how quickly the state should reopen, it’ll be in front of millions of voters with a deep, vested interest.

As families head back to work, a $15M fund aims to make child care safer

May 18, 2020 | Stephanie Wang, Chalkbeat Indiana

The state had encouraged daycares to stay open through the spring shutdown. Still, about one-third of providers across Indiana temporarily closed.

Reports show nursing-home chain violated patient care, infection control standards

May 17, 2020 | The Washington Post

Over the past six weeks, as the nationwide death toll among the elderly soared, government inspectors discovered breakdowns in infection control and prevention in at least 10 Life Care nursing homes that underwent COVID-19 emergency inspections.

Federal Reserve chief: Recovery might begin by summer, will likely be slow

May 17, 2020 | Associated Press

Federal Reserve Chair Jerome Powell suggested that a full recovery won’t likely be possible before the arrival of a vaccine for COVID-19.

Indiana reports 498 new COVID-19 cases, fewest new deaths since April 20

May 17, 2020 | IBJ Staff

The Indiana State Department of Health on Sunday said the number of positive cases of COVID-19 in the state has risen to 27,778.

Kroger announces new bonuses after cutting hazard pay to workers

May 17, 2020 | Associated Press

Just days after announcing it would end hazard “hero” pay to front-line workers, Kroger says it will give them extra “thank you” bonuses.

Vectren seeking to pay customers less for excess solar power

May 16, 2020 | Associated Press

A utility that serves about 145,000 customers in Indiana wants approval to significantly reduce financial credits given to people who send excess solar-generated electricity into the power grid.

Indiana reports 625 more COVID-19 cases, 46 additional deaths

May 16, 2020 | IBJ Staff

The Indiana State Department of Health on Saturday reported that 171,358 people have been tested so far, up from 165,448 in Friday’s report—an increase of 5,910.

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