Holcomb extends restaurant and bar restrictions through April 6
The move—while expected—extends the pain for a hospitality industry that is reeling from closures that have eateries on the brink.
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Stocks fall, capping Wall Street’s worst quarter since 2008
The surge of coronavirus cases around the world has sent markets to breathtaking drops since mid-February, undercutting what had been a good start to the year.
Number of medical volunteers more than doubles in one day as COVID-19 surges in Indiana
The list of volunteer professionals includes doctors, nurses, paramedics, dentists, veterinarians, therapists and midwives. Many of those people will be used to free up health care workers who have experience with more critical care.
Indiana unemployment claims soar past 120,000 amid pandemic
The numbers are skyrocketing as thousands of people lose their jobs during the health crisis.
Lilly teams with British startup to develop autoimmune medicines
In a deal that could eventually be worth close to a billion dollars, Eli Lilly and Co. is teaming with a British biopharmaceutical company in one of the hottest areas in medical research.
Americans adopting e-commerce faster than ever amid pandemic
The buy-online-pickup-in-store option, known as BOPIS, saw a 62% surge in the Feb. 24-March 21 period compared with a year earlier, according to Adobe Analytics.
Retailers furlough 500,000 despite stimulus; more expected
Millions more are in danger of being furloughed or fired as chains reel from nationwide closures that started about two weeks ago and have totaled nearly 50,000 locations.
Local developer Gershman buys old Books & Brews building in Broad Ripple
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
Trump administration rolls back future mileage standards for vehicles
The Trump administration says the looser mileage standards will allow consumers to keep buying the less fuel-efficient but safer-to-drive SUVs that U.S. drivers have favored for years.
Coronavirus cases surge to 2,159 in state, 964 in Marion County
The Indiana State Department of Health reported that 13,373 people have been tested so far, up from 11,658 in Monday’s report.
Gas is getting even cheaper, but motorists have nowhere to go
Demand is weak because so many Americans are under shelter-in-place rules and businesses have been closed because of the coronavirus outbreak.
Carmel auto finance firm calling it quits after 33 years, terminating 127 employees
Carmel-based auto finance company Coastal Credit LLC plans to end operations and terminate all of its employees by the middle of this year, the company said in a letter to the state.
Some Instacart, Amazon workers strike as jobs get riskier
The one-day strikes had little impact on consumers, but the unrest called attention to mounting discontent among low-wage workers who are on the front lines of the pandemic.
UPDATE: Macy’s, Kohl’s, Gap furloughing most employees amid coronavirus shutdown
Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic.
Indiana’s finances taking big blow from coronavirus crisis
Perhaps $1 billion will have to be spent from the state’s $2.3 billion in cash reserves to get through the budget year that ends June 30, Gov. Eric Holcomb said Friday.
Stocks surge for fourth time in five days amid tentative trading
Stocks were led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak.
FDA authorizes widespread use of unproven drugs to treat coronavirus
The Food and Drug Administration has given emergency approval to a plan to distribute millions of doses of anti-malarial drugs to hospitals across the country, saying it is worth the risk of trying unproven treatments to slow the progression of the disease in seriously ill coronavirus patients.
UPDATE: State working to double ICU beds, ventilators, as 5,300 health care workers volunteer
| John Russell and IBJ Staff
The state said more than 5,300 health care workers who are not currently working in hospital settings have volunteered to help during the projected coronavirus surge, which is expected to begin in mid April.
Other cities scramble to erect field hospitals, but Indy remains mum
IUPUI said Monday it is cleaning and sanitizing University Tower to house health care workers, but no plans have been announced locally for temporary field hospitals.
City, Indy Chamber aim to raise $10M for rapid-loan fund for small businesses
Nearly $3 million has already been committed to the fund, including $1 million from Indianapolis-based Anthem Inc. and $1.5 million from the city of Indianapolis.