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On Thursday, the Fed unveiled a massive short-term lending program to try to help smooth trading in U.S. Treasuries. Many economists now expect the Fed to slash its benchmark interest rate by a full percentage point, to nearly zero, at its policy meeting next week.
The bull officially ran from March 9, 2009, until Feb. 19, 2020, when it began the 26.7% dive that as of Thursday has taken it into bear market territory.
The Indianapolis-based drugmaker said it will combine its capability for quickly developing antibodies with AbCellera’s “rapid pandemic response platform,” with the goal of getting a treatment into clinics for human testing within four months.
Large-scale testing is a critical part of tracking the spread of infectious diseases and allocating resources for treatment. The lack of comprehensive figures means U.S. health providers could quickly be overwhelmed by undetected cases.
The entertainment industry prepared Thursday for an unprecedented shutdown to curb the spread of the coronavirus, canceling upcoming concerts, movies, suspending all Broadway performances and eliminating live audiences from television shows until it’s safe to welcome crowds back.
Mayor Joe Hogsett said that left unchecked, the coronavirus “has the potential to wreak untold damage on our families and the very social safety net that protects our most vulnerable residents.”
“This is a time when we must do all we can to reduce the spread of COVID-19, protect our most vulnerable populations and reduce their potential to acquire or spread this virus,” Holcomb said in a statement. “While some actions are drastic, now, not later, is the time to act.”
The decision comes one day after the Indianapolis-based NCAA said it would not allow fans to attend games in hopes of stopping the potential spread of the virus.
The Dow industrials plunged more than 2,300 points, or 10%—the latest in a series of steep drops that have wiped out most of the big run-up on Wall Street since President Donald Trump’s inauguration.
The convention for firefighters and other rescue personnel was scheduled to run April 19-25. It typically has an economic impact of nearly $35 million for the city.
Meanwhile in Boone County, both Zionsville and Whitestown are closing town facilities through April 6 beginning at 5 p.m. Thursday.
The league also suspended the rest of its spring training schedule, after Florida Gov. Ron DeSantis strongly recommended to local authorities and organizers that they limit all mass gatherings.
The United Soccer League said it was “temporarily suspending” its season over COVID-19 concerns, following the lead of the National Basketball Association, the National Hockey League and Major League Soccer. The Eleven will miss at least five games.
Slapfish, a California-based chain of fast-casual seafood restaurants, plans to open its first Indianapolis location, at 345 Massachusetts Ave.
The Indiana High School Athletic Association on Thursday afternoon announced that the remaining games in its boys basketball state tournament will continue, but with limited spectators in attendance as it copes with the growing virus outbreak.
The Indianapolis-based NCAA is weighing potential health risks to athletes against hundreds of millions of dollars on which the institution and dozens of athletic conferences and universities rely on for economic stability.
Top Democratic lawmakers want Gov. Eric Holcomb to provide more information on what the state is doing to respond to the coronavirus threat, but Republican leaders say they trust the governor to handle the situation appropriately.
More than 100 million households across America, including those in Indianapolis, will begin receiving invitations by mail this week to respond to the U.S. Census.
More than 35,000 students from 300 schools were set to perform through April 11.
The coronavirus crisis sent stocks into another alarming slide on Wall Street on Thursday, triggering a brief, automatic shutdown in trading for the second time this week.
