Powell reiterates stronger case for cut amid economic risks
Federal Reserve Chairman Jerome Powell said that the downside risks to the U.S. economy have increased recently, reinforcing the case among policy makers for somewhat lower interest rates.
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BioCrossroads chooses retired Lilly exec as new CEO
Patricia Martin, 58, former chief operating officer of Lilly’s diabetes division, will start her new job July 1, leading an organization that promotes and invests in the state’s life sciences sector.
Local attorney to challenge Hill for Republican AG nomination
John Westercamp’s bid comes as Indiana Attorney General Curtis Hill faces an attorney disciplinary action and a civil lawsuit stemming for accusations he drunkenly groped four women at a party in March 2018.
Advocates file lawsuit claiming DCS shortcomings harming children
The complaint asserts the shortcomings of Indiana’s foster care system have been well-known for years, but the reforms made since the Child Welfare Policy and Practice Group issued a report outlining widespread problems in June 2018 have not brought substantive change.
Former Taco Bell franchisee giving Butler University $5 million
An alumnus and former board of trustees chairman who made part of his fortune as a major Taco Bell franchisee has pledged a $5 million gift to Butler University, the university announced Tuesday.
Caesars set to update all Indiana facilities for sports betting
At the Winner’s Circle in downtown Indianapolis, Caesars will add extra bar seating and televisions. It also is adding an activity area with cornhole boards and shuffleboard to create more of a sports-bar-like atmosphere.
Industrial park planned for 167-acre Whiteland site by I-65
A Kansas City, Missouri-based developer intends to provide a wide variety of spaces for logistics, advanced manufacturing and e-commerce users, with five buildings ranging from 168,480 square feet to 1.2 million square feet.
Trump signs order that aims to reveal real health care costs
Insurers said the idea could backfire, prompting hospitals that now give deeper discounts to try to raise their own negotiated prices to match what high earners are getting. Hospitals were skeptical of the move.
U.S. plays down expectations for Trump-Xi meeting with hard line
U.S. officials said President Donald Trump was focused above all on securing real structural reforms in China to address U.S. complaints about intellectual property theft and the widespread use of industrial subsidies among other things.
Holcomb keeping eye on Illinois’ new casino, marijuana laws
Indiana casinos will compete effectively against a slew of new casino sites in Illinois, Gov. Eric Holcomb said Monday.
Eldorado’s proposed $17.3B acquisition could make it state’s biggest casino owner
Eldorado Resorts Inc. announced Monday that it plans to buy Las Vegas-based Caesars Entertainment Corp., creating the largest gambling operator in the United States—and in Indiana.
Purdue researchers develop technology to help patients recover from neurological diseases
A research team says it has found a way to extend the life of implantable stimulation devices that help patients recover from strokes, Alzheimer’s and other neurological diseases.
High court strikes down ‘scandalous’ part of trademark law
The U.S. Supreme Court ruled that the century-old provision is an unconstitutional restriction on speech, handing a victory Monday to California fashion brand FUCT.
Justices side with business, government in information fight
The Supreme Court ruled against a newspaper that was seeking to learn how much money goes annually to every store nationwide that participates in the government’s $65 billion-a-year Supplemental Nutrition Assistance Program, called SNAP.
Trump executive order to push for disclosure of secret health prices
The federal regulations Trump is calling for would push forward a relatively simple idea: that patients should know how much hospitals charge for common procedures.
Billionaires, from Soros to Disney heir, urge extreme-wealth tax
Financier George Soros, heiresses Liesel and Regan Pritzker, Abigail Disney and Facebook Inc. co-founder Chris Hughes are among those calling for the levy to help address income inequality.
Farm deluge has far-reaching economic implications
The communities Midwest farmers live in and the businesses that supply them with seeds, fertilizer, equipment and services are struggling as credit conditions steadily deteriorate in a fragile rural economy.
Supreme Court declines to hear challenge to Trump’s steel tariffs
The U.S. Supreme Court declined to question President Donald Trump’s imposition of more than $4 billion in steel tariffs, turning away an appeal that challenged his use of national security as the legal justification for his trade agenda.
IBJ Podcast: Scott Wise talks Scotty’s, starting over and his new restaurant Roots
Wise tells IBJ Podcast host Mason King that he’s both emotional and excited about his new start, which he says has been like hitting control-alt-delete on his career.
Buttigieg criticized at emotional town hall after shooting
Democratic presidential candidate Pete Buttigieg faced contentious questioning Sunday from angry residents of South Bend a week after a white police officer fatally shot a black man in the city where he is mayor.