Eli Lilly to spend up to $575M to reacquire oncology compound it discovered
The Indianapolis-based drugmaker said the compound, called AK-01, could be useful for multiple types of tumors.
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Indiana casinos want to offer sports betting but need state lawmakers’ OK
The U.S. Supreme Court ruled Monday that states can legalize sports betting. Indiana lawmakers will likely study the issue before their 2019 session.
Indiana House OKs school-safety funding as special session gets underway
A bill making an additional $5 million available for safety improvements was approved Monday morning by the Indiana House as the first major action taken during what's expected to be a one-day special session of the state General Assembly.
Trump health secretary: Drugmakers must help cut prices, or else
Alex Azar, secretary of Health and Human Services and a former executive of Eli Lilly and Co., said Monday that the Trump administration plans to turn up the heat on uncooperative pharma firms.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Lilly shareholders reject proposals to lower takeover barriers
Failure to approve the proposals keeps Eli Lilly and Co.’s supermajority-vote requirement for takeovers and staggered board elections intact.
City-County councilor named CEO for Boys & Girls Club of Indianapolis
Maggie Lewis, who will continue serving on the council, has prior leadership experience with not-for-profits.
Mexican eatery to take snakebit space in Fall Creek development
Two well-regarded eateries have failed in the space since late 2016.
UPDATE: Supreme Court makes sports betting a possibility nationwide
The U.S. Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports. The Indianapolis-based NCAA was fighting New Jersey in the case.
Company to close Illinois facility, move jobs to Indiana
Milwaukee-based Rockwell Automation Inc. plans to consolidate distribution operations in Illinois and Tennessee into a new distribution center in Indianapolis, according to the company.
Family seeks to rezone 321 acres of farmland for massive residential, commercial development
A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.
Indiana county building overhaul delayed by more asbestos work
Officials say a project to remodel and remove asbestos from a central Indiana county government center is running more than $600,000 over budget and might not be finished on schedule.
Race can’t be ignored in takeovers of Gary, Muncie schools, civic leaders say
As lawmakers prepare to extend control over two public school districts, some civic leaders are questioning the disparate treatment of Gary, a majority-black district, and Muncie, a predominantly white one.
Indiana lawmakers returning for unfinished business
Indiana lawmakers will be back at the Statehouse on Monday for a special session called to take action on a handful of bills that were left in limbo in March.
Trump unveils ‘sweeping’ plan to reduce prescription drug prices
President Donald Trump's long-awaited plan to bring down drug prices, unveiled Friday, will mostly spare the pharmaceutical industry he previously accused of "getting away with murder" and instead focus on increasing private competition.
Rolls-Royce seeking cheaper headquarters to cut expenses
Rolls-Royce—which has major operations in Indianapolis—needs a “smaller, more cost-effective London head-office location” than the current premises midway between the Houses of Parliament and Buckingham Palace, CEO Warren East said in a memo to staff
Allison veteran to ascend to CFO spot in global transmission firm
G. Frederick Bohley, a 27-year veteran of Allison Transmission Holdings Inc., has been named chief financial officer of the Indianapolis-based public company.
Trump plan for drug prices won’t include direct negotiations
President Donald Trump is set to unveil his long-awaited plan for reducing drug prices after more than a year of bold promises to tackle pharmacy costs that are squeezing millions of Americans.
With time running out, backers of $3M downtown fund scramble for support
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Emmis turns quarterly profit despite shrinking revenue
Revenue declines were expected because Emmis has sold off five radio stations and most of its publishing assets since the beginning of 2017.