Lilly said to be willing to pay $3.7B for biotech firm
A newspaper says Eli Lilly and Co. is a leading contender to acquire a Massachusetts-based biotech company with a troubled leukemia drug.
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Jim Terwilliger, president of Indiana University Health’s Methodist and University hospitals, will step down March 1. He had led IU Health’s two flagship hospitals since July 2012, when longtime executive Sam Odle retired. Dennis Murphy, whom IU Health hired to fill Odle's other job of chief operating officer, decided to replace Terwilliger. Dr. Jeff Sperring, CEO of IU Health’s Riley Hospital for Children, will serve as interim president of Methodist and University hospitals, while IU Health conducts a search for a permanent replacement.
Indianapolis-based WellPoint Inc. named Amy Cheslock vice president of payment innovation for provider engagement and contracting within the company’s commercial and specialty business division. She previously was vice president of provider engagement and contracting for WellPoint’s central region markets and enterprise cost-of-care initiatives. Cheslock succeeds Jill Rubin Hummel who, last month, was named president of WellPoint’s affiliated health plan in Connecticut.
Benchmark stock indexes suffer worst week since 2012
The Standard & Poor’s 500 index retreated 2.1 percent Friday, to 1,790.31, to close at its lowest level since Dec. 17. The benchmark index declined 2.6 percent this week. The Dow Jones industrial average lost 3.5 percent this week.
Senator drops bill to create Statehouse souvenir shop
Sen. Thomas Wyss, R-Fort Wayne, has withdrawn a bill that would have allowed the construction of a souvenir shop in the Indiana Statehouse over concerns about the cost.
Bill would keep state’s annuity system in-house
The Indiana House is set to consider legislation that will prevent the state from privatizing one part of public employee and teacher retirement funds.
Soccer team seeks state help for $87M downtown stadium
Indy Eleven owner Ersal Ozdemir hopes state lawmakers will help him finance construction of a multi-use soccer stadium with 18,500 seats in downtown Indianapolis.
Judges could carry firearms under proposed law
Senate Bill 3 would allow judges to carry firearms when they are on duty. The bill passed 47-1 in the Senate.
Lawmakers advance bill allowing industrial hemp crops
Hemp plants could start appearing in Indiana fields if a state Senate bill to allow growing the crop gains support from lawmakers.
Nursing home construction measure passes Senate
Senate Bill 173 would prohibit the State Department of Health from approving the development of new nursing homes.
Senate OKs ban on tanning for those under 16
A bill that would ban young people from using beds at tanning salons passed 30-17 Thursday in the state Senate.
Teachers could get help with expenses under House bill
House Bill 1349 would establish a Classroom Expense Fund, from which money would be advanced to educators across the state.
Senate passes bill to protect agricultural rights
Senate Bill 186 provides that it is the responsibility of the state to conserve, protect, and encourage the development and improvement of agriculture. The goal is to guide the courts to interpret state laws to be sympathetic toward farmers.
Personal property tax cut heads to full House
House Bill 1001, authored by Rep. Eric Turner, R-Cicero, would allow county income tax councils to exempt businesses from paying the business personal property tax on any new equipment they purchased.
My own Obamacare math says small employers will, indeed, drop coverage
In my financial situation, I could save from 2 percent to 30 percent buying health insurance on the Obamacare exchanges. I suspect a lot of small companies and their workers will see similar results.
Legislation aims to expand high school internships
The bill would add an intern-hiring incentive to the Economic Development for a Growing Economy program, commonly known as EDGE.
Biological drug bill advances to full Senate
The Indiana Senate is set to consider legislation that could give patients access to more options for drug treatments that derive from biological organisms.
HETRICK: You say you want a reputation? Don’t do it this way
We can now measure the dollar value of a good reputation. Unfortunately, Indiana is doing a lot to hurt its.
DINING: Time marches on at recently revamped Tick Tock Lounge
Last in a month-long series of theme-less restaurant reviews.
LOU’S VIEWS: Sound scenic decisions highlight deafness drama ‘Tribes’
The most powerful moment, for me, in the acclaimed play at the Phoenix may have been accidental. And it happened when an actor got in my way.