SpaceX’s IPO set to be biggest ever and could make Elon Musk a trillionaire
SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut.
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Keystone to spend at least $100M on acquisition, renovation of downtown Sheraton
The Indianapolis-based developer plans to convert the property near Monument Circle to a Renaissance, an upscale hotel brand owned by Marriott International.
Reviewing the options for an Indianapolis schools referendum
The Indianapolis Public Education Corp. is considering putting a tax increase on the ballot in November to fund schools. Here’s the breakdown of options and how the public can weigh in.
Marian University to break ground on $72M multidisciplinary academic building
The $72 million, 95,000-square-foot building will represent one of the largest investments in Marian University’s history.
AI saves time, but most companies waste the gain, study shows
Nearly half the respondents said they spend more time managing and directing artificial intelligence than doing the work itself.
Governor suspends Indiana’s gas tax for 3rd time
Indiana Gov. Mike Braun said there would likely be another suspension that goes until early August as well.
Indianapolis Cultural Trail touts $3B in added assessed value since 2007
Executive Director Kären Haley said the Indianapolis Cultural Trail’s next era will be focused on building capacity for its public art, gardens, program and long-term maintenance.
Inotiv files for Chapter 11 bankruptcy protection
Through the bankruptcy process, Inotiv said it will reduce its debt by approximately $326 million.
Trade group launches to advocate for Indiana’s creative economy
The Creative Economy Leadership Alliance Inc., or CELA, aims to elevate the voice of the creative industry in legislative, policy and economic development conversations.
Banks staffer Engling says decision on secretary of state’s race came quickly
Concerns about Diego Morales’ reelection chances weighed into the move by the Republican candidate who’s largely unknown to the public.
Indiana attorney general readies new immigration biz enforcement powers
Indiana Attorney General Todd Rokita on Tuesday warned Hoosier businesses knowingly employing unauthorized workers that, come July 1, he’ll act on federally compiled lists of suspected violators.
Lilly: Drug shows promise against early lung cancer with rare biomarker
Trial patients who received the drug after surgery or radiation therapy experienced an 83% reduction in the risk of disease recurrence or death compared with those who received a placebo.
Indianapolis-based Fathers and Families Center announces $5.5M campaign, new location
The organization has already raised $3.9 million for its campaign with gifts from Eli Lilly and Co. Foundation, United Way of Central Indiana and other groups.
UPDATE: Boston Scientific plans to build $138M facility, hire 300 in Plainfield
The facility will be responsible for global distribution of medical devices and will also accommodate light manufacturing.
Beach Boys, Busta Rhymes concerts planned for Indiana State Fair
The Beach Boys will open this year’s Indiana State Fair, and gospel vocalist Tasha Cobbs Leonard is the closing-night headliner.
Indiana’s Oliver Winery taps Chicago distributor for growth in 11 markets
Oliver said the partnership will help strengthen its presence in major beverage markets as consumer demand grows for fruit-forward and flavored wines.
US says it plans extra tariffs of 10% or more for most trading partners after forced labor probe
The tariffs would be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor.
Sheridan water adventure park set to open
The 126-acre adventure park with a 6-acre lake, water slides, cabanas, sandy beaches and a floating obstacle course is set to open Thursday in Hamilton County after years of planning and almost a year of construction.
Milktooth to return after Arlene’s falters, restaurant says on social media
Celebrated chef Jonathan Brooks opened the meat-and-three-concept last month after closing Milktooth, an award-winning brunch spot.
Northwest Indiana sports commission awaits Bears decision before starting master plan
The team has said it will pick between Hammond and Arlington Heights, Illinois, in late spring or early summer. Hammond Mayor Tom McDermott told IBJ on Monday he expects a decision within 30 days.
