Parent company of Silicon Valley Bank files for bankruptcy
The filing from SVB Financial Group was widely expected, with much of the company now under the control of banking regulators. The bank was seized last week by the federal government.
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Fishers biotech firm lands additional FDA approval for imaging product
Illuccix was first approved by the FDA in December 2021. The imaging agent is designed to target and “light up” cancerous cells, making it easier for oncologists to determine through a PET scan if the cells have spread to areas outside the prostate.
Republican mayoral candidate Shreve hits the airwaves
Indianapolis businessman Jefferson Shreve, a Republican, appears to be the first of this year’s Indianapolis mayoral candidates to begin advertising.
Lawmakers push controversial military trial rights bill through to governor
The Indiana Senate on Thursday passed a much-disputed proposal barring Indiana National Guard members from demanding a military trial—or court-martial—in lieu of non-judicial punishment.
Activist for street safety takes issue to Indy mayoral, council candidates
Eric Holt, who tracks pedestrian and cyclist deaths in Indianapolis, is creating a voter guide in hopes of spurring the election of mayoral and council candidates who want to address systemic street safety issues.
Ag-tech startup Athian secures investors for $5M funding round
Athian expects to begin beta testing for its first product this month. The company was launched last year by Greenfield-based Elanco and Indianapolis-based High Alpha Innovation.
Sales of existing homes still slumping in central Indiana
Residential real estate sales in the 16-county area have fallen on a year-over-year basis for the past 13 months and have seen double-digit percentage decreases for eight straight months.
Men’s college basketball players making twice as much as women
The pay difference comes mainly from money flowing from so-called NIL collectives. Excluding the money from collectives, male and female basketball players made roughly the same amount of money from NIL deals.
COVID-19 pill Paxlovid moves closer to full FDA approval
The medication has been used by millions of Americans since the FDA granted it emergency use authorization in late 2021.
Big banks create $30B rescue package for First Republic
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third bank to fail in less than a week and head off a broader banking crisis.
Microsoft adds AI tools to office apps Outlook, Word, Excel
Microsoft is infusing artificial intelligence tools into its suite of office software, allowing users to do things like summarize long emails, draft stories in Word and animate slides in PowerPoint.
Fed lent $300B in emergency funds to banks in past week
Nearly half the money—$143 billion—went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
Dance Kaleidoscope reels in the years with the Beatles
‘Magical Decades Tour’ show mixes songs popularized by the Beatles with hits by other artists in multiple decades.
‘World’s whitest paint,’ developed at Purdue, wins big at SXSW
A product developed by researchers at Purdue University that was recognized by Guinness World Records as the world’s whitest paint has earned two major awards.
Westfield term limits near dead after Indiana House passes elections bill
The bill would overturn the term-limits ordinance that the Westfield City Council approved in late 2022 for its elected officials. House members passed the bill 92-0, sending it to Gov. Eric Holcomb’s desk.
Data shows mental health, education declines for Hoosier children
The Hoosier State continues to lag its peers when it comes to child wellbeing, ranking 28th overall—just one place ahead of its ranking last year. But it has made strides in reducing the number of foster children in the state.
Multifamily projects lead to bigger-than-expected surge in residential construction
The pickup points to signs of budding optimism that the worst of the housing rout may be near.
New IndyFringe leader wants to add to energy on Mass Ave
Former flute professor Jennifer Cooper previously served as executive director of the Montana International Choral Festival.
U.S. jobless aid claims show weekly decline as layoffs remain low
The labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation.
Mobile sports bets booming in some states as others shy away
Nationwide, legal sports betting has generated more than $3 billion in state and federal taxes since the 2018 Supreme Court ruling allowing it, according to the American Gaming Association.
