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U.S. Senate passes bill to boost computer chip production in United States

July 27, 2022 | Associated Press and IBJ Staff

Indiana Gov. Eric Holcomb praised the Senate’s vote in a written statement. Holcomb and state economic development leaders are rooting for the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.

Fed unleashes another big rate hike in bid to curb inflation

July 27, 2022 | Associated Press

The Fed is tightening credit even while the economy has begun to slow, thereby heightening the risk that its rate hikes will cause a recession later this year or next.

Indianapolis-based Aearo files for bankruptcy protection amid flood of lawsuits

July 27, 2022 | Susan Orr

Aearo Technologies filed for Chapter 11 bankruptcy protection this week as a way to deal with the more than 230,000 product liability suits filed against the company and its corporate parent, 3M, in recent years over its now-discontinued Combat Arms earplugs.

Ellison Brewing Co. cites decreased downtown activity in decision to close

July 27, 2022 | Dave Lindquist

The owner of the craft beer business founded in Michigan said the COVID-19 pandemic sealed the fate of the downtown Indianapolis location near Rolls-Royce Meridian Center.

Ellison Brewing

Doctor in 10-year-old rape victim’s abortion faces Indiana AG probe

July 27, 2022 | The Washington Post

Indiana Attorney General Todd Rokita sent a notice to the legal team for Caitlin Bernard on Tuesday advising it that the doctor is under investigation for how she had reported the procedure to state officials.

Ganassi sues IndyCar champion Alex Palou over contract dispute

July 27, 2022 | Associated Press

Chip Ganassi Racing filed a civil lawsuit in Marion County against the Spanish driver who is attempting to leave the team at the end of the season.

The Freedom Forum podcast: Angela Smith Jones, vice president of diversity and inclusion for the Health & Hospital Corporation of Marion County

July 27, 2022 | IBJ Staff

Jones explains how she has incorporated lessons from her previous role as deputy mayor of economic development for the city of Indianapolis into her new role focusing on DEI in the health care sector.

Fed set to impose another big rate hike to fight inflation

July 27, 2022 | Associated Press

When it ends its latest policy meeting Wednesday afternoon, the Fed is expected to impose a second consecutive three-quarter-point hike in its benchmark interest rate, raising it to a range of 2.25% to 2.5%.

New studies bolster theory coronavirus emerged from the wild

July 27, 2022 | Associated Press

The research, published online Tuesday by the journal Science, shows that the Huanan Seafood Wholesale Market was likely the early epicenter of the scourge that has now killed nearly 6.4 million people around the world.

Longtime Indiana senator leaves Republican caucus amid abortion debates

July 26, 2022 | Casey Smith, Indiana Capital Chronicle

Indiana Sen. Mike Young has resigned from the Republican caucus amid disagreements over the GOP approach to abortion-restricting legislation.

Indiana House proposes larger, costlier taxpayer ‘refund’ plan

July 26, 2022 | Peter Blanchard

House and Senate Republicans in the Indiana General Assembly remain on a collision course over how to provide inflation relief for Hoosiers after committees from both chambers passed bills that take vastly different approaches.

Food manufacturer plans $58M expansion, 90 new jobs in Lebanon

July 26, 2022 | IBJ Staff and Inside INdiana Business staff

Ontario-based Skjodt-Barrett Contract Packaging LLC plans to expand its Boone County plant by 340,000 square feet.

Republican AGs sue U.S. agency over LGBTQ school guidance

July 26, 2022 | Associated Press

More than 20 Republican attorneys general filed a lawsuit Tuesday against President Joe Biden’s administration over a school meal program that prohibits discrimination based on sexual orientation and gender identity.

Committee advances abortion ban bill to full Indiana Senate

July 26, 2022 | Katie Stancombe, The Indiana Lawyer

Authored by Sen. Sue Glick, R-LaGrange, Senate Bill 1 would enact a near-total ban on abortions in Indiana.

Former Vice President Pence to release memoir in November

July 26, 2022 | Associated Press

The book will recount Mike Pence’s journey from his Indiana youth to the vice presidency, with stops in the House of Representatives and governor’s mansion in between, according to publisher Simon & Schuster.

Bold, aggressive Big Ten Conference leaves door open for more expansion

July 26, 2022 | Associated Press

Big Ten Conference Commissioner Kevin Warren talked Tuesday about the conference being bold and aggressive as college sports goes through a period of sweeping change.

Watched closely in Indiana, bill to boost semiconductor industry passes key Senate test

July 26, 2022 | Associated Press

Indiana economic development leaders have been hoping for passage of the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.

Noblesville Mexican eatery closing after 25 years, citing road-expansion project

July 26, 2022 | Daniel Bradley

El Camino Real Restaurant in Noblesville plans to go out of business at the end of the month ahead of the Reimagine Pleasant Street expansion project, the owners announced Monday in a social media post.

Inotiv says closures of animal-breeding facilities could cost it nearly $10M

July 26, 2022 | Susan Orr

Indiana-based pharmaceutical testing company Inotiv Inc. disclosed late Monday that it expects to incur charges of between $7.4 million and $9.9 million for the previously announced shutdowns of two Virginia animal-breeding facilities.

Federal judge rules in favor of transgender softball player

July 26, 2022 | Niki Kelly, Indiana Capital Chronicle

The American Civil Liberties Union of Indiana sued Indianapolis Public Schools on behalf of a 10-year-old, who will no longer be able to play softball on her school’s all-girls’ softball team.

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