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Looming Musk-Twitter legal battle hammers company shares

July 11, 2022 | Associated Press

Shares of Twitter slid more than 9% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.

Fed’s Bullard: Solid U.S. economy can handle rising rates

July 11, 2022 | Associated Press

St. Louis Federal Reserve President James Bullard said he currently supports a 0.75 percentage point increase in the Fed’s benchmark short-term interest rate at its next meeting later this month.

Recount begins for ultra-close House District 32 Republican primary

July 11, 2022 | Daniel Bradley

In the May 3 primary, Fred Glynn of Carmel received 1,844 votes to 1,838 votes for Suzie Jaworowski of Fishers.

Despite forewarning, GOP lawmakers unprepared to roll out abortion legislation

July 11, 2022 | Whitney Downard, Indiana Capital Chronicle

Dozens of Republicans who back pro-life issues refused to comment on a possible Indiana abortion ban, leaving a key Right to Life attorney’s proposal as the primary discussion point in the Indiana General Assembly.

Indiana’s teacher shortage has some schools scrambling

July 11, 2022 | Lee V. Gaines, WFYI

To help cope with the shortage of candidates, school districts are relying more heavily on emergency permits, which are temporary credentials that allow people who aren’t licensed to teach a certain subject.

Drugmaker seeks FDA approval for over-the-counter birth control

July 11, 2022 | Associated Press

For the first time, a pharmaceutical company has asked for permission to sell a birth control pill over the counter in the United States.

IBJ Podcast: Pete the Planner says the best thing to do now is ‘stop spending money’

July 11, 2022

IBJ Podcast host Mason King calls on frequent guest Peter Dunn—aka Pete The Planner—to give listeners a pep talk, or at least some straight talk about what’s happening and what to expect. He hits the major topics from inflation to recession, as well as the strategies for riding out the latest fiscal downturn such as gas-tax holidays and Fed rate increases.

Twitter prepares to take its fight against Elon Musk to the courts

July 11, 2022 | The Washington Post

The company is likely to face a lengthy courtroom battle with one of the world’s richest and most mercurial individuals, which could paralyze its ability to launch new initiatives and attract workers.

Crypto plunge is cautionary tale for public pension funds

July 10, 2022 | Associated Press

The recent crypto meltdown has prompted a larger question: For pension funds that ensure teachers, firefighters, police and other public workers receive benefits in retirement after public service, is any amount of crypto investment too risky?

Report: Uber lobbied, used ‘stealth’ tech to block scrutiny

July 10, 2022 | Associated Press

As Uber aggressively pushed into markets around the world, the ride-sharing service used a “kill switch” to thwart regulators and law enforcement, and channeled money through Bermuda and other tax havens, according to a report released Sunday.

Latest variant driving new wave of coronavirus infections

July 10, 2022 | The Washington Post

Officials warn of a possible fall or winter wave—perhaps as many as 100 million infections in the United States—that could again flood hospitals with COVID patients.

Letters: $20M subsidy in Carmel part of larger problem

July 10, 2022

Daniel Bradley’s thorough recap of Carmel’s redevelopment overreach [Residents of longtime Carmel neighborhood oppose $133M project, June 3] demonstrates once more how arrogant the city administration has become.

Memory Bank: The Fourth of July at the War Memorial in 1944

July 10, 2022

The memorial plaza, which was added to the National Register of Historic Places in 1989, has played host to many civic and military events through the years, especially on the Fourth of July,

Report: WWE boss McMahon’s hush cash bill over $12 million

July 9, 2022 | Associated Press

A report says World Wrestling Entertainment impresario Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.

Musk abandons $44B deal to buy Twitter; company says it will sue

July 9, 2022 | Associated Press

Twitter could push for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.

Inotiv facing shareholder lawsuit over stock drop

July 8, 2022 | Susan Orr

The West Lafayette-based pharmaceutical testing company has seen its stock price soar—and later plunge—following its announcement last fall that it planned to acquire Indianapolis-based Envigo RMS LLC, which breeds and sells animals used in lab testing.

Ascension’s much-touted micro-hospitals fade away in Indy area

July 8, 2022 | John Russell

Just five years ago this summer, officials from Ascension St. Vincent opened the first of five tiny hospitals in the Indianapolis area, touting them as a new model of ease and comfort for patients.

Editorial: Pharmacy middlemen merit tougher regulations, scrutiny

July 8, 2022

Indiana lawmakers have attempted to regulate the industry, but their regulations haven’t really taken hold.

Nate Feltman: Public safety must be government’s priority

July 8, 2022 | Nate Feltman

Just as leaders mobilized and marshaled resources to defeat epidemics such as polio, smallpox, Ebola and COVID, we must do so again to solve the uniquely American gun violence problem.

Q&A: Celebrating the Black tradition of giving

July 8, 2022 | John Russell

Jacqueline Bouvier Copeland established Black Philanthropy Month in 2011 to raise awareness of the global Black community’s tradition of giving.

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