US trade deficit drops 24% as Trump’s tariffs reduce imports
A drop in imports and the trade deficit is good for economic growth because foreign products are subtracted from the nation’s gross domestic product.
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Lilly to open Gateway Labs site in Philadelphia
Since the first biotech incubator site opened in 2019, participating startups have collectively raised more than $3 billion.
DraftKings, FanDuel split with gambling lobby, embrace prediction markets
This week’s split underscores a widening rift over the fast-growing world of prediction markets, a form of real-money trading that blurs the line between gambling and financial speculation.
Roche survey: Many millennial women skipping cervical cancer screenings
Indianapolis-based Roche Diagnostics said while the survey was conducted in Europe, its implications are global and reflect challenges in the United States.
Tax consulting firm moving to Keystone at the Crossing amid park’s $35M overhaul
DuCharme, McMillen & Associates Inc. will occupy slightly more than one-half of its Keystone at the Crossing building when it moves there next year.
Tom Wood plans new Honda dealership near I-65 in Zionsville
Plans call for a 32,700-square-foot showroom and service center with parking on 9.87 acres just south of Tom Wood’s Toyota dealership.
Federal Reserve releases new guidance for bank oversight in move praised by industry
Michelle Bowman, the Fed’s vice chair for supervision, said the principles will “sharpen” the central bank’s focus and build “a more effective supervisory framework.”
Trump administration takes major step toward dismantling Education Department
Six new agreements signed by the Education Department will effectively move billions of dollars in grant programs to other agencies.
Redistricting rift growing among Indiana Republicans as return to Statehouse delayed—for now
Votes in the Senate and House on Tuesday set Jan. 5 as the date lawmakers will start the new legislative session—not Dec. 1, as previously planned, to discuss redrawing congressional maps.
Sharp disagreements over economy threaten Federal Reserve interest rate cut
The differences have been exacerbated by the government shutdown’s interruption of economic data, a particular challenge for a Fed that Chair Jerome Powell has often described as “data dependent.”
Judge formally approves Purdue Pharma opioid settlement, with Sacklers paying up to $7B
Thousands of victims of the opioid epidemic could be paid thousands of dollars each, with a portion of the money distributed next year to some people who had OxyContin prescriptions and their survivors.
In long-polluted Martindale-Brightwood, residents challenge new data center proposal
In the wake of industrial pollution, the historically Black neighborhood has recently undergone a transformation. Now, residents worry that progress could be in jeopardy.
Energy growth task force talks data centers, power demand
One developer blamed opaque processes and bad information for fostering massive backlash among residents.
Cloudflare outage impacts thousands, disrupts transit systems, ChatGPT, X and more
Cloudflare works behind the scenes to make the internet faster and safer, but when problems flare up it can result in “massive digital gridlock” for internet users.
TechPoint CEO Ting Gootee to depart at year’s end
Gootee, who has held the top job at TechPoint since May 2022, is stepping down to take positions with the Central Indiana Corporate Partnership and Crossroads Health Ventures.
Zoo to remove pair of rides to make way for new exhibit space
The attractions generate little or no revenue and are expensive to maintain, the Indianapolis Zoo’s CEO said.
Borshoff co-owner, CEO to retire after 10 years at helm
Karen Alter, who has been with the locally owned marketing firm for nearly 30 years, will step down next year.
Attorney general sues over health code violations at massive Castleton apartment complex
The landlords of a 1,261-unit apartment complex that has twice been sold at state record prices are accused of endangering tenants by failing to address unsafe conditions.
Newfields to replace parking lot with $10M flower and vegetable garden
Newfields plans to add a flexible-use pavilion, elevated viewing area, grotto and reflecting pools for the attraction, which is expected to open in fall 2026.
EPA moves to limit scope of clean water law to reduce amount of wetlands it covers
Environmentalists slammed the proposal as a giveaway to industry by President Donald Trump.
