Gov. Mike Braun signed an executive order for state agencies to keep businesses in mind when setting environmental rules. That directive could soon materialize in changes to rules governing the Indiana Department of Environmental Management.
Shares in Indianapolis-based Eli Lilly and Co., a rival to Novo Nordisk in the weight-loss market, also fell after the announcement, dropping 7.8% Thursday.
Local Democrats who have a stronghold on Indianapolis generally oppose intervention from the Republican supermajority that passes policies at the Indiana Statehouse, but Indianapolis Republicans are willing to invite it.
Indiana lawmakers are considering legislation to lower houses costs by removing restrictions from the permitting process. Local governments worry the measure takes decision-making power away.
