Indianapolis-based Kite Realty Group Trust this week upgraded its outlook for the rest of 2021 after beating industry expectations with its second-quarter financial performance.
Eli Lilly and Co. passed up the chance to develop a vaccine and instead focused on making antibody treatments for patients who were already infected with the coronavirus. That turned out to be a financial whiff. Now all eyes will be on Lilly’s second-quarter earnings, which the company will release early Tuesday.
The multimillion-dollar project, in partnership with Purdue University and the Purdue Research Foundation, will expand aircraft engine testing facilities in both West Lafayette and Indianapolis.
A bill introduced last month in the U.S. Senate would add rules about how quickly donor-advised funds must distribute money to charity, but critics say the rules are unnecessary and could have the unintended consequence of hurting charitable giving.
The number of donor-advised funds in the United States, the amount contributed to these funds and the amount distributed to charity from them have all seen significant growth, with no signs of a slowdown.
The airport has added nearly 20 nonstop routes since the start of the year, a number that’s still shy of pre-pandemic levels but is a sign of recovery, at least in leisure travel.
There is strong evidence that Indiana is poised to capitalize on what might be one of the positive impacts of the pandemic—the migration of talent and capital out of traditional tech hubs as the work-from-anywhere culture takes shape.
Under Paydar’s leadership, IUPUI has expanded its footprint in downtown Indianapolis and has grown to include more than 550 undergraduate, graduate and professional degree programs from IU and Purdue University.
Former TV sportscaster Wil Hampton has represented the city’s District 4 since he was first elected in 2015. He has accepted a job as associate director of athletics for a Florida university.
None of the projects in Indy’s central business district has definitively been canceled since the pandemic began, IBJ research has found. In fact, three new downtown properties have opened since last December, with another three scheduled to debut later this year.
The groundswell of support for climate action can also be felt here in Indiana: More than half of Hoosiers now understand that human activity is a major cause of climate change, and nearly two in three registered voters say the state should play a major role in fighting it, according to recent polling conducted by The Nature Conservancy in Indiana.
The project focuses on whether wireless charging could be adapted for highway use, allowing electric vehicles to refresh their batteries while they drive along specially equipped stretches of road.
But the real estate investment trust might also face pushback from investors, largely because the acquisition follows five years of offloading dozens of debt-heavy properties.
Indianapolis’ newest publicly company, Point Biopharma Inc., is the latest player in a field expected to see explosive growth as doctors and researchers look for new ways to shrink tumors.
The project was given a final, and unanimous, approval by the city’s Metropolitan Development Commission—the last step necessary to allow the city to request the funds from the Indianapolis Bond Bank.
State officials argued in their court filings Monday that a Marion County judge “abused” his discretion last month by ordering Indiana to resume participation in the benefit programs.
