Somerset Cloud gets name change, new majority owner
The company founded as Somerset Cloud last year has a new name, majority owner and an even higher growth curve than originally projected.
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Hale raises more money than Spartz in third quarter in 5th District battle
Indiana 5th Congressional District Democratic candidate Christina Hale raised more than $600,000 more than her Republican opponent during the third quarter, according to campaign finance reports released Thursday.
New corporate pledges strive to give equity efforts staying power
The Indy Racial Equity Pledge, launched Oct. 8, details what nine Indianapolis-area employers plan to do to improve racial equity within their organizations, the Indianapolis area, and beyond.
Trump, Biden show differences in distant, dueling town halls
President Donald Trump and Democrat Joe Biden took part in competing town halls Thursday that offered a jarring contrast of their opposing political styles and approaches to major issues.
Next big challenge for NCAA is restructuring Division I
A survey of college sports leaders by the academic watchdog Knight Commission found strong support for reforming the way Division I is governed (74%) and restructuring D-I altogether (73%). NCAA Division I is comprised of 351 schools.
City, Mind Trust to spend $88,000 to extend virtual learning pods
The additional funding—$24,000 from the city and $64,000 from the Mind Trust—will keep three of the 14 community learning sites open through the fall semester.
Pelosi, Mnuchin cite progress in relief talks, but eye obstacles with Senate Republicans
The rapidly developing changes came late Thursday after a nearly 90-minute conversation between the two negotiators. They both cited progress in resolving one of Pelosi’s top demands, for a national strategic testing plan to better detect the coronavirus.
Stocks fall on Wall Street as coronavirus spreads in Europe
Wall Street has turned cautious this week amid a confluence of worrisome trends for the economy, which is still hampered by the pandemic.
Kamala Harris suspends travel after staffer tests COVID-19 positive
The travel suspension interrupts the Biden campaign’s aggressive push across a wide battleground map, including North Carolina and Ohio, the next two states Kamala Harris was scheduled to visit.
Eli Lilly to acquire biotech firm in deal that could grow to more than $1.3B
Eli Lilly and Co. on Thursday announced that it has agreed to acquire Disarm Therapeutics, a private biotechnology company that is developing therapies that could be used to treat multiple sclerosis, glaucoma, Alzheimer’s disease and ALS.
U.S. Department of Defense picks Indiana for satellite hypersonics research facility
The Joint Hypersonics Transition Office Systems Engineering Field Activity hub will be located at Naval Surface Warfare Center in Crane. A team of 30 engineers and program managers will be based there to support the program.
IndyGo adds two sites to list of possible property purchases
IndyGo has been evaluating possible expansion sites around the city in recent months because it has run out of room at its West Washington Street headquarters.
Indiana reports another daily high for COVID-19 cases
The state also reported 23 additional deaths from COVID-19, the eighth time in the past 10 days in which deaths have been in double digits.
Holcomb tests negative for COVID-19
Indiana Gov. Eric Holcomb was tested “out of an abundance of caution” after Indiana State Health Commissioner Dr. Kristina Box tested positive earlier this week.
Senate Judiciary sets vote on Barrett’s nomination for high court
The Senate Judiciary Committee on Thursday set an Oct. 22 vote on Amy Coney Barrett’s Supreme Court nomination as Republicans remained on track to confirm President Donald Trump’s pick before the Nov. 3 election.
Initial unemployment claims rise nationally, make big jump in Indiana
In Indiana, 28,864 people filed initial unemployment claims in the week ended Oct. 10, a surprisingly high increase of 186% that the Department of Workforce Development said might be partly due to a technicality.
Ex-Cook Group execs to launch life sciences startup in Fishers
The new company, contract drug developer INCog Biopharma, plans to build a $60 million facility and hire up to 150 workers by the end of 2024.
Senate Judiciary to consider Barrett ahead of vote next week
The Senate Judiciary Committee is poised to take the first steps toward approving Supreme Court nominee Amy Coney Barrett following two long days of Senate testimony in which she stressed that she would be her own judge.
Indy, other Hoosier cities land nearly two dozen NCAA title events
The Indianapolis-based NCAA announced its site selections for more than 450 events through 2026 on Wednesday afternoon.
Bank profits remain resilient despite lingering pandemic
The health of the banking sector is a proxy for the U.S. economy, since the banks’ fortunes largely rise or fall depending on whether borrowers are repaying their debts.