Lilly earns more than expected but misses revenue expectations on key drugs
Eli Lilly and Co. easily topped earnings expectations in the third quarter, but shares in the Indianapolis-based drug company tumbled nearly 5 percent Wednesday morning.
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Anthem 3Q profit jumps 23%, helped by enrollment gains
The Indianapolis-based insurer raised its 2019 forecast after attracting more customers covered by Medicare Advantage and Medicaid.
Company to open $24M hemp-extraction facility in Westfield, hire 40
BDX-Indiana, a sister company to Indianapolis-based Biodynamic Ventures, plans to create more than 40 jobs at the facility that pay an average of $70,000 per year.
IPS teachers could see raises as high as $9,400 under tentative contract deal
Teachers across the district would see substantial pay increases under the proposal, with the district’s starting salary for teachers rising to $45,200 this school year, according to a union official.
Bosma, Long recall conversations with Hill about sexual misconduct allegations
House Speaker Brian Bosma, former Senate President Pro Tempore David Long and numerous people who attended the infamous party at A.J.’s Lounge in May 2018 testified Tuesday at Attorney General Curtis Hill’s attorney discipline case.
U.S. highway deaths fall for second straight year
While traffic deaths have fallen, the National Highway Traffic Safety Administration reported 6,283 pedestrian deaths, the highest total in 28 years. Pedestrian fatalities have risen about 53% since 2009.
Fired Indianapolis Catholic school counselor files lawsuit
Shelly Fitzgerald’s federal lawsuit names the Indianapolis archdiocese and Roncalli High School as defendants.
Indiana sues distributors in opioid epidemic
One day after three opioid distributors reached a $260 million tentative settlement with two Ohio counties, Indiana Attorney General Curtis Hill filed a lawsuit seeking damages from the same three companies.
Ambrose files notice to sue city, says it has suffered at least $30M in damages
Ambrose Property Group says it intends to accuse the city of slander of title, defamation, tortious interference, fraud “and any and all other relevant tort claims.” The city contends it has acted properly.
In surprise turnaround, new analysis finds Alzheimer’s treatment might work
Seven months after clinical trials for a promising Alzheimer’s drug were halted and the treatment was declared a failure, a new analysis suggests it was actually effective, and the company that makes it plans to move forward in securing federal approval.
Nearly all states backing antitrust investigation into Facebook
A state-level antitrust investigation into the social network now has the backing of a bipartisan group of 47 attorneys general.
Autoworkers from closed plants prepared to fight new GM contract
Some workers question why union leaders agreed to let General Motors close three factories, wondering if corruption inside the UAW influenced the decision to side with the company.
ISO’s Leppard dies at 92
In his tenure as music director from 1987 to 2001, Raymond Leppard led the Indianapolis Symphony Orchestra on international tours and focused on producing recordings and radio broadcasts.
Survey: Many workers changing actions amid #MeToo movement
Roughly one-third of American workers say they’ve changed how they act at work in the past year, as the #MeToo movement has focused the nation’s attention on sexual misconduct and highlighted issues of racial and ethnic diversity.
Four local development projects picked to receive $35M in incentive funds
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
Developer of firehouse project in Butler-Tarkington eyeing start by year’s end
Third Street Ventures has received permits for nonstructural interior demolition of the former fire station near 56th and Illinois streets, but it hasn’t yet firmed up the building’s commercial use.
More choices, stable premiums expected for Obamacare next year
Nationally, consumers will have more health insurance choices next year under Obamacare, and premiums will dip slightly for many customers. In Indiana, however, premiums are expected to rise more than 10 percent.
Council approves $50,000 to explore film, music festival in Carmel
Carmel Mayor Jim Brainard and Nancy Heck, director of community relations and economic development, requested in September that the city’s 2020 budget include $425,000 to plan for the festival, which would feature music from the Carmel Symphony Orchestra and major studio movie premieres.
Carmel Council urges lawmakers, FCC to limit 5G technology deployment
The resolution follows several weeks of discussion among Carmel officials and residents, who have expressed concerns about the health and safety implications of 5G technology.
Council committee approves TIF designation for Twin Aire site
A City-County Council Committee on Monday recommended approval of a new tax-increment financing district for the Twin Aire neighborhood, which could lead to development opportunities in an area that will soon be home to the city’s new criminal justice complex.