China strikes back at Trump tariffs with 15% levies targeting farmers
The Chinese tariffs, announced last week, were a response to Trump’s decision to double the levy on Chinese imports to 20% on March 4.
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Stock sell-off worsens as Wall Street wonders how much pain Trump will accept for economy
The worry is that the whipsaw moves will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-freezing paralysis.
Ontario slaps 25% tax increase on electricity exports to U.S.
Ontario provides electricity to Minnesota, New York and Michigan. Quebec is also considering taking similar measures with electricity exports to the U.S.
Automakers want to start banks, hoping to benefit from lighter-touch rules
In addition to the three U.S. carmakers, several other nonfinancial businesses are interested in seeking regulatory permission to launch their own banks.
Indianapolis Pizza Festival to debut this summer on Monument Circle
TikTok food critic Tommy Barrett wants to find the best pizza in Indiana during a summer festival on Monument Circle.
State revenue collections continue to exceed projections
The Indiana State Budget Agency noted that higher-than-expected collections from income tax revenue outweighed lower-than-expected collections from sales tax and interest revenue.
Sen. Young: US must prevail in AI race against China
Speaking at IBJ’s Technology Power Breakfast on Monday, U.S. Sen. Todd Young of Indiana also discussed the challenge of striking a balance between encouraging innovation in artificial intelligence and developing necessary guardrails.
Rubio says purge of USAID programs complete, with 83% of agency’s programs gone
Secretary of State Marco Rubio said the programs “spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States.”
Small town spirit: How Indiana’s rural communities are working to reverse population losses
More than 70% of Indiana’s counties, many of which are rural and also lost population in the 2020 census, are expected to lose residents over the next 30 years.
IBJ Podcast: Tech founder on building teams, loving pivots, fostering startup hustle in high schools
Scott Lingle, the co-founder of fast-growing Remodel Health, took a big leap at an age when most folks are getting more conservative. Now he’s helping hundreds of local high schoolers learn to launch businesses.
Hamilton County Tourism promotes long-time employee to CEO
Karen Radcliff, who most recently served as the organization’s vice president and chief strategy officer, was appointed by the Hamilton County Tourism board of directors to lead the nonprofit.
Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
On Wall Street, it was a tough week with wild swings dominated by worries about the economy and uncertainty about Trump’s tariffs.
Facing competition from Big Tech, states dangle incentives, loosen laws to attract power plants
The spike in demand for electricity is being driven, in large part, by the artificial intelligence race as tech companies are snapping up real estate and seeking power to feed their energy-hungry data centers.
Riley Children’s Foundation unveils $300M fundraising campaign, its largest in history
The Riley Children’s Foundation unveiled the campaign, called “Every Child Deserves Riley,” during its Red For Our Kids Gala on Saturday. The effort has seen early success—they’ve already quietly raised two-thirds of the goal.
New EPA guidance says spending items greater than $50,000 must get OK from DOGE
The guidance, issued this week, escalates the role that the new efficiency group, known as DOGE, plays in EPA operations.
Construction managers say uncertainty, demand keep most prices high
The labor pinch has affected several developments across Indianapolis, with some builders shuffling projects to accommodate subcontractor availability, a few halting the start of work altogether and others forging ahead after securing additional capital to pay higher prices.
Christel House launches first major expansion since DeHaan’s death
Over the next two decades, the organization plans to add at least 9,100 students to its K-12 schools worldwide, more than doubling the 6,440 students and recent graduates still being mentored at nine schools in five nations now.
Zepbound raises profile of Lilly’s direct-to-consumer sales initiative
Indianapolis-based Eli Lilly and Co. launched LillyDirect a little more than a year ago and has been ramping up efforts to connect directly with consumers on the platform since.
Q&A with Michael Collins: An unconventional path to a high-tech career
“I’ve had many mentors at this point—well-established engineers and professionals—and they have helped me learn a lot. And I think a lot of the things that I’ve learned from them are a lot more applicable than some of the things I would have had to learn in school.”
Horizon League preps for tournament, growth
The Indianapolis-based Horizon League is set to wrap up its men’s and women’s basketball tournament at the Indiana State Fairgrounds next week.