Macy’s planning to add 30 small-format stores in strip centers
The department store chain said Tuesday that it aims to add the new small-format locations through the fall of 2025, bringing the total number of such stores to roughly 42.
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Lilly buys radiopharmaceutical startup Point Biopharma for $1.4B
Eli Lilly and Co. is paying Indianapolis-based startup Point Biopharma $12.50 a share, an 85% premium over the company’s closing price on Monday of $6.68 a share.
Rep. Jerry Torr to retire from politics after 28 years in Indiana House
Torr, a Republican who represents portions of Carmel and Westfield, is chair of the House Judiciary Committee and vice chair of the House Joint Rules Committee.
Carmel mayoral candidates discuss city’s future in debate
Democrat Miles Nelson and Republican Sue Finkam faced off in a debate Monday night at the Palladium in Carmel.
West Lafayette council declares opposition to water pipeline
West Lafayette City Council members expressed a desire for more research from third parties and greater transparency from Indiana Economic Development Corp. officials, who they said have not approached them about the proposed pipeline.
Motion filed to oust U.S. House Speaker Kevin McCarthy
It’s a historic moment: the first time in more than 100 years that a lawmaker may actually force a vote using the legislative tool that has been threatened against other House speakers, but never fully employed to try to remove them.
Herff Jones’ graduation business acquired by East Coast firm
The deal gives Greenwich, Connecticut-based Atlas Holdings ownership of the Herff Jones Graduation Business, which includes Herff Jones’ Scholastic and Collegiate brand portfolios and related manufacturing and distribution operations.
GM furloughs workers at Indiana plant
The United Auto Workers strike against the Big Three automakers is once again having an effect on Indiana workers.
FDA rejects Lilly drug for eczema due to inspection issues at outside manufacturer
Eli Lilly and Co. just hit another bump in the road in its quest to push deeper into treatments for skin diseases, the third setback this year for the Indianapolis-based drugmaker from the U.S Food and Drug Administration.
UPDATE: Westfield Mayor Andy Cook out of hospital after COVID treatment
The fourth-term mayor, who is not running for reelection, was discharged from the hospital Sunday, the city announced Monday.
Cyndi Carrasco files to fill state senate seat
Indiana State Senate District 36, which includes portions of Marion County and northern Johnson County, was vacated last month after the unexpected death of Sen. Jack Sandlin, a longtime public servant.
Former Marsh store in Anderson being readied for Needler’s, Ace Hardware
Speedway-based development firm KennMar plans to invest up to $1.5 million in the project on the west side of Anderson.
Drivers buying new cars to replace older models, even with surging prices
New-car sales are up about 15% this year, with pent-up demand fueling sales. The strike has yet to put a crimp in supply or demand for new cars, but industry executives and dealers are growing wary.
Andretti Global clears first hurdle to join Formula One
Indianapolis-based Andretti Global and partner Cadillac must still prove their commercial value to F1 rights holder Liberty Media and the existing teams, which vehemently oppose expanding the 20-car grid.
State finalizing potential $15 billion in managed care contracts
The agency tasked with managing Indiana’s Medicaid program has recommended four different managed care entities as potential managers when the new program starts in July 2024.
IBJ Podcast: Phish fan, philanthropist builds huge wireless retail business, branches into cannabis
After building Fishers-based Round Room into one of the biggest private companies in Indiana, Scott Moorehead sniffed out cannabis as a simpatico business opportunity in Michigan.
Lafayette area officials take steps to protect water supply as IEDC considers 35-mile pipeline
Two state lawmakers are drafting legislation that would create a permitting process and require a deeper public review of any effort in the state to pump 10 million gallons or more per day from a community’s aquifer. Meanwhile, the West Lafayette City Council is poised to consider a resolution Monday night opposing the IEDC’s plans.
Budget experts recommend caution before Indiana considers tax overhaul
Key Indiana Republicans at a task force meeting heard tepid support on Friday for their hopes to cut or scrap the state’s individual income tax.
Federal student loan payments begin again this month after 3-year hiatus
Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. Here’s what you should know.
Congress averts shutdown for 45 days after last-minute scramble
A last-ditch effort on Capitol Hill on Saturday staved off a government shutdown with just hours to spare, as House Speaker Kevin McCarthy (R-Calif.), in an abrupt strategic reversal, offered a plan that won the support of nearly all Democrats and most Republicans.