Developer plans $32M senior housing project sandwiched between St. Vincent, 86th and Ditch
Indianapolis-based Birge & Held envisions a 160-unit apartment community for seniors of limited means on roughly 3.3 acres at 1621 W. 86th St.
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Elanco unveils plans for new ‘epicenter of animal health innovation’
Elanco Animal Health Inc. on Tuesday broke ground and shared new designs for its planned $100 million-plus global headquarters at the former General Motors Stamping Plant site just west of downtown Indianapolis.
Biden waiving ethanol rule in bid to lower gasoline prices
Administration officials said the EPA has begun analyzing the “emergency” step of allowing more E15 gasoline sales for the summer and determined it is not likely to have significant on-the-ground air quality impacts.
U.S. inflation jumped 8.5% over past year, highest since 1981
Even excluding volatile food and energy prices, which have driven overall inflation, so-called core inflation jumped 6.5% over the past 12 months, the biggest such increase since 1982.
Honda outlines $40B strategy to forge ahead on EVs
Efforts in North America will focus on the collaboration with General Motors Co., under which Honda Motor Co. is jointly developing two midsize to large EV models, set for sale in 2024.
Zuckerberg money won’t be in next round of aid for elections
The not-for-profit that distributed most of the $350 million in donations from Facebook founder Mark Zuckerberg to election offices in 2020 said Monday that it won’t disburse similar donations this year after backlash from conservatives.
Pacers start long offseason looking to overhaul roster
After posting a second straight losing record at home, missing the NBA playoffs for the first time in seven years and recording their fewest wins in a season since 1984-85, the Pacers are embarking on their biggest offseason overhaul in years.
Fever take two Baylor players, former Indiana Miss Basketball in draft
The Fever went into Monday night’s three-round draft with seven picks overall and ended up with two players from Baylor and one each from Louisville, Stanford, Jackson State, South Carolina and Indiana University.
Tanya Bell Mckinzie to exit Indiana Black Expo leadership role
Alice Watson, Indiana Black Expo’s senior vice president of operations and project management, was named as Mckinzie’s successor.
Five families file suit against FedEx, security firm nearly a year after mass shooting
The shooting occurred at a FedEx Ground facility near the Indianapolis International Airport on April 15. Brandon Hole, a former employee, shot and killed eight people within minutes, before turning a gun on himself.
Lilly says it will push ahead on Alzheimer’s drug
The push by Eli Lilly and Co. will come despite an unfavorable ruling last week from Medicare that sharply restricts reimbursements for a drug in the same class.
Former state senator Waltz pleads guilty to felony campaign finance violations
Former state Sen. Brent Waltz pleaded guilty on Monday to two felonies related to an FBI investigation into his role in receiving illegal campaign donations from a casino.
Treasurys slump ignites global selloff as rate hikes gain focus
Long-term U.S. Treasury yields jumped to a three-year high on Monday, fueling a global rise in borrowing costs as traders intensified bets on aggressive rate hikes from major central banks.
Tesla CEO Elon Musk won’t join Twitter’s board after all
While Musk has been one of Twitter’s loudest critics, the sudden withdrawal from the board, which became official Saturday, could signal that relations between Musk and Twitter will become more acrimonious.
Efforts to make protective medical gear in U.S. falling flat
Many companies that began producing personal protective equipment with patriotic optimism have scaled back, shut down or given up, according to an Associated Press analysis based on numerous interviews with manufacturers.
Once a retail giant, Kmart down to just three stores
Kmart’s demise is attributed to the rise of Walmart and Target and online behemoth Amazon. But retail expert Mark Cohen says the company also was dogged by poor management decisions and could have stayed viable.
IBJ Podcast: Lebanon’s millennial mayor navigates path between charm, change as state seeks land
Matt Gentry talks with host Mason King about balancing the need for Lebanon to embrace change with efforts to ensure the Boone County community retains its character.
U.S. inflation might peak in March, but it’s a slow go to Fed’s 2% goal
The Fed last month kicked off what’s expected to be a series of interest rate hikes to tame inflation, but the efforts to temper demand will take time to materialize.
The next leap in coronavirus vaccine development could be nasal spray
Many scientists are rethinking their strategy about the best way to fight future variants, by aiming for a higher level of protection: blocking infections altogether. If they succeed, the next vaccine could be a nasal spray.
Accounts deceivable: Email scam costliest type of cybercrime
Business Email Compromise scams get far less attention than the massive ransomware attacks that have triggered a powerful government response, but they siphon untold billions from the economy as authorities struggle to keep up.