Esports is exploding. Can Indianapolis capitalize?
Both the city and state could become players in the emerging billion-dollar worldwide industry.
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KAR shares rise 40% after Carmel firm says it will sell ADESA
The Carmel-based auction services company declined to say how many of its 1,000 employees in Indiana would be affected by the transaction. But it said the buyer—Carvana Co.—will not require any employees to relocate.
IndyGo kicks off work on two-year, $188M Purple Line project
Nearly 70% of the total cost is set aside for infrastructure improvements, including sidewalks and stormwater drainage.
Grosjean, Penske and Indy 500 top IndyCar’s fan survey
The series said Friday it received 53,579 responses to its Global Fan Survey, designed to gauge fan opinion on everything from the on-track product, the venues and how IndyCar can reach a larger audience.
Philly-based sports betting exchange eyes 2023 launch in Indiana
Sporttrade Inc. offers users a betting exchange through which they can trade sports bets as if they were stocks.
Key inflation gauge hit 6.1% in January, highest since 1982
Robust consumer spending has combined with widespread product and worker shortages to create the highest inflation in four decades—a heavy burden for U.S. households, especially lower-income families faced with elevated costs for food, fuel and rent.
Under fire for high prices, IU Health says it will invest $1B in community health programs
The health system said the funding plan will “support community health initiatives and education and workforce development programs statewide, including neighborhoods around its downtown Indianapolis campus.”
Legislators vote to ban some officeholders from being Marion County party chair—but not themselves
A Democrat-authored amendment aimed at ousting Marion County Democratic Party Chair Kate Sweeney Bell made it a step further this week when the Indiana House approved the elections bill it’s tacked onto. And the bill leaves the door open for state legislators to pursue her job.
J&J, distributors finalize $26B landmark opioid settlement
Indiana stands to collect up to $507 million from the deal if communities opt into the state’s settlement under pending legislation in the Indiana General Assembly, according to the state attorney general’s office.
AES Indiana to shut down coal-fired units by 2025, parent says
The parent of electric utility AES Indiana announced Friday morning it plans to give up coal as a fuel source, a move likely to lead to the early shutdown of coal-fired units at its massive Petersburg Generating Station.
Sources: Biden to nominate Ketanji Brown Jackson for Supreme Court
In Jackson, Biden delivers on a campaign promise to make the historic appointment and to further diversify a court that was made up entirely of white men for almost two centuries.
Indiana regulators approve settlement cutting I&M electric rates
State regulators have approved a settlement with Indiana Michigan Power under which the utility will cut its Indiana residential customers’ base electric rates nearly 6% by next year.
CDC to significantly ease pandemic mask guidelines
The new policy comes as the Biden administration moves to shift its focus to preventing serious illness and death from COVID-19, rather than all instances of infection, as part of a strategy adjustment for a new “phase” in the response as the virus becomes endemic.
Justice Department sues UnitedHealth over nearly $8B deal
The U.S. Department of Justice said Thursday that the proposed deal for Change Healthcare would hurt competition and give UnitedHealth Group—which is a competitor to Indianapolis-based Anthem Inc.—access to sensitive claims information from competitors.
Fed governor says bigger rate hike in March might be needed
The debate over how quickly to raise interest rates is being closely watched by financial markets and also could have an impact on the broader economy.
Treasury: Most COVID rental aid went to low-income residents
The Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households.
Carmel-based KAR Global agrees to sell ADESA auction unit to Carvana to focus on digital marketplace
About 4,500 employees of ADESA and KAR will be transferred to Carvana as part of the sale. That’s just under 50% of the company’s total head count. According to IBJ research, KAR has about 9,600 employees worldwide and 1,150 employees in Indiana.
Pacers’ revised roster faces different challenge after break
For the Indiana Pacers, this is a stark departure from standing operating procedure.
Indiana State Police leader blasts GOP on gun permit repeal
A proposal that could ultimately repeal Indiana’s handgun permit requirement remained alive in the Legislature on Thursday despite the objections of major law enforcement groups and officials, including the head of the State Police.
Fewest Americans collecting unemployment aid since 1970
A winter spike in coronavirus infections briefly tripped up the country’s rebound from 2020′s virus-caused recession, but employers appear confident in long-term growth and are eager to hire.