With Indianapolis 500 at full throttle, business is booming again
Locals don’t need studies to reinforce what they already know—this month is revving up to be the best fiscal May since the 100th running of the race in 2016.
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Penske ready for 300,000 guests in a full-capacity Indy 500
Roger Penske will at last be able to open the Indianapolis Motor Speedway to a capacity crowd this Sunday for his first true Indianapolis 500 since buying the property in 2020.
Indiana governor eyes ‘inflationary relief,’ not gas tax cut
Indiana Gov. Eric Holcomb said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump.
Congressional Budget Office says inflation to last into 2023
The nonpartisan agency expects the consumer price index to rise 6.1% this year and 3.1% in 2023, above a long-term baseline of 2.3%.
Fed officials signal rates might head to ‘restrictive’ levels
Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.
FDA chief struggles to explain slow response on baby formula
The FDA and President Joe Biden face mounting political pressure to explain why they didn’t intervene sooner to head off the supply crisis.
Gainbridge extends deal as presenting sponsor of Indy 500
The Indianapolis 500 will be presented by Gainbridge for the next several years under a contract extension announced Wednesday with the online investment platform.
Indiana Fever fire Stanley as coach after 2-7 start
Marianne Stanley brought a Hall of Fame resume to the Fever bench, but her teams won just 14 games in a little more than two seasons.
Purdue, Rolls-Royce ink $75M deal for testing propulsion tech
Purdue President Mitch Daniels said the partnership “will address some of the greatest technology challenges facing the U.S.” and “ensure long-term national security.”
Lilly to anchor state’s new innovation district with $2.1B in manufacturing facilities
The Indianapolis-based drugmaker said Wednesday the project in Boone County will create up to 500 jobs in central Indiana, along with up to 1,500 temporary construction jobs.
Vaccines might not prevent many symptoms of long COVID, study suggests
This week, the Centers for Disease Control and Prevention released new estimates of the syndrome’s toll in the United States, suggesting it affects one in five adults younger than 65 who had COVID, and one in four of those aged 65 and older.
Two ‘secret children’ of ex-Indy fertility doctor sue Netflix for revealing identities
The Marion County women, who discovered they were among the nearly 100 “secret children” of a former Indianapolis fertility doctor, have filed lawsuits against the producers of the popular Netflix documentary “Our Father.”
Social media hammered by mounting questions over advertising
Social media companies are competing for the same pool of advertising money that is increasingly under threat from spiking inflation and also changes at Apple Inc. that can restrict the information social media platforms can collect on users, a big selling point for advertisers.
NCAA survey shows mental health still concern for athletes
A survey of college athletes by the Indianapolis-based NCAA suggests that rates of mental exhaustion, anxiety and depression remain as much as twice as high as pre-pandemic levels, but feelings of hopelessness have improved.
Incentive deal for Kokomo battery plant the largest in state history
The Indiana Economic Development Corp. laid out a substantial incentive package to lure the joint venture, with tax credits and investments totaling at least $186 million.
Developer proposes 358-unit apartment project at Noblesville’s Hyde Park
Hyde Park Towns and Flats would be built on 17.4 acres of land west of Hamilton Town Center at the southwest corner of East 141st Street and Brooks School Road.
Andrea Morehead drops discrimination lawsuit against WTHR
The longtime news anchor’s lawsuit alleged that she had been harassed and mistreated by colleagues and managers as she waged a public battle with breast cancer.
Solar power from Duke Energy to help power new Kokomo battery plant
Stellantis officials said the clean energy requirement was a critical part of the agreement to locate the operation in Indiana.
Indiana lawmakers override governor’s veto of trans sports bill
State senators voted 32-15 in favor of overriding Gov. Eric Holcomb following the same action in a 67-28 vote by the House earlier in the day.
Stellantis plans $2.5B electric-vehicle battery plant in Kokomo, 1,400 jobs
The companies said the investment could grow to $3.1 billion as Stellantis—formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot—ramps up production of electric vehicles.