IEDC works with accelerator to bring startups to Indiana
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
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Two Democratic senators oppose Powell as Fed chair
Their opposition comes as President Joe Biden is expected to announce within days whom he will choose for the nation’s most powerful economic position.
Fired exec at Community Health can pursue retaliation lawsuit, judge rules
U.S. District Judge Richard Young this week threw out most of Community Health’s motion to dismiss a lawsuit brought by Thomas Fischer, who served as the hospital system’s chief financial officer for eight years before he was fired in 2013.
Milhaus selling portfolio of local apartment properties for $82M
Totaling 331 units, the apartment complexes are located in Meridian-Kessler, Fountain Square and downtown.
FDA approves COVID boosters to all adults; final hurdle ahead
There’s one more step: The Centers for Disease Control and Prevention must agree to expand Pfizer and Moderna boosters to even healthy young adults. Its scientific advisers were set to debate later Friday.
Here’s what’s inside Dems’ massive social and climate measure
The 2,135-page bill includes universal preschool, funding to limit child care costs, expanded health care programs and a one-year continuation of a child tax credit, among many other provisions.
U.S. House passes $2T-plus spending package to expand social benefits, fight climate change
The measure adopted Friday amounts to a dramatic re-envisioning of the role of government in Americans’ daily lives. It still must survive an even tougher political slog in the days ahead.
IEDC hires consultant to study state’s entrepreneurial ecosystem
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
House moves toward OK of Dems’ sweeping social, climate bill
House approval is expected Friday on a near party-line vote. That would send the measure to a Senate where cost-cutting demands by moderate Sen. Joe Manchin, D-W.Va., and that chamber’s strict rules seemed certain to force significant changes.
Area existing-home sales tumble 8.7% as prices escalate
Sales of existing homes in central Indiana fell for the third time in four months in October amid skyrocketing prices and tight inventories.
Prices for Thanksgiving dinner items in Indiana surging this year
The Indiana Farm Bureau is out with its annual Thanksgiving market basket survey and it shows Hoosier shoppers can expect to spend about 12% more at the grocery store this year than in 2020 for the family feast.
New Big Woods restaurant announced for Fashion Mall
Shoppers can expect the Brown County-based restaurant to open in the Fashion Mall at Keystone in spring 2022.
CVS Health to close hundreds of drugstores
The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its roughly 10,000 retail locations as it reduces store count density in some places.
Monument Circle concerts set for college football championship weekend
Rapper Doja Cat, rock duo Twenty One Pilots and country vocalist Sam Hunt will headline three days of free concerts scheduled Jan. 8-10 in the open-air setting of Monument Circle.
NCAA women’s basketball tournament expands to 68 teams
The tournament is expanding beginning with the current season, giving it an equal number of participants as the men’s tournament as part of a concerted effort at gender parity.
Fishers-based Formstack lands record $425M equity investment
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
Indiana Avenue advocates say interstate plans key to revitalization
Groups that hope to see revitalization in the Indiana Avenue neighborhood are paying close attention to how future interstate construction projects will affect the area.
U.S. unemployment claims drop for seventh straight week
Overall, 2.1 million Americans were collecting traditional unemployment checks during the week that ended Nov. 6, down by 129,000 from the week before.
Rising prices threaten profit margins at food companies
As food producers raise prices, grocers and restaurants are passing the increases along to consumers for the most part, rather than have them chip away at profit margins. That strategy might not work much longer, several analysts said.
Pfizer, U.S. ink $5.29B deal for possible COVID-19 treatment
Pfizer asked the Food and Drug Administration on Tuesday to authorize emergency use of the experimental pill, which has been shown to significantly cut the rate of hospitalizations and deaths among people with coronavirus infections.