FDA begins sharing rejection letters drugmakers often kept secret
Investors have long asked the FDA to share its reasons for rejecting drugs, arguing that companies can use the agency’s silence on the matter to mislead the market.
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Whitestown distribution building housing Shein sold for $47M
The 565,500-square-foot structure becomes SkyREM’s only current holding in Indiana and one of the five largest in its 29-property portfolio.
Customers seeking deals give Amazon’s Prime Day, competing sales a solid start
Adobe Digital Insights, which tracks visits to e-commerce sites, reported that U.S. consumers spent $7.9 billion at online stores on Tuesday, a 9.9% increase from the comparable day last year.
Republicans urge Notre Dame, other universities to cut ties with China-backed scholarship program
Lawmakers called the program a threat to national security and a “nefarious mechanism” to steal technology for the Chinese government.
Senate confirms former Republic Airways CEO Bryan Bedford as new FAA administrator
Bedford—who stepped down as CEO of Carmel-based Republic Airways last week after more than 25 years in the position—was confirmed on a near party-line vote.
Trump announces 50 percent tariff on Brazil, citing former president’s trial
The tariff, effective Aug. 1, opens a new theater in Trump’s ongoing trade war, bringing into the fray Latin America’s largest economy, which had until now remained largely unscathed by the trade measures.
Nippon Steel looking to double its steel output in United States within 5 years
At U.S. Steel, Nippon Steel plans to invest $11 billion by 2028 to upgrade aging production facilities. The plan includes at least $3.1 billion in investments for the Gary Works mill in Indiana.
Indiana could miss out on hundreds of millions of federal funds under megabill
Some of the biggest funding reductions in the bill—like Medicaid reform—will be phased in, meaning it won’t immediately hit Indiana’s coffers.
IndyBar to host Supreme Court Justice Ketanji Brown Jackson
Jackson is expected to discuss her experiences on the nation’s highest court, her career in public service and her recently released book, “Lovely One: A Memoir.”
Dream Palace bookstore and coffee shop to close
Dream Palace Books & Coffee opened in October 2023 in a space where The Thirsty Scholar served customers from 2013 to 2018.
Restaurants, bars say they’re getting squeezed by rising music licensing costs
Businesses say the rising licensing costs have become overwhelming, and some question whether it’s even worth playing music at all.
Indiana Pacers announce Lucas Oil as new jersey patch sponsor
The automotive company succeeds Fishers-based startup Spokenote as the sponsor featured in the front left shoulder patch.
Job scams are rising and more people are falling for them, FTC says
Losses are underestimated because many people don’t report their experiences of job scams to law enforcement or government trackers.
Court blocks ‘click-to-cancel’ rule, intended to make canceling subscriptions easier
The rule was set to go into effect on Monday, but the U.S. Court of Appeals said the FTC made a procedural error by failing to come up with a preliminary regulatory analysis.
Chipmaker Nvidia becomes most valuable company in world at $4T
The poster child of the AI boom, Nvidia has surpassed Microsoft, Apple, Amazon and Google parent Alphabet in market value.
Cycling broadens IU physician’s influence on wellness and fitness
Dr. Chemen Neal of the Indiana University School of Medicine has taken her passion for cycling from a personal fitness pursuit to something deeper—a tool for meeting all sorts of people and promoting health and wellness.
Marian University begins work on $137M overhaul of former hospital campus
The project in the recently formed Riverside Education Innovation District centers on the renovation of the Larue D. Carter Memorial Hospital, which closed in 2020.
Fairbanks Foundation awards $13M to create new statewide apprenticeship program
The first students in the Career Apprenticeship Pathway, or INCAP, will start in fall 2026 and split time between school and the workplace.
Dozens of downtown businesses to offer WNBA-themed specials during All-Star Weekend
Nearly 30 local businesses across the city are offering limited-time deals and themed experiences during WNBA All-Star Weekend.
Video game performers vote on contract that could end nearly three-year-long battle over AI
If approved, the agreement will deliver pay raises, control over performers’ likenesses and artificial intelligence protections.