130 countries back deal on global minimum tax for companies
The agreement announced Thursday is an attempt to address challenges presented by a globalized and increasingly digital world economy in which profits can be relocated across borders.
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Does new Alzheimer’s drug work? Answer might be 9 years away
Drugmaker Biogen has until 2030 to complete a study confirming whether its new drug Aduhelm truly slows the brain-destroying disease. That’s under the terms of the Food and Drug Administration’s conditional approval of the drug.
New auto sales, prices rise as chip shortage cuts U.S. supply
Consumers desperate for new vehicles often paid over the sticker price, pushing the average sales price in June above $40,000 for the first time, according to J.D. Power.
Governor to lead business development trip to Qatar
Indiana’s delegation is scheduled to leave Indianapolis on Monday, July 5, and return Friday, July 9.
Governor extends Indiana’s COVID-19 emergency through July
The governor pointed out that Indiana’s fully vaccinated rate of 48% ranks the state 38th in the country — and that 98.5% of new COVID-19 infections are among unvaccinated people.
Indiana Members CEO to retire after 37 years with credit union
President and CEO Ron Collier has managed 33 mergers and acquisitions at Indiana Members Credit Union since 1985.
We hate the office. We love the office. Do we want to go back?
A Gallup poll taken between October and April found that 40% of white-collar workers would prefer to continue working remotely as much as possible, while 21% would rather return to the office (and 29% were not working remotely, while the rest didn’t want to go back because of coronavirus concerns).
State reports 249 more COVID-19 cases, five new deaths
Statewide hospitalizations due to COVID-19 dipped from 408 on Tuesday to 404 on Wednesday.
House passes $700B transportation and water bill, making its pitch on infrastructure
The package provides $343 billion for roads, bridges and safety programs, $109 billion for transit agencies and $95 billion for rail. It also includes $117 billion for drinking water programs and $51 billion for wastewater infrastructure.
Judge blocks new Indiana law aimed at teachers unions
Three Indiana teachers unions filed a federal lawsuit in June seeking to block the new requirement. They contend the law unfairly targets teachers and makes it harder for their unions to collect dues.
Supreme Court upholds Arizona voting restrictions
The Supreme Court decision affirmed state rights to set its own voting rules and could make it harder to challenge other voting limits put in place by Republican lawmakers following last year’s elections.
Worried about inflation? Check paystubs, not just pump price
In terms of inflation, which is the bogeyman for investors right now, a big and sustained gain in wages would be even more dangerous than the price spikes already seen for oil and other commodities.
U.S. manufacturing activity grew, but at slightly slower rate in June
June was the 13th consecutive month manufacturing has grown after contracting in April 2020, when coronavirus fears triggered business shutdowns across the country.
U.S. jobless claims fall to 364,000, a new pandemic low
Last week’s drop in jobless claims nationally was steeper than economists had expected. Applications for unemployment benefits have now fallen in 10 of the past 12 weeks.
Celebrity chef Fabio Viviani to open Italian restaurant in Carmel
Chicago-based Fabio Viviani Hospitality Group is partnering with Giant Eagle’s Market District to open Osteria Carmel in the former Table by Market District space.
To mask or not? Some Indiana schools say no while others aren’t sure yet
As decisions on COVID restrictions fall to local Indiana school boards this week, many have elected to stop requiring masks, while others are waiting for more public health guidance.
Appeal seeks to let Indiana quit federal jobless programs
The state Department of Workforce Development said it was determining how to resume the federal programs if the judge’s order remains in place.
NCAA clears way for athlete compensation as state laws loom
The NCAA Board of Directors approved one of the biggest changes in the history of college athletics Wednesday, clearing the way for nearly a half-million athletes to start earning money based on their fame and celebrity.
Explained: The NCAA and impact of NIL compensation
Here are some questions and answers about “NIL,” the shorthand most commonly used for athlete compensation tied to use of their name, image or likeness.
How much money will flow to college athletes? It’s anybody’s guess
Just how much of a market there might be for so-called “name, image and likeness” compensation is unknown, but the next few months will say a lot.