Elanco says it’s buying Bayer division for $7.6 billion
The purchase would swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
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Brand-name drug prices rising at slower pace, lower amounts
After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of drug prices.
Teachers give Holcomb’s commission ideas for increasing pay
The Next Level Teacher Compensation Commission is tasked with conducting research, receiving feedback and providing a report to Gov. Eric Holcomb and state lawmakers before the 2021 legislative session.
Top U.S. CEOs rethink meaning of shareholder value
The Business Roundtable, a group that represents the most powerful CEOs in America, has released new principles on the role of a corporation that imply a foundational shift.
Carmel City Council considers proposal to regulate parade seat-saving
The ordinance aims to control a longtime city tradition that has grown out of hand, city councilors said.
Central Indiana home builders snap 7-month slump with big July
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
Global gas manufacturer seeks $2M tax break on $38.3M project
An affiliate of Germany-based Messer Group wants to build a new facility on the south side of Indianapolis for making atmospheric gases for health care providers, food processors, and glass and metal fabricators.
IU approves new art school based on modernist’s unbuilt design
The new home of Indiana University’s art school in Bloomington will be modeled after an unbuilt fraternity house a famed modernist architect designed in the 1950s.
Caito Foods to close Fresh Kitchen operations, eliminate 53 workers
Produce company Caito Foods LLC is set to shut down its Fresh Kitchen operations in Indianapolis, less than three years after opening the $32 million facility.
Department of Revenue ready to launch new online tax portal
The first phase in the rollout of the online system will allow corporations, not-for-profits and other businesses to register for e-services, view tax documents, file and amend tax returns and pay taxes.
IBJ Podcast: Is the historic Drake building worth saving?
IBJ reporter Hayleigh Colombo talks to host Mason King about the museum’s plans to raze the 91-year-old apartment building and why historic preservationists and transit advocates want to save it—and prevent the museum from using the space for parking.
Economists survey: 74% expect U.S. recession by end of 2021
The economists surveyed were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result.
Indiana State Fair wraps up with slight increase in attendance
Storms and severe weather warnings held back crowds at the Indiana State Fair on closing weekend.
Indianapolis Fire Department suspends lawmaker facing charges
The department said Friday that Indiana Rep. Dan Forestal, D-Indianapolis, has been suspended for 240 duty hours and remanded to an employee assistance program.
Indiana lawmaker under fire for posting noose picture
A state representative who posted nooses under a Facebook story about a black man pleading guilty to rape is drawing criticism for using racist imagery.
Judgment for sign company in digital billboard fight reversed
A judgment in favor a sign company that converted a large billboard in Lawrence to a digital display was reversed on appeal Friday.
IPS could shed more property to cut costs, boost efficiency
The district next month plans to issue a request for proposals for a comprehensive study of all 71 of its schools and other buildings.
Fishers firm vying for big federal student-financing contract
A team of financial technologists has its sights on a U.S. Department of Education contract that could bring at least 300 jobs to the city and further central Indiana’s role as a student-financing hub.
Should this building be saved?
Historic preservationists and midtown neighborhood leaders don’t want to lose the Drake apartment building that its owner, The Children’s Museum of Indianapolis, plans to raze.
Audio-products maker Klipsch rocking as parent struggles
The manufacturer has reinvigorated its product line, brokered new partnerships, and greatly expanded its sales footprint, but the tune from parent New York-based Voxx International Corp. is far less melodic.