Eli Lilly shares rise on Prevail acquisition, optimistic forecast
Lilly stock climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment.
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Upscale $66M apartment complex planned on Indianapolis’ northern edge
Initial plans for the development call for seven apartment buildings and a clubhouse, although an alternative plan includes two headquarters-type office buildings fronting Interstate 465.
Lilly acquiring gene therapy startup for up to $1 billion
Eli Lilly and Co. on Tuesday announced that it is buying New York-based Prevail Therapeutics Inc., an emerging player in the sizzling-hot area of gene therapies, which targets Parkinson’s disease and other brain-related maladies.
Westfield reworks Grand Junction Plaza design to avoid $13 million budget overrun
Bids for the Grand Junction Plaza, a six-acre park meant to spur economic development in Westfield’s downtown, came in higher than the city expected.
COVID-19 vaccinations ramp up as feds weigh second provider
U.S. officials reiterated their projection that 20 million Americans will be able to get their first shots by the end of December, and 30 million more in January.
Regulators homing in on social media companies’ data collection
The Federal Trade Commission is ordering Facebook, Twitter, Amazon, TikTok’s parent and five other social media companies to provide detailed information on how they collect and use consumers’ personal data and how their practices affect children and teens.
U.S., states crack down on scams bilking desperate Americans
Regulators on Monday unveiled what they are calling “Operation Income Illusion,” a yearlong nationwide law-enforcement sweep targeting the scammers. Consumers have lost an estimated $1 billion in the schemes since the start of 2020.
Electoral College makes it official: Biden wins election
The presidential electors gave Joe Biden a solid majority of 306 electoral votes to Donald Trump’s 232, the same margin that Trump called a landslide when he won the White House four years ago.
U.S. Supreme Court declines to hear Indiana birth certificate case
The court declined Monday to take up an Indiana case seeking to reverse a lower court’s ruling that allows both members of same-sex couples in the state to be listed as parents on the birth certificates of their children.
Big Ten football title game to be played without fans
The Big Ten Conference does not plan to sell general admission tickets for Saturday’s football title game at Lucas Oil Stadium in Indianapolis, instead limiting attendance to only the families of athletes and other team members.
U.S. agencies, companies secure networks after huge hack
The potential threat was significant enough that the Department of Homeland Security’s cybersecurity unit directed all federal agencies to remove compromised network management software and thousands of companies were expected to do the same.
Health care workers in Indiana begin receiving COVID-19 vaccinations
The first doses were administered to a physician, nurse, respiratory therapist, pharmacist, patient care tech and environmental services tech at Parkview Health in Fort Wayne shortly after noon, the state said.
Crunch time for COVID-19 relief as bipartisan bills unveiled
The dozen or so lawmakers sealed agreement on their COVID relief plan over the weekend and decided to offer two pandemic relief packages with varying price tags.
Jury trials suspended in Indiana until March because of pandemic
The Indiana Supreme Court on Monday handed down an order suspending jury trials statewide, citing “the need for drastic measures as COVID-19 continues to surge.”
Indy-area hospital systems band together to warn of ‘potential crisis’
In an unusual show of solidarity, officials from several major Indianapolis-area health care systems held a joint press conference Monday afternoon to issue dire warnings about the most recent surge in COVID-19 cases and explain how their facilities and staffs are close to becoming overwhelmed.
Photos: Bottleworks Hotel opening Tuesday
The 139-room hotel will be among the first components of the $300 million Bottleworks District to open. Additional tenants—including retailers, restaurants and entertainment-focused businesses—will begin opening early next year.
NCAA to play women’s basketball tournament at one site
The women’s Final Four in 2021 was already set for San Antonio, and the NCAA has begun preliminary talks with the Texas city to hold the entire 64-team tournament in the area.
Market Tower owner sues CVS over lease dispute at downtown store
The owner of the Market Tower office building at 10 W. Market St. in downtown Indianapolis is suing CVS, alleging the retailer improperly terminated its lease and stopped paying rent after the store was damaged during downtown rioting this spring.
Indiana sees 5,050 more COVID-19 cases, 35 additional deaths
The Indiana State Department of Health on Monday reported the latest figures related to schools, students, teachers and staff.
Teacher pay commission says $600M needed to address pay shortfalls
The Teacher Pay Commission released its findings Monday in a 183-page report that includes 13 recommendations for school corporations and 24 steps state government can take to improve teacher pay.