Stocks plummet as global anxiety swells about COVID-19 surge
Three major U.S. stock indexes tumbled at least 3.4% on Wednesday as uncertainty about the economy, politics and public health drove investors from the market.
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Bottleworks Hotel nearly complete, to open in December
Work on the ritzy Mass Ave hotel has continued throughout the pandemic, despite delays to other projects around the city. The Bottleworks campus food hall is slated to open in January.
COVID-19 kills 33 more Hoosiers as total creeps near 4,000
The Indiana State Department of Health on Wednesday reported that the seven-day moving average for cases has reached an all-time high of 2,397.
East-side housing project for young adults receives $9.2M from state
The 30-unit apartment project is aimed at individuals aged 18 to 24 who were previously in the state’s child welfare and fostering system.
Lilly signs $375M deal with government for experimental COVID-19 treatment
Eli Lilly and Co. said Wednesday that the U.S. government will accept 300,000 vials of the drug, called bamlanivimab, if the Food and Drug Administration grants emergency authorization for its use.
TV spending adds up to nearly $12M in tight 5th District race
According to a report of media buys obtained by the IBJ, nearly $7 million has been spent collectively by Democrat Christina Hale’s campaign and organizations trying to get her elected over Republican candidate Victoria Spartz since August. About $4.9 million has collectively been spent by Spartz’s campaign and organizations hoping to elect her to the seat.
Vibenomics on roll, lands another $6.5M in venture capital
The most recent round of funding for the Fishers-based audio-marketing firm will be used to support the launch of additional national networks in convenience stores and grocery retailers.
Committee gives preliminary OK for $12.25M in TIF bonds for two projects
The projects include a two-building development in Broad Ripple that would serve as the headquarters for the staffing firm Eight Eleven Group.
Anthem tops third-quarter forecasts as it absorbs big expense hit
Operating revenue for the Indianapolis-based insurer climbed 16% from the same quarter last year to $30.65 billion. But net income fell to $222 million from $1.18 billion.
Illinois governor bans indoor dining in Chicago as virus cases surge
Chicago Mayor Lori Lightfoot says she isn’t sure the governor’s new restrictions are targeting the right people and worries that they will adversely affect the city’s economy.
Libertarian candidate repeatedly attacks Holcomb during gubernatorial debate
During the discussion, the candidates answered questions about job creation, broadband internet, marijuana, a COVID-19 vaccine, racial disparities, redistricting and what time zone Indiana should be.
Push for pre-election stimulus checks fails as lawmakers head for the exits
President Donald Trump said Tuesday that the White House would approve a big stimulus package after the election and predicted that Republicans would retake control of the House of Representatives.
Marion County clerk extends early voting hours in her office to meet demand
Marion County Clerk Myla Eldridge is extending early voting hours in her office beginning Wednesday as the county tries to accommodate an unprecedented number of voters casting early ballots, leading to hours-long lines.
New polls show Holcomb with comfortable lead in governor’s race
Roughly half of the respondents in the two polls favored Republican incumbent Eric Holcomb in the Indiana governor’s race, followed by Democrat Woody Myers and Libertarian Donald Rainwater.
COVID-19 kills 51 more Hoosiers as cases top 2,000 for fifth straight day
The Indiana State Department of Health on Tuesday reported that the seven-day moving average for cases has reached an all-time high of 2,282.
Early voting in Marion County nearly triples 2016 early voting turnout
Through Monday, 125,506 voters in Marion County had already cast a ballot, either in person or by mail.
Employ Indy, Ascend Indiana launch paid high school apprenticeship program
The apprenticeship will enable high school students to attain soft skills, technical skills and relevant work experience in growing, high-demand industries.
Lilly still bullish on COVID-19 therapy, despite end of trial
Although federal officials pulled the plug on a trial testing a Lilly antibody drug for people hospitalized with COVID-19, other studies for the therapy are continuing on populations that could become big markets.
Cummins stock surges to record on better-than-expected third-quarter results
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
Starch manufacturer seeks $2.6M tax break for expansion plans
The company does not plan to add any jobs as it expands operations southwest of downtown, but it will retain 374 employees who earn an average hourly wage of $33.92.