Stocks fall as trading starts for year of great expectations
The S&P 500, which ended 2020 at an all-time high, slid 1.5% after earlier dropping as much as 2.5%. It was the benchmark index’s biggest decline since late October.
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Wooden McLaughlin merges with national law firm Dinsmore & Shohl
Dinsmore, a national firm with more than 700 attorneys in 29 cities, will add Wooden’s 47 attorneys and offices in Indianapolis, Evansville and Bloomington.
Three corporate giants ending venture to address health care costs
Haven, which was formed in 2018 by Amazon, Berkshire Hathaway and JPMorgan to attack soaring costs, will cease operations by the end of February.
Easier-to-spread COVID variant in U.S. amps up vaccine urgency
Viruses have the opportunity to change through mutations that arise naturally as they replicate and circulate in their hosts. The new COVID-19 strain is thought to be 57% to 70% more transmissible than other strains of the virus.
UPDATE: NCAA to host entire men’s basketball tournament in Indiana
The organization said it is “closely monitoring” the pandemic and will continue evaluating the feasibility of some fan attendance at some of the games.
IBJ promotes Weidenbener to editor, puts new emphasis on investigative reporting
Managing Editor Lesley Weidenbener has been elevated to the top spot in the newsroom, while Editor Greg Andrews transitions to a role focusing on investigative reporting for IBJ while continuing to write a column.
COVID-19 toll in Indiana rises by 3,630 cases, 39 deaths
Statewide hospitalizations due to COVID-19 rose from to 2,714 on Saturday to 2,836 on Sunday.
GOP state lawmakers file coronavirus legal immunity legislation
Coronavirus immunity legislation is a top priority this year for GOP lawmakers and business organizations. It is also on Republican Gov. Eric Holcomb’s legislative agenda.
Lilly Endowment awards $17.2M to local groups providing emergency aid
The biggest chunk—$10.5 million—has been dedicated to 15 community and multi-service centers that offer a range of services, such as health care, child care, counseling, job training and youth development, as well as programs for seniors.
Fiat Chrysler, Peugeot shareholders approve merger
The merged company, to be called Stellantis, will be the world’s fourth-largest auto business. The merger combines legacy car companies that helped write the industrial histories of the United States, France and Italy.
Indianapolis to host entire men’s basketball tournament, source says
The 67-game tournament will be held at venues across central Indiana in March and April, according to a source familiar with the plans.
IBJ Podcast: What we know about the COVID-19 vaccine in Indiana
IBJ reporter John Russell has been looking for answers to basic questions about the vaccine, including: When can I get a vaccine? So we invited him onto the podcast to tell us what he’s learned.
Lawmakers to return to Statehouse for start of 2021 session
The COVID-19 pandemic has prompted lawmakers to make a handful of adjustments, such as moving the Indiana House of Representatives to the Government Center South building and installing plexiglass barriers in the Indiana Senate.
Fauci: Vaccinations ramping up after slower-than-expected start
Dr. Anthony Fauci expressed optimism that the momentum will pick up by mid-January and that ultimately the U.S. will be vaccinating 1 million people a day.
Pelosi narrowly reelected speaker, faces difficult two years
House Minority Leader Kevin McCarthy, R-Calif., accused Pelosi of leading “the least productive Congress in nearly 50 years,” and said there was a clear message in last November’s elections, when Republicans gained seats by defeating a dozen Democratic incumbents.
Republican leaders squabble over ‘scheme’ to undo election for Trump
President Donald Trump has enlisted support from a dozen Republican senators and up to 100 House Republicans to challenge the Electoral College vote when Congress convenes in a joint session to confirm President-elect Joe Biden’s 306-232 victory.
Trump pressures Georgia secretary of state to recalculate vote in his favor
President Donald Trump urged fellow Republican Brad Raffensperger, the Georgia secretary of state, to “find” enough votes to overturn his defeat in an extraordinary one-hour phone call Saturday that legal scholars described as a flagrant abuse of power and a potential criminal act.
Indiana reports 3,002 new COVID-19 cases, 56 more deaths
The state said 6,914 new individuals were tested for COVID-19, the fifth time in the past week that testing in that category has dropped below 10,000.
Minority-owned companies waited months for loans, analysis shows
The SBA did not address the timing of loans to minority-owned businesses, but said $133 billion, or 25%, of PPP funding went to companies in economically disadvantaged areas known as Historically Underutilized Business Zones, and 27% went to low and moderate-income neighborhoods.
Indiana reports 5,429 more COVID-19 cases, 39 new deaths
Statewide hospitalizations due to COVID-19 dropped from 2,786 on Friday to 2,655 on Saturday, the lowest number since Nov. 14.