FDA approves Lilly diabetes drug that helps patients lose weight
The drug has been closely watched by medical professionals and is viewed by financial analysts as a possible blockbuster, with potential annual sales in the billions of dollars.
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Indy hosts summer-long NBA 2K League esports season
The league wants to draw fans to its studio inside Pan Am Pavilion to watch the games and engage with players, whose teams are mostly associated with NBA franchises.
$18 starting wage touted to employers as a big plus
The Indianapolis Airport Authority, National Bank of Indianapolis and Mays Chemical Co. are three of 24 local employers participating in the Good Wages Initiative launched April 25 by not-for-profit EmployIndy.
Neighbors fight dense White River development near Broad Ripple
The siblings who own soon-to-close Willows Event Center on Spirit Lake want to redevelop the site into more than 250 apartments and town houses.
Cummins shareholders reject splitting CEO, board chair duties
Had the proposal been approved, Cummins CEO Tom Linebarger would have been stripped of the chairmanship.
Duke Realty rejects $24B Prologis acquisition bid, deeming it ‘insufficient’
Prologis, one of the world’s largest real estate investment trusts, said it has been trying to acquire Indianapolis-based Duke since November. Duke said in a written statement issued Wednesday that those buyout efforts simply haven’t been good enough.
Local developer plans new headquarters, restaurant in Broad Ripple
Avenue Development plans to construct a four-story office structure in the middle of the 6500 block of Cornell Avenue, directly west of the Monon Trail. The building would include a first-floor restaurant from a well-known local operator.
Prologis offers to acquire Duke Realty for nearly $24 billion
In a public letter, Prologis CEO and co-founder Hamid Moghadam said his San Francisco-based company has been trying to acquire Indianapolis-based Duke quietly without luck since late November and decided to make the effort public.
Indiana Sports Corp. leader Vaughn leaving job for private sector
Ryan Vaughn, who has led the Indiana Sports Corp. since 2014, plans to resign from his role as president on July 1. There has been speculation that Vaughn might someday run for mayor.
All IN fest unveils Cage the Elephant, Hall & Oates, John Fogerty among headliners
New music festival will bring Portugal the Man, Lucinda Williams, The Four Tops and many more artists to the Indiana State Fairgrounds on Labor Day weekend.
Equestrian exhibition center, high-end home development proposed in Westfield
Plans for the development include a 69-acre equestrian exhibition center and 25 or so custom home lots priced at $1.2 million and up.
IBJ Podcast: Pete The Planner on bouncing back from a big financial loss
Host Mason King talks with Pete the Planner about equating self-worth with financial worth, as well as steps to stabilize and buttress your finances if you’ve suffered a loss or are just behind in saving for retirement.
Indiana secretary of state doubles post-vote audits
As election security continues to be a hotly debated topic, the secretary of state says this plan is another step toward assuring voters that the state’s election results are accurate.
Lilly’s new weight-loss drug is a ‘double wow’ and likely blockbuster
The pharmaceutical giant is turning heads with an experimental medicine it claims can help obese patients shed nearly a quarter of their body weight and manage diabetes.
Carmel, Westfield expand, build new libraries as demands for services change
The construction is happening at a time libraries play an increasingly wide-ranging role in the communities they serve.
Task force to examine building rules in effort to drop state’s housing costs
The 13-member body approved by the Legislature in March is tasked with addressing Indiana’s affordable housing shortage.
Indy Eleven among 18 businesses interested in owning or operating Grand Park
Also among the potential bidders was Ripken Baseball LLC, which operates youth baseball facilities throughout the United States, including the well-known Ripken Experience complex in Myrtle Beach, South Carolina.
MDC rejects rezoning effort for $40M residential project on city’s south side
The city’s Metropolitan Development Commission on Wednesday voted 6-0 against a recommendation for Homestead Development LLC’s rezoning request for 13.6 acres at 7525 McFarland Blvd. for more than 300 residential units.
Ascension St. Vincent to build small hospital near Purdue
The Indianapolis-based health system said the new hospital will bring inpatient and emergency care into the city of West Lafayette for the first time.
Renovation to breathe new life into historic downtown Fishers buildings
A pair of historic buildings along 116th Street near Nickel Plate Station are being saved, but that won’t be the case for two other old buildings in the same block that were determined to be “beyond repair.”