Wall Street slumps as Big Tech once again leads decliners
The selling was widespread, with eight of the 11 sectors that make up the benchmark index ending the day lower. The sectors that include Amazon, Facebook and Apple took the heaviest losses.
Health Care
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Pelosi: House to stay in session until COVID-19 rescue pact reached
Speaker Nancy Pelosi’s comments came as moderate Democrats, many from areas won by President Donald Trump four years ago, signed on to a $1.5 trillion rescue package endorsed by the bipartisan Problem Solvers Caucus.
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Crowd-limit disparity for Colts, Eleven home games raises questions
The Indianapolis Colts will be limited to 2,500 spectators at Sunday’s home football opener at Lucas Oil Stadium even though crowds for Indy Eleven soccer games at the venue have regularly doubled that figure since early July.
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Lilly anti-inflammatory drug might shorten COVID-19 recovery time
Eli Lilly announced the results Monday from a 1,000-person study sponsored by the U.S. National Institute of Allergy and Infectious Diseases.
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Groundbreaking well-being app targets Black women’s stressors
Entrepreneur Katara McCarty says the Exhale app she developed “speaks to the path of women of color.”
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Articles
New view for design flexibility emerging from pandemic
The pandemic turned the entire nation into homebodies. Now, architects, builders and interior designers are addressing the pain points that emerged when our homes became our offices, schools and entertainment venues.
Report: Much left to do to shield nursing homes from coronavirus
People in long-term-care facilities represent less than 1% of the U.S. population but more than 40% of the coronavirus deaths, according to the COVID Tracking Project, which has tallied 77,000 deaths among residents and staff.
Infection rates soar in college towns as students return
Health officials fear that surges among college students will spread to more vulnerable people—older ones and those with underlying health problems—and trigger a new wave of cases and hospitalizations.
Growing number of airlines offer ‘flights to nowhere’ as international travel remains stalled
Qantas, among the latest to advertise a flight that departs and arrives at the same airport with no stops along the way, said the trip sold out less than 10 minutes after going on sale.
Indiana reports 850 new COVID-19 cases, six more deaths
The Indiana State Department of Health on Thursday said 8,662 more unique individuals have been tested for the COVID-19 coronavirus.
Central Indiana existing-home sales rise for second straight month
Sales of existing single-family homes rose in central Indiana in August despite a huge decline in available houses and another record in prices.
Big Ten’s cardiac registry aims to study effects of COVID-19
Myocarditis, an inflammation of the heart, was among concerns cited by the Big Ten in August when it planned to postpone football until spring.
Report finds global economic outlook not as bad as expected
The Organization for Economic Cooperation and Development also upgraded its forecast for the U.S. economy, anticipating a contraction of 3.8% this year instead of a plunge of 7.3% forecast previously.
Federal Reserve sees rates near zero at least through 2023
Federal Reserve Chairman Jerome Powell said the economic outlook still remains highly uncertain and depends heavily on the ability of the U.S. to get control of the pandemic.
Indiana reports lowest number of COVID-19 cases since Sept. 8
The state on Wednesday also reported 12 new deaths from COVID-19, raising the cumulative total to 3,247. The department has reported 75 new deaths over the past week, compared with 67 the previous week.
U.S. outlines sweeping plan to provide free COVID-19 vaccines
In a report to Congress and an accompanying “playbook” for states and localities, federal health agencies and the Defense Department sketched out complex plans for a vaccination campaign to begin gradually in January or even later this year.
Study hints Lilly antibody drug might cut COVID-19 hospitalizations
Wednesday’s results come from 450 people in a mid-stage study testing an antibody jointly developed by Lilly and the Canadian company AbCellera in people with COVID-19 symptoms not severe enough to warrant hospitalization.
UPDATE: Big Ten aims for late-October start to football, but without spectators
All 14 teams are expected to play eight regular-season games in eight weeks, plus have an opportunity to play a ninth game, possibly on Dec. 19, with a conference championship game in Indianapolis—if all goes well.
FedEx’s profit explodes as residential deliveries soar
Raj Subramaniam, president and chief operating officer at FedEx, said the company achieved “the growth that we expected to see over a period of three to five years … in a period of three to five months.”
Senators debate antitrust exemption for NCAA over athlete pay
The NCAA is working to change its rules restricting athletes from earning money for things such as endorsements, in-person appearances and social media posts.
Indiana requests to borrow $300M from federal government for jobless benefits
Indiana Department of Workforce Development chief of staff Josh Richardson said the state’s unemployment insurance trust fund is expected to run dry by the end of September.
Experts worry as U.S. virus restrictions are eased or violated
While some Americans might see such the lifting of restrictions as a welcome step closer to normal, public health experts warn the U.S. is setting itself up for failure—again.
Indiana still has $1 billion in coronavirus relief funds left to spend
Indiana Office of Management and Budget Director Cris Johnston told the State Budget Committee on Tuesday that the state has been waiting for clearer guidance from the federal government on how the dollars can be spent.
U.S. incomes surged, poverty fell to 60-year low before pandemic
Median, inflation-adjusted household income increased 6.8% last year, to $68,703—among the fastest gains on record—as more Americans got jobs and wages rose, according to annual data released Tuesday by the U.S. Census Bureau.