IU Health sees operating income plunge 34% over first half of year
The pandemic took a huge bite out of routine surgeries and other highly profitable procedures at the state’s largest hospital system.
Health Care & Insurance
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Stocks rally worldwide, S&P 500 back to within 3% of record
Gains for tech stocks, particularly Microsoft and Apple, pushed the Nasdaq composite up 1.5%, to another record.
House panel calls on new postal chief to explain mail delays
Postal Service officials, bracing for steep losses from the nationwide shutdown caused by the pandemic, have warned they will run out of money by the end of September without help from Congress.
U.S. Treasury projects record Q3 borrowing of $947 billion
The Congressional Budget Office is projecting that the deficit for this year will soar to $3.7 trillion, far surpassing the previous record deficit of $1.4 trillion in 2009, the first time the shortfall for a single year topped $1 trillion.
Virus relief bill remains up in air as negotiations resume
Both the Trump administration negotiating team and top Capitol Hill Democrats remain far apart, and talks since Saturday—when the combatants announced modest progress—have yet to lend momentum.
Community Health loses $40M in first half of year, cuts 80 administrative jobs
The hospital has made more than $60 million in cuts, including the elimination of its 401(k) match through the rest of the year and the closing of a rehabilitation hospital in Kokomo.
Central Indiana school temporarily closes after positive virus test
Meanwhile, parents and caregivers of football players at an Indianapolis high school have been told to monitor their children after a player at Warren Central tested positive for the virus.
Indiana reports another 582 COVID-19 cases as testing slows
Marion County reported an increase of 153 cases, the 18th straight day that cases in the county have risen by more than 100.
Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt
Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.
Lilly to start testing experimental treatment for COVID-19 in nursing homes
The Indianapolis-based drugmaker said it will enroll about 2,400 residents and staff of nursing homes to test an antibody it is developing with a Canadian biotech. Nursing homes account for about 40% of U.S. deaths from COVID-19.
U.S. lawmakers say deal on coronavirus relief remains elusive
U.S. House Speaker Nancy Pelosi, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows made clear in separate interviews Sunday that they remain far apart on another pandemic relief package.
Ransomware feared as possible saboteur for November election
Federal authorities say one of the gravest threats to the November election is a well-timed ransomware attack that could paralyze voting operations. The threat isn’t just from foreign governments, but any fortune-seeking criminal.
Indiana reports 784 new COVID-19 cases, four more deaths
The state on Sunday said Marion County saw an increase of 132 cases, the 17th straight day that cases in the county have risen by more than 100.
COVID-19 cases jumped 90% in Indiana in July amid rise in testing, but deaths fell
The Indiana State Department of Health on Saturday reported 989 new COVID-19 cases, the second-highest number of cases reported in the daily report since the beginning of the pandemic.
Tech giants lead gains as S&P 500 closes 4th straight winning month
The stock market flipped up and down throughout the day amid worries about the economy and whether Congress can find agreement on more aid for it.
Trump, GOP soften on opposition to $600 jobless benefit
Both sides say the talks have not produced much progress but they could be nearing a critical phase over the weekend and into next week.
Fauci optimistic COVID-19 vaccine will be widely available
Fauci, the nation’s top infectious disease official, said a quarter-million people have expressed interest in taking part in studies of experimental vaccines for the coronavirus.
Indiana reports highest number of COVID-19 deaths in 10 days
Statewide testing for COVID-19 has topped 8,000 in 16 of the last 18 days and exceeded 11,000 in six of the past nine days.
Work-from-home trend makes lumber a winner, paper a loser
While the demand for printing papers had been in slow decline before the pandemic, the magnitude of the drop during COVID-19 has been a surprise.
United States sinks another $2.1 billion into potential COVID-19 vaccine
The vaccine prospect is based on the existing DNA-based technology that is used to produce Sanofi’s seasonal flu vaccine. It is one of several vaccines in development.