Louisiana considering $2.5B sale of insurer to Elevance Health
A state legislative committee held a nearly eight-hour meeting to consider the proposed sale of Blue Cross and Blue Shield of Louisiana to Indianapolis-based Elevance.
Associated Press
Articles
Judge keeps NCAA restrictions on NIL in place for now
A judge on Tuesday kept in place for now the rules prohibiting name, image and likeness compensation from being used as a recruiting inducement, denying a request for a temporary restraining order by the states of Tennessee and Virginia.
Record number of Americans can’t afford their rent, new study finds
After failing to make a significant dent in the problem over the last decade, state and federal lawmakers across the U.S. are making housing a priority in 2024 and throwing the kitchen sink at the issue.
Booming bourbon industry has Kentucky leaders toasting record growth
Kentucky’s bourbon industry pumps $9 billion into the Bluegrass State’s economy each year, creating more jobs and attracting more tourists than ever before, according to a study released Tuesday.
Meta says it will label AI-generated images on Facebook, Instagram
Facebook and Instagram users will start seeing made-by-AI labels on deepfake images that appear on their social media feeds, part of a broader tech industry initiative to sort between what’s real and not.
Super Bowl expected to smash betting records, with nearly 68M U.S. adults wagering
The volume of betting participation is projected to be 35% higher than last year, which was the previous record, according to the American Gaming Association.
NBA set to play on an LED glass court for some All-Star weekend events
Part of All-Star weekend in Indianapolis—including the entire All-Star Saturday Night lineup—will be played on a state-of-the-art, full video LED court that will be installed at Lucas Oil Stadium, the league said Monday.
Labor official says Dartmouth basketball players are school employees, sets stage for union vote
A National Labor Relations Board regional official ruled on Monday that Dartmouth basketball players are employees of the school, clearing the way for an election that would create the first-ever labor union for NCAA athletes.
Some Americans saddled with credit card debt as rent, everyday prices remain high
Economists and experts see rising delinquencies as one of the growing risks to the economy this year, especially if student loans become too much for younger, debt-burdened Americans to handle.
Powell: Federal Reserve on track to cut rates this year with inflation slowing
Federal Reserve Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year.
Pitino says NCAA enforcement arm is ‘a joke’ that’s ‘of no value anymore’ and ‘should be disbanded’
Coach Rick Pitino, 71, who a history of run-ins with the Indianapolis-based NCAA, said he believes it’s time for the enforcement staff to stand down when it comes to policing member schools.
Formula One’s invitation for in-person meeting with Andretti Cadillac went to a spam email folder
The junk email revelation came Friday as Indianapolis-based Andretti Global sought to clarify two points in the sharply critical document F1 released earlier this week in rejecting the Andretti Cadillac application for entry into the racing series.
Big Ten, SEC team up to create ‘advisory board’ for college sports issues
The two wealthiest and most-powerful college conferences announced Friday the formation of a joint advisory group of university leaders and athletic directors, with the intent to find solutions to the challenges facing college sports.
U.S. employers added surprisingly robust 353,000 jobs in January
Wages rose unexpectedly fast in January, too. The strong hiring and wage growth could complicate or delay the Federal Reserve’s intention to start cutting interest rates later this year.
NCAA generates nearly $1.3B in revenue for 2022-23; Division I payouts reach $669M
The NCAA’s deal with CBS and Warner Bros. Discovery for rights to the men’s Division I basketball tournament accounts for about $900 million annually. That means March Madness brought in about 69% of the NCAA’s revenue.
OxyContin marketer agrees to pay $350M rather than face lawsuits
Indiana will receive more than $7.6 million from the settlement with Publicis Health to help address the opioid crisis.
Meta, TikTok and other social media CEOs testify in heated Senate hearing on child exploitation
On Wednesday, the CEOs went before the Senate Judiciary Committee to testify as lawmakers and parents grow increasingly concerned about the effects of social media on young people’s lives.
Fed leaves interest rates unchanged but signals cuts are coming
The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they’re close to fully taming inflation.
Formula One rejects Andretti’s bid to join series
F1 is only interested in allowing Indianapolis-based Andretti Global in when General Motors has an engine built for competition. Had Andretti received approval for a new team, it would have had to use another manufacturer’s engine until 2028.
Tennessee, Virginia AGs suing NCAA over NIL-related recruiting rules
The lawsuit filed in the Eastern District of Tennessee claims the NCAA is “enforcing rules that unfairly restrict how athletes can commercially use their name, image and likeness at a critical juncture in the recruiting calendar.”