FDA panel backs much-debated ALS drug in rare, second review
The ruling Wednesday was a remarkable turnaround for the much-debated medication that was previously rejected by the same group earlier this year.
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Apple maintains prices on new iPhones despite inflation
Apple’s latest line-up of iPhones will boast better cameras, faster processors, and a longer lasting battery at the same prices as last year’s model.
Regal Cinemas parent files for Chapter 11 bankruptcy
Cineworld had built up $4.8 billion in net debt, not including lease liabilities. The company, which has about 28,000 employees, previously said that its admissions levels have recently been below expectations.
UPS to hire more than 100,000 workers for holidays
In the Indianapolis area, UPS said it expects to hire more than 3,000 seasonal employees ahead of the holiday rush.
Indiana to tax student loan forgiveness, similar to other states
Democratic state Rep. Rep. Greg Porter of Indianapolis condemned the policy in a statement Tuesday and said he was drafting legislation to retroactively eliminate state income tax on debt relief.
Juul to pay nearly $440M to settle with 33 states in teen vaping probe
The agreement, which includes Indiana, resolves one of the biggest legal threats facing the beleaguered company, which still faces nine separate lawsuits from other states and hundreds of individual suits.
Business travel not rebounding as fast as airlines expected
Business travelers generally pay higher fares, so the absence of so many of them has an outsized impact on airline revenue and profit.
CVS to buy home health-care provider Signify for $8B
The acquisition would continue CVS’ effort to grow from its pharmacy-chain roots to other sectors of the health industry.
17 states weigh adopting California’s electric car mandate
States with vehicle emission standards tied to rules established in California face weighty decisions on whether to follow that state’s new rules that require all new cars, pickups and SUVs to be electric or hydrogen powered by 2035.
Americans splurge on beauty, despite pullbacks elsewhere
One possible explanation for why beauty is thriving when consumers are more apprehensive about their spending is a long-held theory known as the “lipstick index,” which posits that lipstick sales rise during times of economic downturn.
Red flag laws get little use as shootings, gun deaths soar
An Associated Press analysis found many U.S. states barely use the red flag laws touted as the most powerful tool to stop gun violence before it happens.
Slower U.S. job gains in August could aid Fed’s inflation fight
The smaller August gain will likely be welcomed by the Federal Reserve, which is rapidly raising interest rates to try to cool hiring and wage growth.
New online dashboard helps flyers with delays, cancellations
Starting Thursday, travelers will be able to check the dashboard and see what kinds of guarantees, refunds or compensation the major domestic airlines offer in case of flight delays or cancellations.
CDC endorses updated COVID-19 booster shots
CDC’s advisers deemed the updated injections the best option considering the U.S. still is experiencing tens of thousands of COVID-19 cases and about 500 deaths every day—even before an expected new winter wave.
Fewer Americans file for weekly jobless benefits
Hiring in the U.S. in 2022 has been remarkably strong even as the country faces rising interest rates and weak economic growth.
Deadly bird flu returns to Midwest earlier than expected
The highly pathogenic disease has been detected in two commercial turkey flocks in western Minnesota and a hobby flock in Indiana, officials said Wednesday.
NIL turning star college football players into millionaires
Of the estimated $1.14 billion that will be poured into the pockets of athletes in Year 2, the NIL platform Opendorse predicts nearly half of it will be spent on the gridiron.
Bed Bath & Beyond to close 150 stores, cut workforce by 20%
Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering.
U.S. life expectancy plunged again in 2021, down nearly a year
In the first two years of the COVID-19 pandemic, the estimated American lifespan has shortened by nearly three years. The last comparable decrease happened in the early 1940s, during the height of World War II.
FDA clears updated COVID boosters targeting newest variants
The move by the Food and Drug Administration tweaks the recipe of shots made by Pfizer and rival Moderna that already have saved millions of lives. The hope is that the modified boosters will blunt yet another winter surge.