Much at stake as Supreme Court weighs future of Obamacare
What’s at stake has real-world consequences for just about every American, as well as the health care industry, a major source of jobs and tax revenues.
Associated Press
Articles
U.S. allows emergency use of Lilly’s COVID-19 antibody drug
The Food and Drug Administration on Monday cleared the experimental drug from Indianapolis-based Eli Lilly and Co. for people 12 and older with mild or moderate COVID-19 not requiring hospitalization. It’s a one-time treatment given through an IV.
Trump faces long odds in challenging state vote counts
Republican surrogates for President Donald Trump resumed their legal fight Monday to try to stop the vote count in key battleground states, including Pennsylvania and Michigan.
IU economic forecast expects recovery to slow, jobless rate to remain elevated
The forecast holds out hope for positive economic growth in the second half of 2021 in Indiana, but it assumes the state will either remain at Stage 5 of Gov. Eric Holcomb’s reopening plan or operate under even fewer restrictions.
Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news
Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
Pfizer says COVID-19 vaccine is looking 90% effective
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.
Nursing home COVID-19 cases rise four-fold in surge states
Nursing homes and other long-term care facilities account for about 1% of the U.S. population, but represent 40% of COVID-19 deaths, according to the COVID Tracking Project.
$40M data center opens in northwest Indiana
Roughly half of the center has been leased for servers that’ll be connected to a fiber line to downtown Chicago.
FDA panel urges rejection of experimental Alzheimer’s drug
The Biogen drug, known as aducanumab, does not cure or reverse Alzheimer’s, but it might modestly slow the rate of decline.
Biden wins White House, vowing new direction for divided U.S.
Joe Biden’s victory came after more than three days of uncertainty as election officials sorted through a surge of mail-in votes in an extraordinary close election that delayed the processing of some ballots. It was unclear whether President Trump would publicly concede.
U.S. consumer borrowing increases by $16.2 billion
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
Trump faces tough road in getting Supreme Court to intervene
President Trump could need the court’s help in two or more states, an unlikely scenario that is far different from what took place in the 2000 election, the only time the court has effectively settled a presidential election.
Biden on cusp of presidency after gains in Pennsylvania
Democrat Joe Biden moved closer to winning the presidency on Friday as he opened up narrow leads over President Donald Trump in the critical battlegrounds of Georgia and Pennsylvania.
Economy added 638,000 jobs in October, dropping unemployment rate to 6.9%
The U.S. economy has recovered two-thirds of the ground it lost during the first half of the year, and yet has a long way to go and remains vulnerable, economists said.
Court orders FDA to assess environmental impact of modified salmon
The ruling centers on AquaBounty’s salmon, which are genetically modified to grow faster than normal salmon. After clearing other regulatory hurdles. AquaBounty began growing the fish in indoor tanks at an Indiana plant last year.
Fed signals readiness to do more for economy as virus rages
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Republican victories tighten party’s control of Indiana Legislature
Indiana Republicans will be returning to the Statehouse with an even tighter grip on the Legislature after again turning aside Democrats who had tried to break the GOP’s supermajority control.
Wall Street rallies again as election-week gains continue
The S&P 500 rose 1.9%, its fourth straight gain of more than 1%, and is now up 7.4% for the week. That would be its best week since the market was exploding out of the crater created in February and March by panic about the coronavirus pandemic.
Biden pushes closer to victory as Trump presses legal moves
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
Company winding down ventilator production in Kokomo
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.