Congress gives dying patients easier access to unproven drugs
President Donald Trump’s interest in the bill stems from a push by Vice President Mike Pence, who championed the initiative when he was governor of Indiana.
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J.C. Penney CEO leaving to take top spot at Lowe’s
The announced departure of Marvin Ellison on Tuesday sent shares of the struggling department store chain tumbling to an all-time intraday low.
Startup with local operations targets 2022 debut for hybrid-electric plane
Boeing Co.-backed startup Zunum Aero plans to deliver its first hybrid-electric plane in 2022 to JetSuite Inc., setting the stage for a new era in regional flying.
Supreme Court rules employers can bar worker class actions
A divided U.S. Supreme Court on Monday ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims.
Kroger teams with online grocer to keep pace with Amazon
Kroger Co. and United Kingdom-based online grocer Ocado Group are working on identifying sites for three automated distribution centers in the United States this year and may open as many as 20 within three years.
Hybrid pioneer Allison sees long road toward electric big rigs
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
Trump health secretary: Drugmakers must help cut prices, or else
Alex Azar, secretary of Health and Human Services and a former executive of Eli Lilly and Co., said Monday that the Trump administration plans to turn up the heat on uncooperative pharma firms.
Rolls-Royce seeking cheaper headquarters to cut expenses
Rolls-Royce—which has major operations in Indianapolis—needs a “smaller, more cost-effective London head-office location” than the current premises midway between the Houses of Parliament and Buckingham Palace, CEO Warren East said in a memo to staff
Oil rebounds as Trump dumps Iran deal, promises new sanctions
Crude oil futures dropped only 1 percent in New York on Tuesday after earlier dipping more than 4 percent.
Bid of $6.5B for Athenahealth might be ploy to lure other bidders, including Anthem
Shares in Athenahealth Inc. surged the most since 2016 after activist investor Elliott Management Corp. bid to acquire the medical company for $160 a share.
DowDuPont targets deals to sharpen focus at planned spinoffs
DowDuPont Inc. is working on a series of deals to tighten the focus at two of the three spinoffs it plans for next year, including the Corteva Agriscience spinoff, which includes the Indianapolis operations of the former Dow AgroSciences unit.
Mall owners, retailers clash over avalanche of online returns
David Simon, CEO of Indianapolis-based Simon Property Group Inc., says a “significant number” of tenants are underreporting sales, costing the nation’s largest mall owner a lot of money.
Sprint shares plunge on concern that T-Mobile deal will be blocked
Sprint Corp. suffered its worst stock decline in almost six months, rocked by fears that a proposed $26.5 billion takeover by T-Mobile US Inc. will get rejected by antitrust enforcers.
Sprint, T-Mobile strike $26.5 billion deal to take on AT&T
Operating as T-Mobile, the company would have about $74 billion in annual revenue and 70 million wireless subscribers.
BlueIndy billionaire Bollore charged in Africa corruption case
Billionaire Vincent Bollore, the tycoon behind the BlueIndy car-sharing service, has been charged by French investigators as part of a probe into the possible use of bribes in two African countries.
Air carriers have done great job boosting safety
Before a recent death on a Southwest Airlines flight, the last time someone died as a result of an accident on a U.S. carrier was nine years ago, when a commuter plane, Colgan Air Flight 3407, crashed into a house while trying to land in Buffalo, New York, killing 50 people.
Subway plans 500 more U.S. store closings amid fierce competition
After peppering the nation with thousands of locations, closely held Subway is retrenching in the United States while adding more stores in international markets.
Pruitt proposes limits to scientific research used by EPA staff
The U.S. Environmental Protection Agency broke with four decades of practice Tuesday and proposed limits on the science used to develop policies protecting public health and the environment.
With existing homes almost non-existent, buyers turn to new ones
U.S. homebuyers are now more likely to purchase new than at any time since the 2008 crash. They don’t have a lot of choice.
Sears stock soars as Lampert offers to buy Kenmore brand, real estate
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.