Drug industry sets lobbying records as pricing pressure looms
The drug industry set several quarterly records for lobbying spending in the first three months of 2018, but Indianapolis-based Eli Lilly and Co. actually reduced lobbying expenditures.
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Cigna-Express Scripts deal to face Justice Department review
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors.
Cummins considering $3B deal for GE engine business, sources say
A sale of Jenbacher, which makes engines that generate power and heat for industrial facilities, is poised to be GE’s biggest to date in CEO John Flannery’s plan to reshape the company.
Next big test for biotech investors is FDA review on Lilly arthritis drug
Eli Lilly’s baricitinib faces a big review from an FDA panel on Monday, but preliminary briefings don’t appear to be positive.
Death on Southwest plane shatters record U.S. safety string
Almost 100 million U.S.-operated airline flights, carrying several billion people, had taken off and landed safely in this country over a nine-year span since the last time a passenger died in an accident.
Internet sales tax issue divides Supreme Court justices
Hearing arguments Tuesday, the justices considered overturning the court’s 1992 ruling that made much of the internet a tax-free zone by exempting retailers that don’t have a physical presence in a state.
‘Shockingly weak’ cattle market should mean cheaper summer burgers
Cattle futures have been sliding as market watchers expect a landslide of meat in the coming months.
Anthem among health care’s biggest gainers from federal tax cuts
Four of the 20 biggest health-care companies in the Standard & Poor’s 500 Index saw a benefit from the tax overhaul in the fourth quarter. Among them was Indianapolis-based Anthem Inc.
Trade, tax cuts at center of Donnelly’s run in Trump country
Sen. Joe Donnelly is doggedly cultivating those who are agitated with Donald Trump as he seeks a second term in a state that the president won by 19 percentage points in 2016.
Stocks tumble amid growing trade concerns
U.S. stocks ended the week with a deep selloff on Friday as the White House's latest trade threats against China rattled global financial markets.
Rare loss for Big Pharma will cost industry billions
Drugmakers will have to offer a much more generous discount to Medicare beneficiaries who fall into the so-called donut hole coverage gap.
Zero-percent auto loan era fading into America’s rearview mirror
Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting to abandon them as rising interest rates lift their own borrowing costs.
Trump administration moves to cut Obama-era fuel-efficiency rules
The Trump administration announced that fuel-efficiency regulations for cars and light trucks are too stringent and must be revised.
Walmart reportedly in talks with Humana for deeper partnership or merger
Walmart and Humana have explored a wide range of options including a merger, according to a source familiar with the situation.
World’s biggest toymakers aren’t having much fun these days
There’s trouble in toyland. Sales at the world’s three biggest toymakers—Lego A/S, Hasbro Inc. and Mattel Inc.—slumped during the crucial 2017 holiday season, and the outlook for 2018 isn’t much better.
Loyola-Chicago’s $8.5M Final Four run helps nine other schools
Nine other universities—including three in Indiana—stand to make money off Loyola University’s unexpected march to college basketball’s Final Four
NCAA headed to another trial over pay-for-play rules
A federal judge in Oakland, California, on Wednesday refused a request from the Indianapolis-based NCAA to throw out the case and scheduled a trial.
Babies ‘R’ Us demise sets off scramble for baby registries
The liquidation of Toys “R” Us Inc. has raised a big question: What happens to all the customers who had baby registries at the soon-to-be-defunct retailer?
Saks parent, a Simon Property partner, unable to escape slump
The rebound taking shape in parts of the retail industry eluded the owner of the Saks Fifth Avenue and Lord & Taylor department stores, which failed over the holiday season to reverse a decline in same-store sales.
Warehouses now more valuable than office buildings, thanks to Amazon
Despite a lot of construction, warehouses are being leased as soon as the cranes come down. Indianapolis, Phoenix and California’s Inland Empire are among the hot markets nationally.