FDA looks to cut cigarette nicotine in blow to tobacco industry
The surprise move sent shares of cigarette stocks plummeting Friday morning.
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Senate blocks GOP health bill, scuttling latest bid to repeal Obamacare
Republican Senator John McCain joined with two of his GOP colleagues to block a stripped-down Obamacare repeal bill early Friday, thwarting the party’s months-long effort to pass health legislation.
Anthem may hasten Obamacare retreat without funding assurances
Concerned by the uncertain future of U.S. health care policy, Anthem Inc. warned it may hasten its retreat from Obamacare’s insurance marketplaces.
Trump to announce Apple supplier Foxconn opening Wisconsin plant
Economic development officials from Indiana, Illinois, Michigan, Ohio, Pennsylvania, Texas, and Wisconsin have all vied for Foxconn’s attention. The plant is expected to employ thousands of workers.
DuPont gets boost from farmers as Dow merger nears closing
DuPont Co. saw seed sales rise in the second quarter—good news before it closes in on the historic $75 billion merger with Dow Chemical Co., the parent of Indianapolis-based Dow AgroSciences.
Indiana health care providers indicted as part of national crackdown on fraud
An Indianapolis-area chiropractor is among more than a dozen people in Indiana-based investigations and hundreds of people nationwide charged in health care fraud and opioid scams worth $1.3 billion.
National children’s retailer closing five Indiana stores
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
Skyline Club operator to be acquired in $1.1 billion deal
Apollo Global Management has agreed to acquire ClubCorp Holdings Inc., a golf-club and business-club operator whose properties include the Skyline Club in downtown Indianapolis.
Drugmakers aren’t sweating next wave of patent losses
Drugmakers like Eli Lilly and Co. plunged off a patent cliff earlier this decade, losing billions in sales as lucrative branded drugs lost exclusivity. An expensive lobbying effort aimed at preventing a repeat is paying off.
British Supreme Court rules in Eli Lilly’s favor in drug dispute
Britain's Supreme Court has ruled in favor of Eli Lilly and Co. in a patent dispute with generic drugmaker Actavis over Lilly's Alimta cancer treatment.
Sports Direct’s Ashley says serious deals not done while drunk
Mike Ashley, the billionaire owner of Sports Direct International—which owns a major stake in Indianapolis-based retailer The Finish Line Inc.—said a former employee’s claim that he made a $19 million bonus deal while in a London pub was “nonsense.”
Volvo set to be first major carmaker to forgo traditional engines
The Swedish company, which has been making cars since 1927, said it will begin producing electric motors for all its cars beginning in 2019.
Staples to be acquired by Sycamore Partners for $6.9 billion
Staples Inc. will be acquired by Sycamore Partners in one of the largest retail deals of the year, a wager that the office-supply chain is better off continuing its turnaround plan as a private company.
Anthem’s exit creates Obamacare ‘crisis’ for rural Nevadans
The Indianapolis-based health insurer, a one-time Obamacare stalwart, has accelerated its retreat in recent weeks.
Cheapest fuel since 2005 to bring U.S. drivers `Christmas in July’
American drivers are preparing to hit the road this Fourth of July as seasonal gas prices plunge to their lowest in 12 years.
Performance gap widening in some generic drugs, researchers say
As medicines—especially those that treat conditions such as anxiety or depression—are becoming more complex, it’s not just the mix of active ingredients that generic drugmakers have to replicate. It’s also the release mechanism.
Supreme Court agrees to hear gay-marriage cake case
The U.S. Supreme Court stepped into a clash that pits gay rights against religious freedoms, agreeing to hear arguments from a baker who says he shouldn’t have to make cakes for same-sex weddings.
Anthem agrees to $115 million settlement over data breach
Anthem Inc. has agreed to pay $115 million to resolve consumer claims over a 2015 cyber-attack that compromised data on 78.8 million people, marking what attorneys in the case called the largest data-breach settlement in history.
iPhone maker considering Indiana, other Midwest states for $10B in investments
Foxconn Chairman Terry Gou says its U.S. investments could be in seven states, naming Indiana, Ohio, Pennsylvania, Michigan, Illinois, Wisconsin and Texas.
Senate health plan relies on subsidies GOP has faulted
The proposal would provide an additional $50 billion over four years to stabilize insurance exchanges, relying on a mechanism Republicans have criticized in the past as a way to keep insurers in the marketplace.