Trump spoils pharma chiefs with no more bad news on drug pricing
For drugmakers, including Indianapolis-based Eli Lilly and Co., a meeting Tuesday with President Donald Trump was a dose of happy pills.
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UPDATE: Trump tells drugmakers, including Lilly, their prices are ‘astronomical’
President Trump took Big Pharma to task on pricing but also promised to ease regulations and find ways to speed medicines to market, which triggered a surge in the sector’s share prices.
Trump to require two rules be killed for each new one
President Trump is fulfilling a promise he made shortly after his election to reduce federal regulations. In practice, the policy potentially requires months of study and public input for each regulation eliminated.
Dealmakers wonder if Trump will intervene in mergers
It wasn’t a surprise when Donald Trump took the opportunity during his Jan. 11 press conference to angrily accuse CNN of spreading fake news. Throughout the campaign Trump had complained the cable network was being unfair to him—and at one point vowed that as president, he would block AT&T Inc.’s proposed $85.4 billion merger with […]
Longtime Formula One leader Ecclestone to be replaced
The leadership change was announced Monday as Liberty Media Corp. completed the $4.4 billion acquisition of Formula One from private equity firm CVC Capital Partners.
BlueIndy owner’s battery company leaving investors on side of road
French billionaire Vincent Bollore’s push into electric vehicles has been a huge success, at least in terms of publicity and eye-catching contracts. For investors, it hasn’t worked out so well.
Cause of ailing flight attendants creates mystery, controversy
From oozing blisters and wheezing to rashes, itchy eyes, and sore throats, numerous flight attendants at one of the country’s largest airlines say their new work uniforms are making them sick.
Consumer agency accuses Navient of ‘systematically’ cheating borrowers
Navient Corp. has been sued by a U.S. regulator over allegations that the student loan giant failed to properly service private and federal loans. Navient has major operations in Indiana.
Pearson forecasts years of textbook gloom; to sell Penguin
The crisis engulfing Pearson Plc deepened Wednesday after the London-based education company cut its profit forecast and predicted years of gloom in the U.S. market. The company has operations in Indianapolis.
Lilly shares rise after Alimta cancer drug patent upheld on appeal
Teva Pharmaceuticals Industries Ltd.’s proposed generic version infringes a patent on the multi-billion-dollar patent, the U.S. Court of Appeals for the Federal Circuit ruled.
Candy maker expands in pet care with $7.7B purchase of VCA
VCA operates more than 750 animal hospitals in the United States, including about 10 in the Indianapolis area.
UnitedHealth branches out with $2.3 billion Surgical Care deal
The U.S.’s biggest health insurer, UnitedHealth Group Inc., said it will buy Surgical Care Affiliates Inc. for about $2.3 billion, further diversifying by adding an outpatient surgery chain.
Coats reportedly Trump’s favorite candidate for intelligence post
Former Indiana Sen. Dan Coats is the front-runner to become Donald Trump’s director of national intelligence, according to two people familiar with the decision.
Local Macy’s, Sears stores escape new round of closures
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.
Trump to pick deals lawyer Clayton to lead SEC
President-elect Donald Trump is expected to pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator.
Amazon sees shipments for independent merchants more than double
The number of merchants using Fulfillment by Amazon increased 70 percent in 2016. The logistics service lets merchants send goods to Amazon warehouses and pay a fee for packing and shipping online orders to customers.
Sears Holdings lines up $200M in financing to stay afloat
The move signals that hedge fund manager Eddie Lampert remains committed to bankrolling Sears, even as the once-mighty department-store chain suffers from dwindling sales and billions in red ink.
Holiday sales on pace for biggest gain since 2005
Shoppers abandoned their early reluctance and pushed U.S. holiday sales to the biggest increase in more than a decade, a research firm said Tuesday. Online sales grew an estimated 15 percent as Amazon Inc. had its best season yet.
Anthem-Cigna deal cast by U.S. as risk to patients, providers
Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs.
Real estate agents lick chops as wealthy Trump team moves into D.C.
President-elect Donald Trump is moving to the nation’s capital next month and bringing with him an administration of millionaires and billionaires who are going to need places to live. Many are looking right now.