IEDC launches lending program for small biz
The Indiana Economic Development Corp. said the Legend Fund can help entrepreneurs and small businesses with small loans, typically under $50,000.
John Russell
Articles
AES Indiana buys large wind farm in northwest Indiana
The Indianapolis-based utility said the acquisition would provide $22.2 million in cost savings to customers over the next six years and advance efforts to provide sustainable energy solutions.
Local hospitals scramble to deal with disruptions after major cyberattack on vendor
Thousands of hospitals and doctors’ offices across the country could see huge delays in getting paid by insurers for thousands of procedures worth millions of dollars after what is being called “the most significant cyberattack on the U.S. health care system in American history.”
Lilly employees have seen big wins as stock price surges 500% since 2019
In the past 52 weeks, shares have set new records almost every week, due to investor eagerness over the company’s new drugs for obesity and diabetes, two health conditions that plague America, along with other drugs in the pipeline.
Activist investor group seeks Elanco CEO ouster, shakeup of board
Ancora Holdings Group LLC said the animal health company has underperformed its peers and destroyed billions of dollars of shareholder value.
AES Indiana names Davis-Handy president, its seventh in past decade
Brandi Davis-Handy has worked for the utility for eight years, most recently as chief customer officer.
Indiana officials accuse Zionsville medical-device maker of violating securities law
The Secretary of State’s Securities Division announced the action Tuesday against VoCare Inc. and three of its officers.
Elanco, analysts gird for potential blockbusters in coming months
In an hourlong conference call with analysts on Monday, CEO Jeff Simmons said the word “blockbuster” at least six times as he talked about the Greenfield-based company’s pipeline products that could launch this year.
Elanco to cut 420 jobs in restructuring that will focus on pet health
The company said the restructuring is designed to shift resources from its farm animal operations to its pet health operations and help with the launch of three upcoming products now under regulatory review.
IU Health operating income nearly tripled in 2023
While inpatient medical and surgical volumes across the system did not return to pre-pandemic levels, IU Health reported strong outpatient growth in 2023.
IU medical school lands record $243M in NIH funding in 2023
The Indianapolis-based medical school ranked 29th in the country for landing funding from the National Institutes of Health.
Indiana suspends insurance broker for receiving Anthem’s confidential info from brother
Alan Sword, who sold Medicare Advantage plans on behalf of Anthem, was suspended in an emergency order issued Jan. 30 by Amy Beard, commissioner of the Indiana Department of Insurance.
Lilly stock surges on analyst’s ‘$1 trillion club’ comment
Shares in the Indianapolis-based drugmaker are setting new records almost every day, due to investor excitement over the company’s new drugs for obesity and diabetes, two health conditions that plague America.
Restaurants, shops fill up Saturday with All-Star crowds after light start to weekend
It was a good turnaround from the previous night, when a snowstorm hit the city and kept the turnout lower than expected.
‘It was kind of chaotic.’ More than 1,000 waited over an hour to enter NBA fan experience.
The Rob Klepper family from Brownsburg was among more than 1,000 people caught in the extended line, an IBJ reporter estimated. By 4:30 p.m., organizers were able to clear the logjam and get people inside.
With overhaul looming, organ network pushes to reduce wait times
The Indiana Donor Network, which serves 85 of Indiana’s 92 counties, is booming with a record number of registered donors and transplanted organs.
Companies hope to turn All-Star fans into customers with retail pop-ups, activation sites
Dozens of companies will be promoting their brands and rolling out new merchandise at NBA All-Star Weekend events, including Under Armour, AT&T, Google, Kia, Starry, Lids, State Farm, Converse and Skims.
Israeli firm joins local isotope rush, signs builder for Westfield factory
An Israeli company has firmed up plans for a new isotope manufacturing plant in Westfield in what is becoming a scramble in a red-hot local market for nuclear-medicine facilities.
As Lilly stock skyrockets, endowment gifts surge
In recent weeks, the Indianapolis-based philanthropy has been unveiling a flurry of gifts at the $100 million level or higher.
In latest expansion move, Marathon Health merges with Denver-based company
Indianapolis-based Marathon said the merger will extend services to 2.5 million eligible patients and more than 630 U.S. employer and union-sponsored clients.