Liberty Media confirms Justice Department investigation over F1’s Andretti denial
Meridian, Colorado-based Liberty Media, owner of Formula One Group, rejected Indianapolis-based Andretti Global’s application in January after a six-month review.
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Banks unresponsive to debate invitation for U.S. Senate seat
Sitting Congressman Jim Banks hasn’t yet accepted an invitation to debate from the Indiana Debate Commission, though both Democrat Valerie McCray and Libertarian Andrew Horning have indicated their willingness.
Business groups await more details, urge caution on Braun property tax plan
Republican gubernatorial candidate Mike Braun’s lack of particulars on his property tax relief plan for homeowners has raised concerns that the tax burden could be shifted to business and agricultural property owners.
Indianapolis-based The Heritage Group hires entrepreneur-in-residence
Mitch Black’s main role is as an adviser to the New Venture Group’s 35 portfolio companies, helping them navigate the challenges that young companies face.
Indiana, 14 other states sue to block Biden effort to help migrants get health coverage
The states hope to block a rule that is expected to allow 100,000 immigrants brought to the U.S. illegally as children to enroll next year in the federal Affordable Care Act’s health insurance.
IRS to resume processing new pandemic tax credit claims from employers
Businesses have filed at least 3.6 million claims for the Employee Retention Credit since the program’s debut. It has distributed at least $232 billion, far exceeding Congress’s initial expectations.
Indy point-in-time homeless count rises for first time since 2021
The annual count is required for communities to receive funding from the U.S. Department of Housing and Urban Development, which helps fund local homelessness prevention efforts.
Could two NASA astronauts be stuck at space station until next year?
Butch Wilmore and Suni Williams have been up there since early June, their planned eight-day mission at the two-month mark and possibly heading toward eight months.
Wall Street rallies to its best day since 2022 on encouraging unemployment data
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week.
IU’s Whitten, Purdue’s Chiang urge business leaders to be part of post-IUPUI vision
The university presidents agreed that retaining students in Indiana requires a collaborative effort by universities and employers to channel students into enticing and promising jobs.
City-County councilor calls on mayor to resign over sex harassment claims against ex-aide
Jesse Brown, a first-term Democrat, said Indianapolis Mayor Joe Hogsett should resign over his handling of sexual harassment claims against former top aide Thomas Cook.
IndyFringe Festival extends borders to new parts of town
IndyFringe has added White Rabbit Cabaret and Dance Kaleidoscope as venues, the festival’s first spots outside of the Mass Ave cultural district since it debuted in 2005.
AES to spend $1.1B as it converts huge Petersburg plant from coal to natural gas, adds solar and battery projects
The investment would make AES Indiana the first utility in Indiana to abandon the use of coal as a fuel source, if state regulators agree, the company said.
Third annual Indy Classic to feature Purdue, Butler
The third annual Indy Classic will feature the men’s basketball programs of Purdue University playing Texas A&M University and Butler University taking on the University of Wisconsin at Gainbridge Fieldhouse.
Homeowners race to refinance as mortgage rates retreat from 23-year highs
Refinance applications were up nearly 60% nationally versus the same week last year, but applications for loans to buy a home are still down from a year ago.
IHG seeking to build Atwell Suites hotel in Saxony area of Fishers
United Kingdom-based IHG Hotels & Resorts is seeking to build a 113-room Atwell Suites hotel in Fishers, but hurdles remain as the project goes through the city’s review process.
Marsh Davis to retire as president of Indiana Landmarks after 19 years at helm
Davis has dedicated 37 years of his career to Indiana Landmarks, the nation’s largest statewide preservation organization, which has helped preserve scores of historic buildings across the state.
Strong sales of Mounjaro, Zepbound push Lilly profit up 68%
The Indianapolis-based drugmaker said revenue increased 36% in the quarter, to $11.3 billion. Zepbound, the popular obesity drug that launched in December, crossed into blockbuster territory, with sales of $1.23 billion in the quarter.
Historic commission signals support for $312M downtown hotel and entertainment venue project
Members of the Indianapolis Historic Preservation Commission on Wednesday mostly praised plans to redevelop the site of a century-old railroad servicing building across the street from downtown’s Gainbridge Fieldhouse.
Brownsburg native Chloe Dygert wins Olympic gold as part of women’s pursuit team
The U.S. women’s pursuit team of road race Olympic champion Kristen Faulkner, Chloe Dygert, Jennifer Valente and Lilly Williams held on through a ragged finish to beat New Zealand in the race for gold at the Paris Games.