Lilly CEO says weight-loss drug shortage to end ‘very soon’
Meanwhile, Lilly announced that Zepbound improved the long-term health of patients with obesity-related heart failure in a study.
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U.S. added just 114,000 jobs in July; unemployment rate rises to 4.3%
Friday’s report from the Labor Department showed that employers added 35% fewer jobs than forecasters had expected and the unemployment rate hit its highest level since October 2021.
Conexus launching network aimed at hardtech innovators
In a switch from its original focus, the Hardtech Innovators Network will seek to help those who actually do the hands-on design, engineering and innovation work at Indiana companies.
Downtown tax poised for passage as owners of Indy’s tallest buildings decry costs
For the JW Marriott, the fee would be nearly $348,000 a year. For Salesforce Tower, the cost is about $251,000.
Several new things to try at this year’s Indiana State Fair
With 15 new activities, more than 40 new food or drink items and nearly 20 musical artists making their debut this year, there’s plenty new to see and do, even if you’re a state fair veteran.
Chipmaker Intel, eyed for billions in U.S. grants, set to fire 15,000 workers
The layoffs are a troubling sign for the Biden administration’s multibillion-dollar plan to rebuild the U.S. chip manufacturing industry.
Federal judge overturns $4.7B jury verdict in ‘Sunday Ticket’ suit in ruling for NFL
The jury had ruled the NFL violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service.
Emergency fuel waiver issued for Indiana, 3 other states to alleviate soaring gas prices
The EPA is issuing the emergency waiver to help alleviate gasoline shortages in four Midwest states after the shutdown of a refinery in Illinois.
NCAA targets boosters, collectives with mandatory disclosure of NIL deals
For some, it looks like an overstep by the NCAA. Others see ample precedent in professional leagues to support regulating NIL.
IU Health operating income falls 73% in first six months of 2024
Indiana University Health, one of the state’s largest hospital systems, saw patient volumes and revenue grow in the first six months of the year, but saw operating income fall as the costs of labor, supplies and drugs increased to meet higher demand for surgeries and patient care.
Number of Americans filing for jobless claims hits highest level in a year
The four-week average for continuing claims rose to 1,857,000, the most since December 2021.
CarShield to pay $10M to settle deceptive advertising charges
Many customers found that repair claims were often not covered despite making payments of up to $120 per month, the FTC said Wednesday. The FTC also alleged that CarShield’s celebrity and consumer endorsers made false statements in its ads.
WWE’s SummerSlam to be filled with action—and lots of sponsors
Indianapolis is on tap to host an upcoming SummerSlam as part of an agreement city hospitality officials reached earlier this year that will bring several big WWE events to Lucas Oil Stadium over the next eight years.
From Lady Gaga to Jack White: Tonic Ball reveals its honored acts
Tonic Ball will feature Indiana musicians performing the songs of Lady Gaga, Daryl Hall & John Oates, Parliament-Funkadelic and Jack White.
State officials celebrate as public pension system completes Chinese divestment
Comptroller Elise Nieshalla and Treasurer Daniel Elliott praised the pension system’s “speedy action” following 2023 legislation requiring divestment.
North of 96th roundup: Wally’s to break ground on expanded store in Whitestown
Multiple retailers, restaurants and other businesses recently opened, closed or began planning new locations in the north suburbs of Indianapolis.
Purdue, IU weigh in on the state’s new high school diplomas
Purdue University says the proposed new diplomas would not meet admission requirements, while Indiana University supports a special seal for college-bound students.
Credit union regulator issues employment ban against Carmel man
Jose Prado-Valero of Carmel pleaded guilty to financial institution fraud in April and is serving a federal prison term.
Judge says jury did not follow instructions on damages in ‘Sunday Ticket’ case
The federal jury on June 27 awarded $4.7 billion in damages to residential and commercial subscribers after it ruled the NFL violated antitrust laws.
Fed Chair Powell says September interest rate cut could be ‘on the table’ as inflation cools
Federal Reserve Chair Jerome Powell said Wednesday that the upcoming elections would have no influence on the Fed’s decisions.