11 Eastern Europeans charged in $10.6B Medicare fraud scheme
Prosecutors say the organization bought more than 30 previously legitimate U.S. companies and turned them from lawful businesses into consistent vehicles for fraud.
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Stocks rise to brink of a record, recover nearly all their 20% springtime drop
Wall Street’s worries about Trump’s tariffs have receded since the president stunned the world in April with stiff proposed levies, but they have not disappeared.
Indianapolis airport adds basketball court for WNBA All-Star festivities
On-court activities leading up to the July 19 All-Star Game range from a communal Zumba workout to an exhibition of disc-catching dogs.
Economy shrank more than previously estimated in first quarter
Economists expect growth to bounce back to 3% in the second quarter, according to a survey of forecasters.
Indiana lawmakers release bill-shaping interim committee topics
The Indiana Legislative Council on Wednesday approved the nearly two dozen topics that lawmakers will examine in interim study committees through the end of October.
GE Appliances moves washing machine production from China to Louisville with $490M investment
In all, production of more than 15 models of front load washers will shift to the company’s sprawling Louisville production complex—known as Appliance Park.
Formstack rebrands, relocates from Fishers to Colorado
Workplace-productivity software company Formstack was once one of the fastest-growing tech companies in the area and landed a state-record growth investment. Now, it has a new name and most of its operations are in Denver.
Indiana taxpayers pay nearly $500K for Rokita’s disciplinary defense
The state paid four law firms between 2022 and 2025 to represent Attorney General Todd Rokita in at least six separate matters before the Indiana Supreme Court Disciplinary Commission.
States can cut off Medicaid funding to Planned Parenthood, Supreme Court rules
While Medicaid law allows people to choose their own provider, it doesn’t make that a right enforceable in court, the justices found.
IU School of Medicine opens new $230M education and research building
The school’s primary classroom and education facility is being moved from its longtime home on the Indianapolis campus to be closer to the new IU Health teaching hospital, set to open in 2027.
Caitlin Clark ruled out for Sparks game with injury
Clark, last year’s WNBA Rookie of the Year, has already missed five of the team’s 14 games this season with a left quadriceps strain.
Epcon Communities planning 362-home development in Zionsville
The Courtyards of Heritage Trail would be Epcon’s eighth and largest Courtyard community in the metropolitan area.
Amid ongoing Elevate Ventures funding freeze, some companies approved for investments
Also, at Wednesday’s meeting, the IEDC board’s entrepreneurship committee updated the investment policy for the Indiana Angel Network Fund III LLC—the investment fund managed by Elevate Ventures through which the SSBCI money flows.
Maureen Weber stepping down as leader of Early Learning Indiana
Weber has been president and CEO of Early Learning Indiana since 2018.
Nestle says it will remove artificial dyes from US foods by 2026
Nestle joins Kraft Heinz and General Mills as major food companies to pledge they would remove artificial dyes from their U.S. products.
NBA Commissioner Adam Silver says league taking serious look at Achilles tears
The NBA had already convened a panel of experts to study Achilles tendon injuries even before Indiana Pacers star Tyrese Haliburton ruptured his in Game 7 of the NBA Finals, Commissioner Adam Silver said Wednesday night.
IEDC board approves incentives for four planned data center projects
The Indiana Economic Development Corp. estimates that the data center incentives are worth an estimated $168 million in total tax savings for the combined projects over the next 35 years.
Councilor Carlino walks back accusations against leadership, acknowledges ‘responsibility for not doing more’
The statement comes one day after the council’s Democratic Caucus met and, by at least one account, voted to expel Carlino. The council issued a statement late Wednesday saying she was still a caucus member.
Judge dismisses authors’ copyright lawsuit against Meta over AI training
Although Meta prevailed, the judge repeatedly indicated reasons to believe that Meta and other AI companies have turned into serial copyright infringers as they train their technology on books and other works created by humans.
Motorsports teams fear ‘catastrophic’ impact of disclosing financial records during court fight
Attorneys for 12 of NASCAR’s 15 race teams argued in federal court Tuesday that disclosing their financial records would ruin the competitive balance and warned that making such details public would put them all in danger.