Why Lilly is pouring billions into LEAP
In recent years, the pharmaceutical manufacturer has seen dizzying growth in its pipeline for a wide range of diseases. And modes of drug delivery are becoming increasingly complex.
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Elon Musk unveils Tesla’s ‘Cybercab,’ plans to bring autonomous driving tech to other models
Tesla expects the Cybercabs to cost under $30,000, Musk said. He estimated that the vehicles would become available in 2026, then added “before 2027.”
Consumer sentiment slips on frustration over high prices
The survey bottomed out in June 2022, when inflation peaked at 9.1%, and has since risen by about 40%, though it remains significantly below pre-pandemic levels.
Statehouse races to watch around Indianapolis, suburbs
Political forecasting for Indiana Statehouse races can be tricky. To help, IBJ spoke with party leaders ahead of Election Day to scope out which races could be competitive.
Stellantis, seeking to revive sales, makes some leadership changes
Stellantis announced a number of significant leadership changes on Thursday, including the timing of CEO Carlos Tavares’ retirement and the departure of its chief financial officer, as it struggles to revive sales in North America.
IU Indianapolis video-game lab gets museum designation
The Media Arts and Science Research Learning Arcade, or MARLA, at Indiana University Indianapolis has an ever-growing collection of some 550 vintage video games and 20 gaming consoles.
Holcomb heading to Greece on latest trade trip
Indiana Gov. Eric Holcomb is scheduled to lead a trade delegation to Athens in a trip organized by the Council of State Governments.
New statewide coalition aims to advance entrepreneurship
A national not-for-profit dedicated to championing entrepreneurship as a civic priority launched an initiative Thursday aimed at boosting entrepreneurship throughout Indiana.
Milton spares Florida factory that’s critical supplier of IV fluids
B. Braun Medical’s manufacturing site and distribution center in Daytona Beach were not seriously impacted by the hurricane, said a company spokesperson. The center produces about a quarter of the country’s IV fluids.
WNBA to expand Finals to 7-game series next season
The league also will change the opening-round format in the playoffs to ensure the lower seeded team plays a home game.
Hurricane Milton leaves at least 14 dead, but falls short of ‘worst-case scenario’
Milton weakened slightly before coming ashore as a still-powerful Category 3 hurricane. It turned slightly south of Tampa Bay rather than hitting it head on, sparing the heavily populated area a potentially devastating storm surge.
TD Bank to pay $3B in historic money-laundering settlement with Justice Department
The Justice Department said the bank allowed at least three different money laundering networks to move a total of $670 million through TD Bank accounts over a period of several years.
Indianapolis school leader suspended over sexually explicit email
The school hired an outside law firm to investigate whether Ryan Gall’s 2022 email “was part of a pattern of behavior or a regrettable lapse of judgment made in a moment of time,” according to the Victory College Prep board.
City’s first Black equity theater looks to cement legacy in 2nd season
The second season of Naptown African American Theatre Collective shows opens Oct. 17 with the Indiana premiere of “Judy’s Life’s Work.”
Milton knocks out power to millions, spawns 150 tornadoes across Florida
Hurricane Milton barreled into the Atlantic Ocean on Thursday after plowing across Florida. The storm caused at least four deaths and compounded the misery wrought by Helene while sparing Tampa a direct hit.
Attorney general says utility regulator can deny early coal plant retirements
The powerful Indiana Utility Regulatory Commission can—and should—investigate early retirements of coal-burning power plants, Indiana Attorney General Todd Rokita wrote.
Indiana Farm Bureau names taxes, local water rights as 2025 legislative priorities
The state’s largest agricultural lobbyist group announced its legislative priorities Thursday morning.
Inflation hits lowest point in three years, but core prices remain elevated
Excluding volatile food and energy costs, “core” prices, a gauge of underlying inflation, remained elevated in September, driven up by rising costs for medical care, clothing, auto insurance and airline fares.
U.S. jobless claims climb to highest level in a year
Analysts say the increase is more likely a result of Hurricane Helene—and the Boeing machinist strike—than a broader softening in the labor market.
Retirees to get 2.5% boost to Social Security checks in 2025
Monthly checks for some 72.5 million Americans receiving retirement or disability benefits will see a smaller adjustment than what they received this year after a further slowdown in inflation.