Makers of billion-dollar drugs set to face their first U.S. price negotiations
Analysts expect Johnson & Johnson’s Xarelto blood thinner and Indianapolis-based Eli Lilly and Co.’s Jardiance for diabetes to be among the medications chosen.
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OpenAI unveils ChatGPT for businesses, stepping up revenue push
The rollout of ChatGPT Enterprise is a move forward in OpenAI’s plans to make money from its ubiquitous chatbot.
Jobs for America’s Graduates program to expand in Indiana
The number of Jobs for America’s Graduates, or JAG, programs in Indiana will double from 125 to 250 by the end of the next school year, according to Gov. Eric Holcomb.
Indiana’s health-care sector to shine at Rally innovation conference
With the new multimillion-dollar conference that kicks off on Tuesday, Indiana is trying to position itself as a globally known innovation hub. And health care will figure prominently on the agenda.
Moe’s Southwest Grill closes 8 of 17 Indiana restaurants, including 2 in Indianapolis
In addition to closing the two Indianapolis restaurants, the fast-casual Mexican chain closed three locations in the city’s suburbs.
3M agrees to pay more than $5.5B over combat earplugs made in Indianapolis
The settlement would avert a potentially much larger liability that 3M sought to curb through a controversial bankruptcy case involving Indianapolis-based Aearo Technologies that ultimately collapsed.
Auto union boss wants 46% raises, 32-hour workweeks in ‘war’ against Detroit carmakers
If it doesn’t have contracts with General Motors, Ford and Stellantis by the Sept. 14 deadline, the UAW could strike all three simultaneously—something it has never done.
Fishers restaurants to begin posting health department grades in September
Under the system, restaurants receive a letter grade from A to C based on a 100-point scale for sanitation.
Local software firm ConverSight.ai lands $9M in venture funding
Indianapolis-based software firm ConverSight.ai helps clients analyze their data and make business decisions. The company has raised a total of $15 million since its founding in 2017.
Italian steakhouse, coffee/wine bar planned for Proscenium tavern in Carmel
The tavern is part of the Proscenium mixed-use development by Carmel-based Birkla Investment Group and Dayton, Ohio-based Woolpert Inc., which opened in 2021.
ACLU of Indiana sues state over inmate’s request for sex-reassignment surgery
The ACLU claims a law passed earlier this year preventing state and federal dollars from being used for such surgeries is unconstitutional.
King’s Hawaiian eyes central Indiana for massive production campus
Plans call for the development to include a 368,000-square-foot main manufacturing plant, a 78,000-square-foot cold storage building and an 86,000-square-foot beverage plant.
Chambers’ record for political donations shows some bipartisan support
As owner of Buckingham Cos., a real estate firm, gubernatorial candidate Brad Chambers made 51 contributions between 1997 and 2022, according to records from the Federal Election Commission, as well as nine additional donations detailed by the Indiana Secretary of State’s campaign finance portal.
IBJ Podcast: State flipping public-input process for upgrading I-65, I-70 through Indianapolis
Indy residents say they want the state to consider elements like signage, the locations of interchanges, pedestrian safety and the way these corridors represent—or fail to represent—the city as a whole.
Global inflation pressures could become harder to manage in coming years, research suggests
Rising trade barriers, aging populations and broad transition to renewable energy are trends that could make it harder for the Federal Reserve and other central banks to meet their inflation targets.
State spending $7.7M on new firefighting training sites
Gov. Eric Holcomb on Friday announced the first phase of a large-scale plan to expand physical firefighting training for Hoosiers.
Auto parts maker to close Indiana plant with 155 workers
The plant produces automotive switch-related components such as steering pad switches, power seat switches, hazards, and door lock switches.
I Made Rock ’N’ Roll initiative to launch Black music festival in Indianapolis
Cultural firm GangGang and concert company Forty5 unveiled plans for I Made Rock ’N’ Roll during a Rock the Ruins show in Holliday Park on Friday night. Organizers said the festival will be the first of its kind in the United States.
Law firms see growing demand for advice on environmental, social investing issues
Business interests ranging from individual companies to investment funds are seeking legal advice on the drafting of internal compliance policies related to environmental, social and governance issues.
Utility expansion in HamCo’s tiny Bakers Corner could start development surge
Last year, Hamilton County announced a $45 million plan to extend sewer and water utilities to Bakers Corner. An additional $20 million from the state will allow the county to create a regional utility district.