ESPN, Penn Entertainment strike $2B deal to rebrand sportsbooks as ESPN Bet
ESPN announced Tuesday that the sports media giant will partner with gambling operator Penn Entertainment to launch a nationwide string of ESPN-branded sportsbooks.
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Total Wine, Academy Sports, others adding Avon stores
Liquor superstore Total Wine & More is taking over 28,000-square-foot space formerly occupied by a Bed Bath & Beyond housewares retailer.
Cybersecurity firm Stamus Networks lands $6M investment
The funding round included participation from Indianapolis-based investors Elevate Ventures and VisionTech Partners.
Tensions rise in UAW contract talks with Stellantis as strike threat looms
The union is seeking more than 40% general pay raises over four years, restoration of pensions for newer hires, cost-of-living increases, an end to wage tiers, and other benefits.
ACLU lawsuit contends new Indiana law prevents police from being held accountable
A lawsuit filed in federal court by the American Civil Liberties Union of Indiana on Tuesday challenges a new state law that prohibits citizens from being within 25 feet of law enforcement officers.
Lundqvist returns to Meyer Shank for Indy’s second road course race of season
Saturday’s 85-lap race will be the series’ second on Indianapolis Motor Speedway’s road course this year and comes on the same weekend Xfinity and NASCAR drivers also compete on the track’s road course.
Upscale steakhouse chain planning downtown Indy entry
Houston-based Landry’s Inc. plans to open a Del Frisco’s Double Eagle Steak House in a space in downtown’s core that has housed several upscale eateries.
‘Good Bones’ series to end after new season, co-star announces
The eighth and final season of Indianapolis-based home renovation series “Good Bones” is scheduled to debut Aug. 15 on HGTV.
Inflation has steadily cooled, but hitting Fed’s target rate will be toughest mile
Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve’s 2% target rate is expected to be a much harder and slower grind.
Lilly stock soars to all-time high on strong sales, led by Mounjaro
Much of the excitement is due to strong results from Mounjaro, which hit the market in June 2022 as a treatment for Type 2 diabetes and rang up $979.7 million in the quarter.
Gray Eagle Golf Course planning two-level driving range with 160-foot-tall net
Plans call for the nets at Gray Eagle’s 38-acre driving range to be almost as tall as those used by TopGolf at its Fishers facility along Interstate 69. Gray Eagle also plans to build a 5,000-square-foot bar and restaurant inside a new clubhouse.
Truck dealer seeks tax breaks for $85M hub overhaul on south side
About 50 full-time jobs with an average pay of $29 per hour are expected to be created along with the expansion for Stoops Freightliner-Quality Trailer.
Indiana Chamber releases 2035 economic vision ahead of schedule
The ambitious vision seeks to advance workforce, education, business climate, infrastructure, quality of place and health initiatives.
Lilly reports surging profit, raises full-year guidance
The Indianapolis-based pharmaceutical company’s first-quarter performance was driven by strong sales of leading drugs for diabetes, cancer and other diseases.
Westfield now considering 3 companies to operate or manage Grand Park
The process to select a new operator or manager of the 400-acre sports campus was discussed Monday night at a meeting between the Westfield City Council and Redevelopment Commission.
Landmark Recovery seeks license reinstatement at Indiana locations
The filing comes about two weeks after the licenses were revoked by the Indiana Division of Mental Health and Addiction following three deaths at the Praxis Landmark Recovery center in Mishawaka.
Simon & Schuster purchased by private equity firm for $1.62B
The acquisition comes months after a federal judge blocked Simon & Schuster’s purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market.
Thousands of U.S. flights grounded, 1.1M lose power as strong storms hit
The storms’ spread was massive, with tornado watches and warnings posted across 10 states. By late Monday afternoon, about 1,500 U.S. flights had been canceled and more than 7,000 delayed, according to flight tracking service FlightAware.
Appeals court halts new Biden rules on debt relief for defrauded students
the U.S. Court of Appeals for the 5th Circuit issued an injunction to prevent the government from implementing regulations that took effect last month while it considers a lawsuit brought by Career Colleges and Schools of Texas.
MBX Biosciences gets FDA green light to move second drug into human testing
The U.S. Food and Drug Administration gave the green light to MBX to test a drug for post-bariatric hypoglycemia, a rare disease and a serious complication of bariatric surgery, the company said Monday.