Tesla shares accelerate on new CEO, deliveries and charging deals
Shares jumped 7% Monday morning to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year.
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Activists spurred by affirmative action ruling sue over legacy admissions
A civil rights group is challenging legacy admissions at Harvard University, saying the practice discriminates against students of color by giving an unfair boost to the mostly white children of alumni.
What’s Bidenomics? President now embracing term that foes use as slur
Only 34% of U.S. adults approve of President Joe Biden’s leadership on the economy, according to a new poll from The Associated Press-NORC Center for Public Affairs.
Hendricks Regional Health looks within for new CEO
Dr. Michelle Fenoughty succeeds Kevin Speer, who resigned in March to lead Ascension St. Vincent Indiana.
IBJ Podcast: Lilly in middle of big battle over future of drug prices for seniors
In this week’s edition of the IBJ Podcast, reporter John Russell discusses Medicare’s new power to negotiate drug prices and its effects on patients, drug makers and the rest the health care industry. Eli Lilly and Co. would like to see some changes.
Pitney Bowes eliminating 311 jobs in Greenwood
Brett Cody, senior director of communications for Pitney Bowes, said the company is shifting its parcel delivery and returns operation to two other Midwest hubs “to more efficiently meet client demands and evolving market opportunities.”
Musk imposes daily limits on reading posts on Twitter
Twitter owner Elon Musk has limited the number of tweets that users can view each day—restrictions he described as an attempt to prevent unauthorized scraping of potentially valuable data from the social media platform.
Broad Ripple parking lots to be restricted and receive lighting, cameras
It’s another step toward crowd control following a shooting incident in the village on Sunday that killed three people and injured another as 400 to 500 people gathered in the area.
Bogus online reviews targeted by regulators with new, proposed bans
The Federal Trade Commission proposed a new rule Friday that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more.
Indiana offers nationally ranked entrepreneurship programs at IU, Purdue and Ball State
Indiana University’s undergraduate entrepreneurship program ranks sixth in the nation, according to U.S. News & World Report. And both Ball State University and Purdue University offer programs that are among the 50 best in the country, according to the Princeton Review.
Noble Roman’s sparring with investor over proposed leadership shake-up
West Fargo, North Dakota-based restaurant operator BT Brands Inc. filed a proxy statement this month asking shareholders to vote for its own CEO, Gary Copperud, rather than reelect Noble Roman’s CEO Scott Mobley to the five-member Noble Roman’s board.
Drugmakers warn new law will deter discoveries
David Ricks, CEO of Indianapolis-based drugmaker Eli Lilly and Co., is turning up the volume on his concerns over a new law that would allow Medicare, for the first time, to negotiate drug prices.
Acquisitions, honors elevate stature of Indiana online media companies
Static Media, Uncovered and Audily—three media companies launched in Indiana—are growing thanks to acquisitions and outside recognition.
Split-level roundabout planned at 146th/Hazel Dell in Noblesville
Hamilton County officials are in the design phase of a plan to convert the Noblesville intersection to a $32 million split-level roundabout interchange. Construction is expected to begin in the summer of 2026.
ESPN job cuts include Jalen Rose, Jeff Van Gundy and other on-air talent
ESPN continued a summer of layoffs Friday, announcing cuts that are expected to claim about 20 on-camera and potentially high-profile jobs as the sports giant downsizes for the streaming era.
IRS throws chill into collectives paying college athletes while claiming not-for-profit status
The rapidly expanding landscape of not-for-profit, donor-backed collectives paying college athletes to promote charities has been hit with a potentially seismic disruption.
Inflation gauge tracked by the Federal Reserve falls to lowest point in 2 years
Last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs.
UPDATE: Indiana Supreme Court upholds state’s abortion ban
The state’s high court nixed a preliminary injunction that has kept the ban on hold since September.
Supreme Court rejects Biden’s plan to cancel $400 billion in student loans
The court held that the administration needs Congress’ endorsement before undertaking so costly a program.
U.S. Supreme Court sides with web designer who won’t do gay wedding websites
In a defeat for gay rights, the Supreme Court’s conservative majority ruled Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.