Eli Lilly says experimental drug slows decline from Alzheimer’s
If approved, Donanemab has annual multi-billion-dollar sales potential. Lilly shares rose 6% in early-afternoon trading.
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Darden buys Ruth’s Chris Steak House for about $715M
Indianapolis is home to two Ruth’s Chris locations—downtown at 45 S. Illinois St. and on the north side at 2727 E. 86th St.
Hogsett wins chance to seek a third term, will face best-funded GOP foe yet
Indianapolis Mayor Joe Hogsett soundly defeated Democratic challenger Robin Shackleford in Tuesday’s primary election, setting up a November showdown with Jefferson Shreve, a largely self-funded millionaire candidate who handily won the GOP nomination.
Elanco earns USDA’s OK for potential blockbuster parvovirus treatment
Elanco Animal Health President and CEO Jeff Simmons said the treatment is a potential blockbuster drug, with potential annual sales of more than $100 million.
Gentry, Stehr win Republican mayoral primaries in Lebanon, Zionsville
A two-term incumbent and a well-known former television journalist won Republican mayoral primaries Tuesday night in Boone County.
Retailer Tuesday Morning closing all stores, begins clearance sales
The discount home goods retailer has one remaining store in Indianapolis and another in Carmel that will soon be closing their doors.
Three Democratic incumbents on City-County Council defeated
Council vice president Zach Adamson and 30-year council veteran Monroe Gray were among those defeated.
School referendums for IPS, Speedway, Warren approved by voters
Three Marion County school districts had funding proposals on the ballot as voters headed to the polls Tuesday. And all three received approval.
Late-night TV shows go dark as writers strike for better pay
The first Hollywood strike in 15 years began Tuesday as the economic pressures of the streaming era prompted unionized TV and film writers to picket for better pay outside major studios.
Mayor Hogsett wins Democratic nomination, fending off challenge from Shackleford
With his supporters crowded around him, Indianapolis Mayor Joe Hogsett stood before a crowd at IBEW Local 481 to thank his allies who propelled him to victory as he seeks a third term.
Sue Finkam wins three-way GOP primary in Carmel
Finkam, a three-term member of the Carmel City Council, will face Democrat Miles Nelson in the November general election.
Scott Willis wins GOP mayoral primary in Westfield
No Democrats have filed to run for mayor, but that could change after the primary. If not, Willis could take office as mayor on Jan. 1.
Shreve tops Shabazz for Indy GOP mayoral nomination
Jefferson Shreve’s win sets up a November election battle against two-term incumbent Joe Hogsett, who won the Democratic primary and has been Shreve’s main target throughout the primary election season.
Election updates: Gentry, Stehr win Boone County primaries
Follow our blog throughout the evening for the latest developments and election results.
New York state to require gas-free new buildings
“This is where our nation has to go eventually,” New York Gov. Kathy Hochul said after negotiating with fellow Democrats to add the law to the state’s budget.
Carmel-based KAR to change its name to OpenLane
If the new name sounds familiar, that’s because KAR has been using it for a portion of its business after acquiring a California-based online auction company named OpenLane Inc. in 2011.
Cummins reports record 1Q revenue, raises full-year guidance
Cummins is forecasting revenue to be up 15% to 20% year-over-year, compared with its previous guidance of between 12% to 17%.
As Fed examines banking woes, small businesses already feel the crunch
All over the country, small-business owners are feeling the early consequences of this spring’s banking crisis, which spanned two chaotic weeks in March and is still ricocheting through the economy.
Townhouse complex planned near Lucas Oil Stadium amid Old Southside recovery
Meridian Enclave would consist of 16 townhouses spread across four buildings all in the same block, southeast of the intersection of Sycamore and Charles streets. In addition, the developer plans to rehabilitate two adjacent homes.
U.S. job openings dip to 9.6 million, lowest since 2021
The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020.