Crypto firms acted like banks, then collapsed like dominoes
Last week, Genesis filed Chapter 11, joining Voyager Digital, Celsius and BlockFi on the list of companies that have either filed for bankruptcy protection or gone out of business.
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Elevance Health buys Louisiana insurer, pushing operations into 15th state
The two companies said the combination builds on a seven-year collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.
Black Acre Brewing Co. to close all locations
Black Acre’s original tap room, a production facility and a speakeasy-style bar will cease operations in February.
Furniture retailer closing Indianapolis-area stores
The move into the Indy area in 2014 was supposed to the first step in a multi-market expansion for Weekends Only Furniture & Mattress. The whole chain is now slated for liquidation.
Indiana life sciences companies raise record $620M in venture capital in 2022
The amount raised last year is roughly 43% larger than the previous record of $433 million, set in 2021, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life-sciences sector and tracks the funding.
Cummins debuts Indy education program for servicing diesel engines
The program in the engine maker’s global Technical Education for Communities initiative will be geared primarily for juniors and seniors at Arsenal Tech High School in Indianapolis.
Black legislators’ top priorities include auto-enrollment in state college tuition program
The push for automatic enrollment of eligible students in the state’s 21st Century Scholars program might be able to navigate the Legislature’s Republican supermajority due to Gov. Eric Holcomb’s backing.
Is tide turning against tipping as requests become automatic?
As more businesses adopt digital payment methods, customers are automatically being prompted to leave a gratuity—many times as high as 30%—at places they normally wouldn’t.
FDA proposes switching to annual coronavirus vaccine, mimicking flu model
The proposed change is designed to reduce the complexity of the vaccine regimen for the public, doctors and manufacturers. It also reflects a view that “chasing variants” with ever-changing booster formulations is ultimately futile.
Spotify to cut about 6% of jobs in latest tech layoffs
The music streaming giant has about 9,800 employees. In recent years it has made a massive investment in acquiring podcast networks, creation software, a hosting service and the rights to popular shows like “The Joe Rogan Experience” and “Armchair Expert.”
Indiana lawmakers gear up for debate over repealing certain floodplain requirements
Property owners and environmental advocates are clashing over a bill that would repeal a requirement for local officials to use the latest statewide floodplain maps when deciding new construction projects.
IBJ Podcast: Internet banking pioneer Becker has bucket list but isn’t going anywhere
The First Internet Bank of Indiana founder is 69 years old and says he has no plans to hand over the reins of CEO and chairman given that developing new products and services for the bank scratches his entrepreneurial itch.
IU real estate students launch $4.2M private equity firm
All of the money in the fund came from investments rather than donations, meaning those involved expect a return on their input.
Operative jumps from Haley team to Pence amid 2024 jostling
The switch between camps comes as potential GOP White House contenders seek to build out their operations in preparation for the launch of campaigns against former President Donald Trump for the 2024 nomination.
Indiana, other states readying privacy bills as Washington stalls
Lawmakers in at least nine states, including Indiana, have introduced so-called comprehensive privacy bills, which broadly seek to set limits around what consumer data companies can collect and how they use it.
Justice Department investigating Abbott baby formula plant
The factory’s closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.
Treasury Secretary Yellen says debt standoff risks ‘calamity’
The Biden administration and Republican lawmakers have been at loggerheads over how to increase the government’s legal borrowing capacity.
IPS offers more referendum funding for Innovation charters amid pressure
A revised revenue-sharing plan from Indianapolis Public Schools to increase the amount of funding affiliated charter schools would receive from a potential tax hike is still inadequate, charter-friendly groups say.
First small modular nuclear reactor certified for use in U.S.
The U.S. Nuclear Regulatory Commission has certified the design for what will be the United States’ first small modular nuclear reactor. The rule that certifies the design was published Thursday in the Federal Register. It means that companies seeking to build and operate a nuclear power plant can pick the design for a 50-megawatt, advanced […]
Top Biden aide and Indy native Klain expected to leave White House
Ron Klain’s departure also comes as the White House struggles to contain the fallout after classified documents dating from President Biden’s time as vice president were discovered at his home in Wilmington, Delaware, and at his former institute in Washington.