Purdue’s inaugural AI summit addresses need for education and training
Purdue’s inaugural AI summit, held Thursday in downtown Indianapolis, was a daylong event focused on AI and its impact on business, academia and the workforce.
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Many dealmakers in Indiana, across nation expect robust 2025
After higher interest rates and a sometimes shaky financial market put a damper on mergers and acquisitions in 2023, Indiana law firms that help facilitate deals are hopeful for a rebound this year.
Central Indiana existing-home sales surge 9%, inventories grow
Sales have now risen in four of the past seven months on a year-over-year basis following a 26-month streak of declining sales.
Advance Auto Parts closing hundreds of stores in effort to turn business around
The auto parts retailer, which has two dozen area stores, reported a loss of $6 million in its third quarter and lowered its full-year revenue outlook for the second consecutive quarter.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
After Powell’s cautious remarks Thursday, traders estimated the likelihood of a Federal Reserve rate cut in December at just below 59%, down from 83% a day earlier.
Lawrence Township teachers and administrators to receive raises
The Metropolitan School District of Lawrence Township will lift pay for its roughly 1,000 teachers and its administrators.
FTC is preparing to investigate Microsoft’s cloud business
The Federal Trade Commission is preparing to send a demand for documents and other records to Microsoft as it investigates alleged alleged anticompetitive practices, according to a person familiar with the investigation.
Alamo Drafthouse to open at intersection of movies and motorsports
Auto racing dominates the decor of the Alamo Drafthouse that will open Monday about 4 miles north of Indianapolis Motor Speedway.
Appeals court rules Indiana’s ban on gender-transition care for minors can remain
A panel of judges ruled 2-1 that the law’s restrictions are within the purview of the Indiana General Assembly and do not infringe on the constitutional rights of transgender children, their parents or medical providers.
Lilly expands research in Singapore with focus on sleep quality
Eli Lilly and Co. plans to set up a $31 million digital health innovation hub in Singapore, expanding its research and development in the city-state.
New FDA rules for TV drug ads: Simpler language and no distractions
TV remains the drug industry’s primary advertising format, with more than $4 billion spent in the past year, led by blockbuster drugs like weight-loss treatment Wegovy, according to ispot.tv, which tracks ads.
Indiana House committee chair assignments announced
Indiana House Speaker Todd Huston announced his largely unchanged roster of Republican committee chair appointments Thursday morning.
Report: Biden administration to adjust Medicare Star Ratings System
The scores have been the subject of several lawsuits filed by several health insurers—including Indianapolis-based Elevance Health—and managed care firms in recent months
Braun creates a dozen topical councils to guide administration transition
The councils will primarily focus on fiscal efficiency and improving the economy but also on issues involving public safety, energy and natural resources and health care.
Developer preparing for second phase of Farm development in Zionsville
Pittman Partners plans to build up to 225,000 square feet of commercial space at The Farm at the corner of Michigan Road and Sycamore Street.
Penske Entertainment acquires Grand Prix of Long Beach in advance of race’s 50th anniversary
Penske said it expected “to provide significant investment” in the experience for Long Beach fans, sponsors and hospitality customers, but it did not provide details or an amount it intended to spend on the race.
Indianapolis keeping NFL Scouting Combine through at least 2026
The decision, announced by the league Thursday, will keep the five-day event in the same city where it has been held since 1987.
Deferred maintenance emerges as higher ed state budget priority
Indiana’s public universities are seeking millions of dollars for capital projects, but the state’s Commission for Higher Education wants lawmakers to concentrate funding in the next budget cycle on deferred-maintenance projects.
Potential rails-to-trails project under discussion on southwest side
Indianapolis is “potentially interested in acquiring” the right of way for a future rail-to-trail conversion on the Craven Industrial Track, but hasn’t begun official discussions to purchase it.
Republicans win U.S. House, giving Trump, GOP control of Congress
When he returns to the White House, President-elect Donald Trump will be working with a Republican Party that has been completely transformed by his “Make America Great Again” movement and a Supreme Court dominated by conservative justices, including three that he appointed.