Wholesale inflation rises on higher energy costs
The overall increases were slightly less than economists had forecast. U.S. markets leapt higher immediately on the new inflation data.
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Purdue buys canal-front property downtown as part of Indy expansion
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
Biden signs executive order aimed at growing AI infrastructure in U.S.
The order on artificial intelligence seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centers and new clean power facilities, can be built quickly and at scale in the United States.
Council committee OKs $2.3M in TIF bonds for two apartment projects
A pair of apartment projects on Dr. Martin Luther King Jr. Street near the under-construction Indiana University Health hospital campus received initial approval for tax-increment financing bonds Monday evening.
IRS sending out automatic stimulus payments. Here’s who’s getting them.
The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments. By the end of January, about 1 million taxpayers will receive special payments of up to $1,400 from the IRS.
Starbucks reverses open-door policy for non-customers
If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something.
Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails
Comments by Cleveland-Cliffs chief executive Lourenco Goncalves came after the Biden administration over the weekend extended the deadline for Nippon to abandon its $14.9 billion bid for U.S. Steel to June.
Fishers City Council approves annexation of nearly 1,000 acres, but steps remain
The annexation of nearly 1,000 acres along the city’s southeast border would add 2,500 to 3,000 new residents.
IAC approves plan to spin off company once known as Angie’s List
New York City-based media conglomerate IAC, which acquired Indianapolis-based Angie’s List in 2017, announced Monday that it plans to spin off its ownership stake in the company, which now operates as Angi Inc.
Grand Park District could include 10,000-seat stadium, entertainment, offices and housing
A master plan released Monday shows Grand Park District would cover an area of about 152 acres north and south of 186th Street.
Medical software provider hc1 completes $6.25M funding round
The company said the funds would help it take advantage of its technology and expertise after its recent acquisition of Accumen, a Scottsdale, Arizona-based health care consultant.
WNBA unveils logo, host committee for 2025 All-Star game
The 2025 All-Star events, which were moved to Indianapolis in August, include community programs, entertainment and on-court activities such a skills competition and three-point contest.
Mike Braun sworn in as Indiana governor
In his first remarks as governor, the Jasper native pledged he would bring high energy and “entrepreneurial drive” to the job, upending the status quo.
Lilly acquires Scorpion Therapeutics in deal worth up to $2.5B
The Indianapolis-based drugmaker will acquire Scorpion’s STX-478, a once-daily oral treatment in early trials for breast cancer and other advanced solid tumors.
Lilly sees new weight-loss pill approval in early 2026, CEO says
Pills would be more convenient for patients and also easier to manufacture at large scale than other top weight-loss drugs, which require , CEO Dave Ricks said.
Deadline extended on Nippon’s bid for U.S. Steel, offering hope that deal isn’t dead
The new deadline, now in mid-June, was viewed by U.S. Steel—and investors—as an opportunity for the companies to complete the acquisition.
Steer-In restaurant eyes reopening after health department shutdown
A customer’s sighting of a mouse in Steer-In’s dining room led to a call to the health department, restaurant co-owner Casey Kehrer said.
Texas man charged with stalking Caitlin Clark, arrested in Indianapolis
The 55-year-old man allegedly sent numerous threats and sexually explicit messages to Clark via his social media accounts, including from IP addresses at a hotel and the library in downtown Indianapolis.
IBJ Podcast: Inside the mind of a rising Indy apartment developer
After five years with Indianapolis-based Birge & Held, Jarod Brown decided he wanted a business with his name on the door. For his HQ, he bought the former Broad Ripple Library.
Lawmakers propose transparency measures for Indiana Economic Development Corp.
The agency has been subject to criticism resulting from its handling of the LEAP Research and Innovation District in Boone County.