Small businesses in need of loans find stingier lending landscape
Only about 30% of businesses that applied for financing last year got the full amount that they asked for, down from about half in 2019.
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Elon Musk takes 9.2% stake in Twitter; shares skyrocket
Twitter shares exploded 26% in premarket trading after the Securities and Exchange Commission filing showed that Musk snapped up more than 73 million shares, valued at $2.89 billion.
IBJ Podcast: The story behind Andrea Bocelli’s big gig with ISO in Indy
In this week’s episode of the podcast, IBJ arts reporter Dave Lindquist talks with James Johnson, the CEO of the orchestra, about how the Bocelli show came to be and what will make it special for the ISO and the city.
Long COVID accelerating revolution in medical research
The government estimates that between 7.7 and 23 million people may already have long COVID.
Russia war could further escalate auto prices and shortages
The war’s damage to the auto industry has emerged first in Europe. But U.S. production will likely suffer eventually, too, if Russian exports of metals—from palladium for catalytic converters to nickel for electric vehicle batteries—are cut off.
2 workers hurt when building collapses in Johnson County
Some of the workers had to be pulled out of the collapsed structure, said Whiteland Fire Chief Eric Funkhouser.
Thad Matta to return to Butler University to coach men’s basketball
Matta, who took Ohio State University to two Final Fours, coached Butler in the 2000-2001 season and also played at Butler. He replaces LaVall Jordan, whom the school fired on Friday.
Battle heats up over remaining federal rental assistance
The debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds.
States look for solutions as fentanyl deaths keep rising
Last year, more than 100,000 Americans died of drug overdoses. About two-thirds of the deaths were linked to fentanyl and other synthetic drugs, which can be 50 to 100 times more potent than morphine, heroin or prescription opioids.
City-County Council releases proposed redistricting map
Proposal 157 and the accompanying map come after a two-month, 10-part public forum series and a summary report published earlier this month.
Broad Ripple booms with new developments that are attracting residents
A six-story, $65 million, multifamily planned redevelopment of the former Kroger store in the heart of Broad Ripple is the latest in a series of substantial projects.
Business owners see short-term pain, long-term gains in year of construction
Work to improve stormwater drainage, plus bridge repair and additions of a trail and elevated crosswalks, will disrupt Broad Ripple through next spring.
Newfields and inclusion are a work in progress
A year after the art museum and gardens unveiled a diversity, equity, inclusion and access plan designed to rebuild trust, it continues to work toward becoming empathetic, multicultural and anti-racist.
Indiana to double post-election audits in general elections
Post-election audits are done by manually checking a randomized sample of paper-voted ballots. In an audit, ballots are not tallied by scanners, and every sampled ballot is hand-counted to determine if the initial machine readings are confirmed and accurate.
House passes $35-a-month insulin cap as Dems seek wider bill
The Affordable Insulin Now Act will serve as a political vehicle to rally Democrats and force Republicans who oppose it into uncomfortable votes ahead of the midterms.
What’s the future for a Democrat turned independent on the City-County Council?
Councilor Ethan Evans, who announced this week he was leaving the Democratic Party to become an independent, likely will no longer be allowed to caucus privately with majority Democrats on strategy and priorities.
Butler fires head basketball coach LaVall Jordan after five seasons
The firing follows back-to-back sub-.500 seasons for the Bulldogs, who have failed to reach the postseason since 2019.
New vehicles must average 40 miles per gallon in 2026, up from 24 mpg
The new requirements increase gas mileage by 8% per year for model years 2024 and 2025 and 10% in the 2026 model year.
Vertex hopes military contract will bring business to Indianapolis site
Vertex announced this week that it has been awarded a seat on a $46 billion Air Force contract, which gives the company the right to bid on projects that fall under the contract.
U.S. added 431,000 jobs in March in sign of economic strength
The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%. That’s the lowest rate since the pandemic erupted two years ago and just above the half-century low of 3.5% that was reached two years ago.