The annual figure is down from 8.4% in September. On a monthly basis, the government said Tuesday that its producer price index, which measures costs before they reach consumers, rose 0.2% in October from September.
The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states—but not Indiana—to provide medication refills and care for conditions like allergies, erectile disfunction, hair loss, migraines and urinary tract infections.
The move sets up a primary battle with Carmel City Council President Kevin “Woody” Rider, who said in September that he would run to lead Indiana’s fifth-largest city.
The proposed Cyntheanne Woods subdivision would be developed on about 41 acres at the southeast corner of East 136th Street and Cyntheanne Road.
The Cole Motor Redevelopment, which includes the former Jail II building and Arrestee Processing Center, is one step closer to receiving tax-increment financing.
Michael Barr, the Fed’s vice chair for supervision, said Congress should pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange.
The largest U.S. airlines, which accounted for the bulk of complaints about refunds, avoided fines, and an official said no other U.S. carriers are being investigated for potential fines.
The high-stakes battle involve a setup that generates an estimated $15 billion to $20 billion for Apple every year, which has helped lift its market value to nearly $2.4 trillion.
The future of President Biden’s student loan forgiveness program remains in doubt after a federal appeals court issued an injunction preventing the government from discharging any debt while it considers a lawsuit to end the policy.
It was supposed to be a “good-news” day for Indianapolis-based biotech Point Biopharma Global Inc. Instead, the company saw its stock get battered Monday, losing as much as 38% of its value, after it released a pair of announcements.
By Friday morning, Eli Lilly executives had ordered a halt to all Twitter ad campaigns—a potentially serious blow, given that the $330 billion company controls the kind of massive advertising budget that Musk says the company needs to avoid bankruptcy.
To tamp down on the growing number of opioid overdose deaths, Indiana stakeholders hope to explore ways to intervene earlier by analyzing “touchpoints” between Hoosiers and health care or criminal justice systems.
Gantenerumab’s demise is a boost for Indianapolis-based Eli Lilly and Biogen, which are also developing treatments for Alzheimer’s, said Tim Anderson, an analyst at Wolfe Research. Lilly shares were up 1.8% at midday.
Speaking at an IBJ economic forecast event Monday, a Fifth Third Bank economist said the chance of heading into another recession is “literally a toss-up, a coin flip.”
With the addition of Maryland and Missouri, 21 states have legalized recreational marijuana for adults over the past decade—even though it remains illegal under federal law.
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the tens of millions of dollars in financial pledges and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement.
The funding amount is one of the largest in recent years for an Indiana-based science startup.
In this week’s episode, reporter IBJ’s Mickey Shuey tries to gauge the potential impact on Indianapolis of having a tougher competitor for some of the city’s bread-and-butter business.
The 15-year-old Indianapolis-based company founded by organic farmer Matt Ewer and nutritionist Beth Blessing said it would permanently close after this week’s deliveries.
