Elevance Health acquiring IU Health Plans
IU Health Plans offers Medicare Advantage plans in 36 counties serving 19,000 members as well as fully insured commercial plans for 12,000 more people.
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State divests from two investment funds over ESG, China connections
The Indiana Deferred Compensation Committee voted to eliminate public retirement assets from the funds as part of the state’s effort to divest from Chinese entities and funds prioritizing environmental, social and governance practices.
UIndy announces $5.2M alumni donation, endowed scholarship
The estate of Jack “J.J.” and Mary Kaye Ott, who met as students at the school, donated the sum.
IPS school board candidate removed from ballot by election board
The Marion County Election Board voted to strike Terrencio Davis from the ballot for the District 2 seat because he does not live in the district.
Kyle Larson to attempt ‘Double’ again in 2025, but 600 will take priority over 500
Larson in May became the fifth driver in history to attempt to complete both the Indy 500 and Coca-Cola 600, but weather issues thwarted the effort.
Denard Robinson, Braylon Edwards among former Michigan players suing NCAA, Big Ten Network
The federal class-action antitrust lawsuit claims the athletes lost out on more than $50 million during their college careers because of the association’s now-lifted ban on athletes being compensated for name, image and likeness.
Pacers leverage technology to improve the fan experience
Pacers executive Todd Taylor was the keynote speaker at IBJ’s Tech Exec of the Year event, which honored 10 technology leaders from business and government.
Andretti SPAC completes $230M initial public offering
Andretti Acquisition Corp. II is a special purpose acquisition company (often called a blank-check company), or SPAC, formed with the intent of acquiring another company and taking it public.
Labor costs remain high for small businesses, but report shows wage growth slowing for some
The Paychex Small Business Employment Watch found hourly earnings growth for workers at firms with 50 employees or less dropped below 3% for the first time since January 2021.
Scannell planning to recast airfield on east side as part of 1.5M-square-foot industrial park
The project, tentatively named the Post Road Airport Business Park, would consist of 10 buildings across more than 138 acres, ranging from just 40,000 square feet to nearly 300,000 square feet.
Marion County judge dismisses Indiana abortion records lawsuit
Superior Court Judge Timothy Oakes ruled in favor of the Indiana Department of Health, which stopped sharing the reports following the state’s adoption of a near-total abortion ban.
Americans lost $5.6B last year in cryptocurrency fraud scams, FBI says
The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies.
Report: Indiana tax system high for manufacturing, life sciences companies, but low for HQs
The Chamber of Commerce study found that Indiana’s total tax burden—state and local—has been consistently less than the U.S. average.
City-County Council OKs investigation into sexual harassment in Hogsett administration
The legislative body overwhelmingly approved the proposal, which authorizes an investigation by an independent human resources or law firm with no ties to city business, as well as the creation of a council investigative committee.
Participation in voucher-like education choice programs soars in Indiana
Participation in Indiana’s Education Scholarship Accounts and Career Scholarship Accounts has grown dramatically after lawmakers expanded student eligibility and allowed uses for funding.
Apple unveils iPhone 16, new watches and AirPods that act as hearing aids
On Monday, Apple pulled back the curtain on its new iPhone 16 and 16 Pro devices, all of which will be able to use the company’s new Apple Intelligence features as they become available.
Lilly names new chief financial officer
Lucas Montarce, who has been with Lilly since 2001 and most recently served as president for its Spain, Portugal and Greece operations, is now the company’s CFO and executive vice president.
South side of Soldiers and Sailors Monument closes for repairs
The fixes are part of a $60 million-plus restoration project that will focus on supporting the monument’s crumbling base, IBJ reported in 2022.
Illumine Coffee Co. joins downtown’s booming cafe landscape
Illumine will open a location at 11 S. Meridian St., taking over a spot previously occupied by a Hubbard & Cravens Coffee and Tea shop.
Indy receives $19.9M federal grant for safer street designs
Beginning next year, the Safe Streets and Roads for All funds will be used to study and redesign six road segments in Indianapolis.