Judge blocks new Labor Department rule to expand overtime pay for millions
Trade groups argued the move would harm businesses and lead to costs that would potentially force employers to cut jobs or limit their workers’ hours.
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Trump comments have semiconductor chip industry anxious
Comments about the CHIPS and Science Act by President-elect Donald Trump and U.S. House Speaker Mike Johnson before the election have raised questions about whether the president and Congress are fully committed to the law that Indiana is deeply invested in.
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.
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.
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.
Trump taps Musk, Ramaswamy to oversee ‘drastic’ changes to U.S. government
The Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, will provide recommendations to slash regulations, cut staff and overhaul federal operations.
Trump expected to try to halt TikTok ban, allies say
The video-sharing app faces a January deadline to find a new owner not based in China or lose access to U.S. users, under a law passed in April with bipartisan support.
Minority-owned firms face ‘crisis’ as affirmative action programs fall
Minority- and women-owned businesses are bracing for the end of affirmative action in federal contracting—and the potential loss of contracts worth at least $70 billion a year.
IBJ Podcast: Pete the Planner on Trump’s potential impact on investors, taxes, inflation and the auto industry
The president-elect is expected to employ tariffs to influence trade, loosen government regulations on companies and try to lower corporate taxes. Pete weighs in on potential winners and losers.
U.S. agency says Tesla implies its vehicles can drive themselves. They can’t.
The agency began the investigation in October after getting reports of four crashes involving “Full Self-Driving” when Teslas encountered sun glare, fog and airborne dust. An Arizona pedestrian was killed in one of the crashes.
Election analysis: Telling stats behind Trump’s dominant victory
There is no escaping the fact that former President Donald Trump just experienced a remarkable victory. To put it in context, here are some striking statistics—and what they tell us.
New federal agency kickstarts Indiana kidney project with $44M award
Sen. Todd Young visited the 16 Tech innovation district Monday to underscore the work of a young federal agency that wants to shake up the conventional model of funding biomedical research.
Open Indiana congressional seats not shaping up to be competitive
Indiana’s 3rd, 6th and 8th districts and one of Indiana’s Senate seats don’t have incumbents running this year. But none of the races have emerged as competitive.
Apple, Goldman Sachs ordered to pay $89M for mishandling Apple Card transactions
The Consumer Finance Protection Bureau ordered Apple and Goldman Sachs to pay refunds and penalties for deceiving consumers and mishandled transaction disputes of Apple Card customers.
FTC’s rule banning fake online reviews goes into effect
The rule, which went into effect Monday, allows the agency to seek civil penalties against those who knowingly violate it.
Indiana joins multistate lawsuit seeking to halt federal nursing home staffing rule
A lawsuit filed Tuesday by 20 states challenging a federal rule mandating higher staffing levels in nursing homes alleges that facilities will be forced to close.
Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees
About 70.6 million Social Security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
In landmark move, EPA requires removal of all lead pipes within 10 years
The move comes nearly 40 years after Congress determined that lead pipes posed a serious risk to public health and banned them in new construction.
NFL stadiums will soon double as disaster shelters, federal officials say
The Federal Emergency Management Agency and the NFL are partnering to turn football stadiums across the country into emergency shelters, temporary hospitals and other venues needed during disasters.
Google expert at antitrust trial says government underestimates competition for online ad dollars
The government’s case alleges Google has built and maintained an illegal monopoly that restricts choices and inflates costs for online publishers and advertisers.