FDA panel urges rejection of experimental Alzheimer’s drug
The Biogen drug, known as aducanumab, does not cure or reverse Alzheimer’s, but it might modestly slow the rate of decline.
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Indiana COVID-19 cases top 5,000, hitting record for fourth straight day
Hospitalizations due to COVID-19 also rose to another high in Indiana, as did testing of new individuals.
U.S. consumer borrowing increases by $16.2 billion
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
COVID-19 cases, hospitalizations, testing hit new high marks
The Indiana State Department of Health on Friday said the seven-day moving average for COVID-19 cases reached another all-time high of 3,576.
Fed signals readiness to do more for economy as virus rages
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Biden pushes closer to victory as Trump presses legal moves
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
Company winding down ventilator production in Kokomo
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
Indiana COVID-19 cases, hospitalizations surge to another high
The Indiana State Department of Health on Thursday reported 45 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for 10 straight days and have been in double digits 28 times over the past 30 days.
AstraZeneca to deliver vaccine trial data by year’s end
AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses in January, CEO Pascal Soriot said Thursday.
U.S. productivity increases 4.9% in third quarter
U.S. labor costs fell by 8.9% in the third quarter after rising by 8.5% in the second quarter, the Labor Department reported Thursday.
Unemployment claims fall nationally, tick up in Indiana
The number of Americans seeking unemployment benefits fell by 7,000 last week, to 751,000, continuing a slow decline but remaining at a still-historically high level.
Holcomb not planning new pandemic restrictions despite surge in cases
Indiana Gov. Eric Holcomb on Wednesday did not impose new restrictions, despite rumors suggesting he was planning to do so amid record cases and hospitalizations.
Stocks mount big rally as investors embrace election results
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.
Presidency hinges on tight races in battleground states
Neither candidate has yet cleared the 270 Electoral College votes needed to win the White House, and the margins were tight in several battleground states.
COVID-19 cases, hospitalizations, testing hit all-time highs in Indiana
The state on Wednesday reported 25 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for nine straight days and have been in double digits 27 times over the past 29 days.
Caution arises on rapid COVID-19 tests in asymptomatic people
One of the first states to receive rapid, low-cost coronavirus tests from the U.S. government is cautioning against their use in asymptomatic people, a group that were hoped to benefit most from the technology.
KAR turns higher-than-expected quarterly profit despite missing revenue projections
The Carmel-based company said its results for the first nine months of 2020 have been “significantly impacted by the COVID-19 pandemic.”
Stocks put together biggest 2-day rally since September
The Dow Jones industrial average closed 554 points higher, led by a surge in bank shares as Treasury yields spiked on speculation that Congress will deliver a spending bill once the election is decided.
Virus hospitalizations surge as pandemic shadows U.S. election
Indiana, Missouri, Oklahoma, Iowa, Nebraska, North Dakota, and New Mexico all reported record high hospitalizations this week.
Long lines, enthusiasm, but no major problems as U.S. votes
At least 101.9 million people had already voted before Election Day, about 73 percent of the nearly 139 million who cast ballots in 2016, according to data collected by The Associated Press.