Eli Lilly to build $3B manufacturing site in Netherlands
The facility is expected to produce oral medications, including Lilly’s highly anticipated GLP-1 pill for weight loss, orforglipron.
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American farmers welcome China’s promise to buy soybeans, but the deal doesn’t solve everything
The Chinese promise to buy at least 25 million metric tons of soybeans annually for next three years will bring their purchases back in line with where they were before President Donald Trump launched his trade war with China in the spring.
Trump cuts tariffs on China after meeting Xi in South Korea
President Donald Trump described his face-to-face meeting with Chinese leader Xi Jinping on Thursday as a roaring success.
White House says deal to put TikTok under US ownership could be finalized Thursday
If it happens, the deal would mark the end of months of uncertainty about the fate of the popular video-sharing platform in the United States.
Customs office planned at Indianapolis Executive Airport in Zionsville
Having a U.S. Customs and Border Protection office would allow international flights to land at the airport, which has a 7,001-foot runway and is the fifth-busiest non-towered general aviation airport for business traffic in the United States.
US, China say trade deal drawing closer as Trump, Xi prepare for high-stakes meeting
China’s top trade negotiator told reporters the two sides had reached a “preliminary consensus,” while Trump’s treasury secretary said there was “a very successful framework.”
US inflation stays elevated but prices rose less than feared last month
The data for Friday’s report was gathered before Oct. 1, but price data for October isn’t being gathered due to the government shutdown, and the Trump administration suggested Friday that an inflation report won’t be released next month.
Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes
Patrick De Haan, head of petroleum analysis for GasBuddy, said while it was difficult to predict with certainty, consumers could see a bump in prices as early as next week, if not sooner.
Hoosier ag leaders caution against Trump’s proposal to import beef from Argentina
Voices across Indiana’s beef cattle industry raised concerns including an existing trade deficit between the U.S. and Argentina, disruptions in the market and the quality of the imported beef.
Lilly partners with Indian company to sell blockbuster weight-loss drug under new name
Per the agreement, the Indianapolis-based drugmaker will continue to manufacture the drug, which India-based Cipla will sell under a new brand name.
Pharmaceutical, life science industries drive trade surge between Indiana and Portugal
Indiana’s growing partnership with Portugal includes imports like rubber, plastics and chemicals, the latter of which is driven largely by pharmaceuticals, according to a Portuguese trade representative.
US, Australia sign $8.5B critical-minerals agreement as a way to counter China
Earlier this month, Beijing announced that it will require foreign companies to get approval from the Chinese government to export magnets containing even trace amounts of rare-earth materials.
How China weaponized soybeans to squeeze US farmers—and spite Trump
President Donald Trump on social media called China’s decision to not buy soybeans “an Economically Hostile Act” amid its trade war with the U.S.
Chamber of Commerce sues Trump to block $100,000 fee for H-1B visas
The chamber’s lawsuit is not the first against the new visa fee, but it’s significant because it marks the first by the chamber, one of the most powerful and largest business groups in Washington.
Nestlé to cut 16K jobs globally as part of an intensifying cost-cutting campaign
Workers at Nestlé’s Anderson, Indiana, plant make and distribute Coffee mate’s traditional creamers, as well as the Natural Bliss line.
Ontario premier criticizes Trump after Stellantis says it will move production from Canada to US
The leader of Canada’s most populous province called for economic retaliation on the U.S. over Stellantis’ decision.
China vows to stand firm against Trump’s new tariff threat
It was China’s first official comment on President Trump’s threat to jack up the tax on imports from China by Nov. 1 in response to new Chinese restrictions on the export of rare earths
Trump suggests calling off Xi meeting after blasting China for restricting rare earths exports
The Republican president suggested that he was looking at a “massive increase” of import taxes on Chinese products in response to Chinese leader Xi Jinping’s moves.
How new federal data security regulations could affect Hoosier companies
Companies large and small could accidentally run afoul of the Data Security Program, a new federal regulatory framework that went into full effect this week.
Trump open to extending or changing US-Mexico-Canada trade deal
Canadian Prime Minister Mark Carney met with President Trump at the White House on Tuesday to discuss tariffs.