Trump posts video endorsing CBD for seniors. Researchers urge caution.
The video jolted the cannabis industry, sending stocks soaring and raising hopes that the president will take a permissive approach to marijuana.
Politics & Government
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Trump administration opens more land for coal mining, offers $625M to boost coal-fired power plants
Coal once provided more than half of U.S. electricity production, but its share dropped to about 15% in 2024, down from about 45% as recently as 2010.
College-reform bill could generate extra billions by allowing conferences to pool their TV rights
Democratic senators introduced a bill Monday that would rewrite a 1961 law prohibiting college sports conferences from banding together to sell their media rights.
Shutdown nears as Trump meeting yields no breakthrough with Congress
If Congress fails to approve a funding extension by the end of Tuesday, spending laws will expire and the U.S. government will become a bare-bones operation, continuing only functions necessary to protect life or public property.
Looming federal shutdown: Mass layoffs, fewer regulations and military deployments
Federal funds expire when the fiscal year ends Tuesday night, and Congress appears deadlocked over a stopgap measure that would keep agencies online for seven weeks while long-term negotiations continue.
National consultant joins Indiana group supporting independent candidates
IBJ spoke to Will Conway, a New York City-based veteran of multiple independent campaigns and movements, including that of Andrew Yang’s Forward Party.
Trump signs executive order supporting proposed deal to put TikTok under US ownership
Much is still unknown about the actual deal in the works, but President Trump said at a White House signing ceremony Thursday that Chinese leader Xi Jinping has agreed to move forward with it.
Trump to put import taxes on pharmaceuticals, kitchen cabinets, furniture and heavy trucks
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”
Trump’s corporate tax break worth $67B hits Biden-era snag
Trump’s recently enacted tax law sweetened a break for corporate research and development investments, a provision especially valuable to technology, pharmaceutical and manufacturing businesses. But some businesses won’t be able to take full advantage of the break.
State explores multiyear rate setting, performance incentives for utilities
Performance-incentive mechanisms and forecasted multiyear rate plans differ in their focus, with the former looks at output—such as capacity or reliability—while the latter looks at input—such as capital, labor or materials.
White House budget office tells agencies to draft mass firing plans ahead of potential shutdown
A reduction in force would not only lay off employees but eliminate their positions, which would trigger yet another massive upheaval in a federal workforce that has already faced major rounds of cuts this year.
IEDC board OKs public release of forensic audit of agency, affiliated entities
Gov. Mike Braun ordered the audit in April, citing unspecified concerns about transparency at the Indiana Economic Development Corp. and its related entities.
UPDATE: IEDC board allows Elevate Ventures to continue investment activity
The move came hours after Gov. Mike Braun—whose administration last spring froze funding for the nonprofit—made an unscheduled appearance at Elevate’s Rally innovation conference.
US cuts tariffs on EU-made cars to 15%, cementing trade terms
The U.S. lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago.
Indiana interim courts committee concludes without recommendations
After meeting for just over three cumulative hours this year, the interim courts committee came to a close Tuesday without making any recommendations on its assigned topic: medical debt.
Braun says Trump administration has not threatened state’s federal funding over redistricting
Still, Trump administration officials have been pushing Indiana Republicans to call a special session focused on redistricting. Most notably, Vice President J.D. Vance traveled to Indianapolis to speak with Braun.
Governor expands cabinet roles—but how far can dual office holding go in Indiana?
Gov. Mike Braun maintains that consolidating leadership will streamline state government and save taxpayer dollars. But when can one person legally hold two government offices at once?
Indiana agencies cut staff, contracts as mandatory spending plans roll in
A grim May revenue forecast prompted lawmakers to cut most agency appropriations by 5% in the latest budget—and authorized the State Budget Agency to withhold another 5%.
White House says $100K H-1B visa fee won’t apply to existing holders
India’s government expressed concern Saturday that the Trump administration move would dramatically raise the fee for visas that bring tech workers to the United States. More than 70% of H-1B visa holders are from India.
Trump reveals Murdochs, Dell could potentially take part in TikTok deal
Congress passed legislation calling for a TikTok ban to go into effect in January, but President Trump has repeatedly signed orders that have allowed it to keep operating in the United States.