INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Eli Lilly
There’s another setback for an Alzheimer’s treatment.
The drugs from Eli Lilly and Roche failed to help people with a rare, inherited form of the dementia-causing disease.
The negative outcome continues a long streak of studies in which experimental drugs fail to slow, halt or reverse the underlying worsening of Alzheimer’s disease.
Simon malls
Indianapolis-based Simon is buying Taubman Centers.
The deal is worth $3.6 billion and the merged company would own about 250 properties nationwide.
Simon owns 10 shopping centers in Indiana, including Castleton Square, Circle Center, the Fashion Mall at Keystone and Greenwood Park Mall.
Equifax
A federal grand jury has charged four members of the Chinese people’s liberation army with hacking Equifax in one of the largest hacks on record.
Nearly 150 million Americans had their data breached.
The charges underscored China’s quest to obtain Americans’ data and its willingness to flout a 2015 agreement to refrain from hacking and cyber attacks, all in an effort to expand economic power and influence.
Food prices
Food prices are soaring in China because of the coronavirus and swine fever.
Because we sell so much food to China, it could impact prices in the United States.
Pork is up 116% compared to a year ago.
