Business

Tuesday’s business headlines

The latest business headlines

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.

MORE BUSINESS STORIES

‘Taste of Hope’ benefits Indiana’s only recovery high school

INDIANAPOLIS (WISH) — Hundreds came out to support a local high school while enjoying food Sunday afternoon.

“Taste of Hope” is an event that supports Hope Academy, a public charter high school that helps students recovering from drug and alcohol addiction. It’s the only recovery high school in Indiana.

More than a dozen restaurants were on hand passing out samples.

Organizers said the event is one the school heavily relies on.

“We have a funding gap because we provide so much wrap-around services for our students in recovery and support,” said Rachelle Gardner with Hope Academy. “This helps decrease that gap for us.”

Guests also had the opportunity to tour the school and hear from students and administrators.

School officials hope the event brought more awareness to the issue of addiction.

MORE STORIES

LIKE US ON FACEBOOK