Business

Wednesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

IU School of Medicine

The Indiana University School of Medicine has recieved $1.3 million from the U.S. Department of Health and Human Services to launch a statewide Alzheimer’s disease program intiative.

The three-year program intends to enhance, strengthen and support people with Alzheimer’s disease and related dementias.

The IU Center for Health Innovation and Implementation Science said the goal is to build upon the existing home and community-based social supports to maximize the ability of patients with Alzheimer’s to remain independent in their communities.

TikTok

The U.S. government is reviewing Oracle’s “trusted tech partnership” with contrvoersial and Chinese-owned short video app TikTok, and could render a decision on whether to approve the deal as early as Wednesday.

Trending Headlines

The deal is seen as controversial by some members of the Trump administration because it didn’t fulfill the president’s initial standard that any deal for TikTok’s U.S. operations maintain no Chinese involvement.

Facebook

The FTC is preparing a possible antitrust lawsuit against Facebook Inc. that it could file by the end of the year, according to people familiar with the matter who spoke to the Wall Street Journal.

This is a case that would challenge the company’s dominant position in social media.

They are looking to see if Facebook stifles competition.

Federal Reserve

The Federal Reserve wraps up a two-day meeting Wednesday.

The FED will update its forecasts, providing a roadmap for the course the economy, labor market, inflation and interest rates could take over the next few years. And it could provide clues about just how long rates will stay at rock bottom.

No change in interest rates is expected.

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