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Monday’s business headlines

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

Lilly & Co.

United Health Group and Eli Lilly are teaming up to further study the effects of the drugmaker’s antibody therapy in high-risk COVID-19 patients.

The drug received Emergency Use Authorization from the FDA in November to treat patients with mild or moderate COVID-19 symptoms who are at high-risk for severe symptoms or hospitlization.

UnitedHealth will enroll 500,000 Medicare Advantage members who are diagnosed with COVID in the study.

Indiana factories

Two northeastern Indiana factories are slated to close in the coming months, eliminating more than 130 jobs.

Defense and aerospace supplier DCX-CHOL Enterprises has notified state officials that it expects to permanently close its Fort Wayn production site at the end of January.

The other planned closing involves the auto parts supplier Vibracuostic USA factory in Ligonier.

Energy prices

We can expect lower fuel and electric bills this winter, according to one energy expert.

Stephen Schork of the Schork Group said consumers won’t be paying much more than $2 per gallon for gas in the coming months.

Schork said heating costs for Americans this winter will be low as well with both heating oil and natural gas prices going down.

Zoom Santas

Zoom Santas are logging about four to six video calls an hour to kids and their families across the country, up to nine hours a day, on their website through Zoom.

The prices for a private chat ranges from $49 for five minutes to $69 for $10 minutes.

Santa is also suiting up behind plexiglass or waving to children from snow globe setup in malls.