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Monday’s business headlines

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

Manufacturer expanding

Continental Diamond Tool, a global provider of super abrasive grinding wheels and custom toolings, says it will expand its operation in Allen County.

It will add 225 jobs over the next four years.

Continental Diamond Tool produces products for a variety of industries, including medical, oil and gas, automotive and aerospace.

Nurses

Indiana will recognize nursing licenses from many other states with a new law taking effect this summer.

The law will have Indiana join the Nurse Licensure Compact, under which those with Indiana nursing licenses could work in other member states.

Supporters say it has been difficult to fill nursing jobs in rural southern Indiana without the licensing compact.

Indiana’s law takes effect on July 1.

Health insurance

The number of Americans without health insurance increased again in 2018, the second consecutive year that figure has risen after several years of declines under Obamacare.

The CDC says now about 30 million Americans didn’t have health insurance last year.

The tax cuts and jobs act of 2017 eliminated the health care law’s individual mandate that required people to get health insurance or pay a penalty.

Gas prices

Gas Buddy says drivers will soon see relief from the high prices in most parts of the county by Memorial Day.

Oil prices have fallen as China trade talks have faltered.

AAA says the current average in central Indiana is $2.76 a gallon.