Thursday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines.
Fastest growing jobs
The fastest growing job Indiana is prosthodontist.
They are trained in cosmetic dentistry, dental implants, crowns, bridges and dentures.
Yahoo Finance says some of the fastest growing jobs nationwide are in renewable energy, like solar panel installers and wind turbine technicians.
Eli Lilly
Eli Lilly is embracing a government proposal to end rebates that drugmakers make to industry middlemen.
Lilly says it could lower the cost of insulin and other prescription drugs.
In January, the Trump administration proposed a rule that would end the rebate system or pass along the savings to patients.
Cummins
Columbus-based Cummins says this year won’t be as great as expected.
Sales in North America improved by 17 percent.
Analysts have been watching it and other auto parts makers closely amid ongoing trade tensions with China, as well as slowing global economic growth, which could reduce demand for Cummins’ product and services.
Farm belt
A wave of bankruptcies is sweeping the U.S. farm belt.
The Wall Street Journal says through much of the Midwest, U.S. farmers are filing for chapter 12 bankruptcy protection at levels not seen for at least a decade.
Low commodity prices for milk, corn and soybeans combined with trade issues are making it hard for farms to turn a profit.