Business

Thursday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Thursday’s business headlines.

Indianapolis

The Midwest tech start up scene is heating up.

Chicago investment firm M-25 says Indianapolis is the fifth best Midwestern city to start a high tech company.

It ranked Chicago at no. 1.

The group noted Indianapolis firm High Alpha, which invests in software companies, as a big reason for Indy’s high rating.

Animal health

Eli Lilly is expected to spin off its animal health unit into its own company sometime in the fall.

When that happens, it could likely be the year’s biggest IPO.

Lilly’s Elanco Animal Health business is estimated to be worth $3 billion.

Tesla

The government is ramping up its investigation of Tesla.

Fox Business reports the probe into CEO Elon Musk’s tweet about taking the private is now formal.

Releasing information like that, even if accurate could be problematic.

WiFi security

A group of engineers says they’ve created a way to detect bombs and guns using basic wifi.

The researchers, which include engineers from Rutgers University and Indiana University- Purdue University Indianapolis published a method that uses channel state information from run-of-the-mill wifi.

It can first identify whether there are dangerous objects in baggage without having to physically rifle through it.

It then determines the material and the risk level.

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