Tuesday’s business headlines

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INDIANAPOLIS (WISH) – Jane King is in with the latest business headlines.

Eli Lilly

Eli Lilly recently opened a new $75 million research facility in Indianapolis. The company’s CEO credited tax reform and other pro-growth policies that helped make it possible.

The building, off Kentucky Avenue, can have labs inserted and taken out as needed.

Researchers can also detach equipment and reconfigure the space as needed.

Pfizer

President Trump criticized Pfizer and other drug companies for raising the prices of dozens of drugs this month.

Trump tweeted that they are taking advantage of poor people.

Pfizer raised prices on drugs including Viagra and others.

Child care

Three of the top four reasons people are having fewer children than they’d like to are economic, according to a New York Times survey.

The expense of a child care was the top reason with 64 percent of people saying that is why they are not having kids.

The U.S. fertility rate is at a record low for the second consecutive year.

In Indiana, EPI determines the child care for up to a year is an average of $8,694.

Prime Day

A lot of retailers are seizing the opportunity to challenge Amazon and its nonstop hype around Prime Day.

Google, Gamestop, Ebay and others are having their own sales that day and hope to grab some of the bucks being spent on the internet.

This year, Amazon is raising the price for sellers to list lighting deals, which could eliminate some of the weaker offers.

© 2019 Circle City Broadcasting I, LLC. | All Rights Reserved.

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