Gov. Eric Holcomb will join Walmart executives today to celebrate the opening of Walmart's new 250,000-square-foot milk processing plant in Fort Wayne.
In addition to the governor and Walmart's Charles Redfield, executive vice president of food, and Tony Airoso, senior vice president of sourcing strategy, local dairy farmers are scheduled to participate in the event at 2322 W. Pleasant Center Road.
Construction on the state-of-the-art plant began in 2016, and Walmart created more than 300 jobs in both milk processing and transportation. The company is also working with nearly 30 local farmers to supply milk to the plant.
Gasoline costs fuel consumer price rise
U.S. consumer prices rose 0.2 percent in May, with surging gasoline costs driving much of the increase.
The Labor Department says the consumer price index climbed 2.8 percent in May from a year earlier, putting inflation on its fastest annual pace since February 2012. But core prices – which exclude the volatile food and energy categories – have risen a milder 2.2 percent over the past 12 months.
Inflation remains relatively tame, although it has picked up this year. Gasoline prices climbed 1.7 percent in May and surged 21.8 percent from a year ago.
GM continues push to all-electric autos
General Motors reiterated Tuesday that it is committed to an all-electric future and will increase production of its Bolt hatchback this year to meet worldwide demand.
The company's sustainability report, presented in conjunction with its annual shareholder meeting Tuesday, said it will launch more than 20 new zero-emissions vehicles in global markets by 2023.
GM has been aggressive this year in its push for electric and autonomous vehicle development, Chairman and CEO Mary Barra noted in meeting with reporters.
“Just 10 days ago we had an important announcement of a partnership with SoftBank. So if you look at where we are, it's a very exciting time,” she said.
Ford, Jeep SUVs face crash test problems
The Ford Explorer and Jeep Grand Cherokee fared worst among midsize SUVs in the latest crash test results from the Insurance Institute for Highway Safety.
In fact, damage to the Ford Explorer caused the structure to collapse, and both the Grand Cherokee and Honda Pilot showed the possibility of head injuries.
The ratings were based on results from the passenger-side small overlap test. A small overlap crash happens when the front corner of a vehicle strikes another vehicle or an object, according to a news release.
Alzheimer's drug trial phase halted
Eli Lilly and Co. and AstraZeneca are discontinuing the global phase 3 clinical trials of their Alzheimer's drug lanabecestat.
The decision is based on recommendations by an independent data monitoring committee, which concluded that both an Amaranth trial, in early Alzheimer's disease, and the daybreak-alz trial, in mild Alzheimer's disease dementia, were not likely to meet their primary objectives.
The companies said the decision was not based on safety concerns.