7/16/26 PM UPDATE: Two Indiana health clinics plan merger; IU invests $7 million in creative economy; Eli Lilly buys psychedelic drug developer in a $3.8 billion deal

Inside Indiana Business Radio for the afternoon of July 16, 2026. Valparaiso-based HealthLinc and Heart City Health in Elkhart have announced plans to merge. Indiana University is investing $7 million to support workforce development, talent retention and infrastructure for the creative economy in the Indiana Uplands region. The labor dispute between BP and the United Steelworkers union continues at the Whiting Refinery as local officials call for an end to the four-month lockout of more than 800 workers. Michiana restaurant Kate's Kitchen is bringing flavors from across Africa to northern Indiana. Eli Lilly plans to acquire a New York company developing psychedelic treatments for depression in a deal worth up to $3.8 billion. Plus, Greater Lafayette Commerce is launching a business succession initiative to help connect retiring business owners with prospective buyers. Get the latest business news from throughout the state at InsideINdianaBusiness.com.