Business

Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Amazon natural gas

Amazon ordered over 700 compressed natural gas trucks.

Reuters reports the trucks will use engines provided by a joint venture between Cummins and Westport Fuel Sytems.

The company previously pledged to become carbon neutral by 2040.

Housing market

The breakneck pace of home-price growth nationwide has caused more cities nationwide to become overvalued.

Fitch analysts estimate that home prices are 5.5% overvalued nationally as of the fourth quarter of 2020.

Fitch says the economy hasn’t caught up to housing prices.

Pfizer efficiency

Pfizer expects to nearly cut in half the amount of time it takes to produce a batch of COVID-19 vaccine from 110 days to an average of 60.

It says it’s made the process more efficent as it gets used to making the vaccines.

As of Saturday, about 20.6 million doses of the Pfizer vaccine had been administered nationwide.

Gas prices up

Gas prices are up nationwide.

The national average price for a gallon of regular gasoline was $2.45.

AAA says the current average in central Indiana is $2.37.

Analysts expect higher prices at the pump throughout the month.

LIKE US ON FACEBOOK

MORE STORIES