Wednesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.
Rural broadband
The Agriculture Department is investing nearly $4 million to provide broadband service in unserved and underserved rural areas in Indiana.
The department says innovation in agriculture depends on access to reliable, high-speed internet.
These investments can help farmers operate more effectively and efficiently.
Big tech
Big tech may be broken up.
The clearest signal of that yet came from a House subcommittee that says Amazon, Facebook, Google and Apple are powerful monopolies like oil and railroad tycoons of years past.
More hearings are to come.
Meat plant
The coronavirus is unlikely to shut down meatpacking plants again now that producers have taken steps to stop the deadly bug from spreading, according to one top industry executive.
The protective measures such as temperature checks and “surveillance tests” have helped beef and pork producer JBS USA prevent major COVID-19 outbreaks among its workers.
Petco
Petco says it will no longer sell electronic collars, the first major pet products chain to pull the items from its stores and online.
Animal rights groups have long opposed use of the collars, arguing that they cause animals distress.
The move comes as part of a broader corporate transformation of Petco, which is seeking to establish itself as a health and wellness brand.