Business

Wednesday’s business headlines

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

Pondurance

Indianapolis-based Pondurance says it has acquired Texas-based advisory and assessment services provider Bearing Cybersecurity, though financial terms of the deal are not being disclosed.

Pondurance says as part of the acquisition, it will integrate Bearing’s flagship platform, MyCyberScorecard, into its group of managed services solutions available to customers.

Amazon

The first day of Amazon’s 48-hour Prime Day event is expected to have driven the most online sales over a 24-hour period so far this year.

Sales during the first 24 hours of Amazon’s mega sale, which kicked off Monday, are set to surpass $5.6 billion, 8.7% growth year-over-year, according to Adobe Analytics.

The biggest discounts found on Amazon’s website on Monday were for toys, Adobe said, with prices dropping 12% on average.

Tide, NASA

Tide and NASA are collaborating on the first laundry detergent designed for astronauts in space.

Challenges like cargo capacity mean astronauts must re-wear clothing many time before replacing it.

The ingredients will be tested under microgravity conditions and space-level radiation exposure.

Fast food

Restaurant chains including McDonald’s and KFC are paring back $5-and-under “value” items in favor of more expensive $10 to $30 combination meals, a strategy employed to lift sales and profits and offset rising food costs as the U.S. economy reopens.

So far, it’s working people are buying the more expensive meals.

Fast food chains are dealing with their higher raw costs of food.

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