Wednesday’s business headlines

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

Water shortage

The federal government has declared the first-ever shortage of water on the Colorado River.

This is triggering cutbacks in several states that will hit farmers particularly hard during a drought that has punished the Southwest.

The cuts, set to take effect in 2022, will primarily affect Arizona.

UPS

UPS says it will require employees in certain U.S. locations to be vaccinated when they return to teh office.

The decision comes after the FDA granted full approval to the Pfizer/Biotech vaccine, a move that is expected to spur a string of similar mandates from corporate employers.

Boeing

The FAA has opened a new Boeing safety review after employees warned about conflicts of interest.

The Washington Post reports there are fresh concerns that Boeing employees doing safety work on behalf of the government face pressure to serve the company’s interests rather than those of the public.

GameStop

The GameStop surges 27% to lead meme stock rally.

More than 14 million shares changed hands, seven times more than its 30-day average.

Other so called “meme” stocks like AMC, Bed Bath and Beyond and Robinhood also jumped on no apparent news.