Business

Wednesday’s business headlines

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

Johnson & Johnson

Johnson & Johnson will end talc-based baby powder sales in North America.

The company has faced thousands of lawsuits from cancer patients who claim that its talc was contaminated with asbestos, a known carcinogen and that the company knew of the risks.

The company denied the allegations.

Museum

One in eight world museums may never reopen.

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Studies by Unesco and the International Council of Museums say some have been so financially damaged that they can’t afford to reopen.

Others say the new public health requirements make it possible to reopen safely.

Ninety percent of the world’s museums were closed by the coronavirus pandemic.

Parents’ debt

A new Lending Tree survey shows that the financial fallout from the coronavirus pandemic is particularly difficult for American parents with children.

According to the survey of over 1,000 parents with children under the age of 18, 56% said they are in debt due to the added financial strain of the pandemic all while balancing distance learning for children and working from home.

Single parents are struggling more.

Restaurants

Forty-seven percent of people will visit restaurants as soon as they reopen.

A Piper Jaffrey survey finds that almost half of respondents are likely to go to restaurants as soon as they reopen. However, that figure is down from 60% of respondents from Piper’s April survey.

Even as nearly half of the survey respondents indicated that they were likely to visit restaurants as soon as they reopened, 63% said that they will be more sensitive to eating in a crowded restaurant.

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