Business

Wednesday’s business headlines

The latest business headlines

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

Facemasks

Vendors on Amazon are selling out of facemasks in response to rising demand for protection against the deadly coronavirus.

As inventory wanes, sellers are warning shoppers against buying counterfeit products in disclaimers and notes on product pages.

The fake facemasks are mostly ineffective in preventing against the coronavirus.

Super Bowl

A record number of Americans are expected to place wagers on the Super Bowl as more states legalize sports betting.

The American Gaming Association says about 26 million Americans are expected to bet on the game through various means, including brick-and-mortar sportsbooks and online platforms.

Coronavirus

The Trump administration hopes to begin an early-stage trial for a coronavirus vaccine within the next three months.

It could take a year or more before a vaccine is ready for sale to the public.

Meanwhile, CNBC reports the U.S. is weighing a ban on all flights from China in response to the fast-moving outbreak.

British Airways Wednesday morning announced it will cancel flights to China.

USMCA

President Trump is expected to sign the USMCA Wednesday.

The new NAFTA revamps the old agreement and means more trade for farm products and more access to Canada’s market for dairy farmers.

Canada still needs to approve the deal.

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