INDIANAPOLIS (WISH) — Here’s a look at Wednesday’s business headlines with Jane King, who has a look at retail sales, an ice cream recall, and a new offering from Wendy’s.
Retail sales fall in May
Consumers pulled back spending in May, new government reports show.
Retail sales fell especially at auto dealers, gas stations and homebuilders. Meanwhile, homebuilder sentiment is close to a pandemic low as economic uncertainty plagues consumers.
Energy companies fear infrastructure attacks
In recent days, some energy facilities have been hit in the Middle East. Even though key oil and gas infrastructure has been spared, those executives are weighing in.
The CEOs of Total Energies, Shell, and enquest all told CNBC that further attacks on critical energy outposts could have serious consequences on global oil supply and prices.
The recent attacks are being seen by oil traders as the most significant geopolitical event since Russia launched its full-scale invasion of Ukraine in 2022.
Breyers recalls ice cream
Breyers, the popular ice cream brand, has voluntarily recalled one of its products due to mislabeling and undeclared allergens.
Breyers rocky road ice cream was accidentally placed in the packaging for chocolate truffle ice cream, U.S. food inspectors say. The container also has a rocky road ice cream lid on it.
The tub says “may contain tree nuts,” while the lid declares almonds as an ingredient. This could be harmful to people with nut or almond allergies.
Lilly getting more involved in cardiac care
Lilly is venturing further into heart care. It is buying gene editing start up verve therapeutics for more than $1 billion.
The companies will partner to develop one-time, gene editing therapies to reduce high cholesterol in people with heart disease.
Wendy’s takes a chance on Takis meal
Starting this Friday, fans will be able to get the new Takis Fuego meal, which has its spicy chicken sandwich topped with crushed Takis Fuego chips, a chili lime sauce, and creamy corn spread. Wendy’s says it’s a mix of spicy, crunchy, and savory.
