Monday’s business headlines

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

Midwest office

Three our of four midwestern companies that participated in Jones Lang LaSalle Survey said they would need about the same amount of office space post-pandemic.

This indicates that office demand is likely to remain stable after a vaccine or treatment for COVID-19 has been found.

That said, 23% of companies surveyed plan to significantly reduce the size of their office, which could lead to an increased vacancy in the short to medium-term.

About 64% of officers are open across the Midwest and by the end of the year that number is expected to increase to 86%, according to the survey.

Pepperoni

There’s a new coronavirus pandemic shortage of the nation’s most popular pizza topping.

Small pizza shops across the nation are reporting higher prices for pepperoni, according to Bloomberg.

Pepperoni’s price has gone up as much as 50% during the pandemic.

Pork processors short on workers while demand for pizza increases.

Walmart

Walmart will say open later at most if its stores in the United States, joining other large chains that have started to stay open longer than they did during the early days of pandemic.

The retailer in recent weeks has extended some stores’ closing time from 8:30 pm to 10 p.m.

A Walmart spokesperson said the additional hours will allow customers to spread out over a longer period of time.

iPhone

We usually see new flagship iPhones in September but Apple confirmed there will be a delay on the iPhone 11 sequels due to the coronavirus. That’s because early into the outbreak, COVID-19 forced suppliers in China to shut down or operate on a limited capacity.

From widgets and app libraries to picture-in-picture, you can expect a bunch of software as well as hardware upgrades to the new iPhones.

It’s also expected to be 5G compatible.