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Get ready to pay a little more for Pampers, Charmin, Bounty, and Puffs.Procter & Gamble said on Tuesday that it was in the process of raising Pampers' prices in North America by 4 percent. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5 percent.P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.These products are significant sales drivers and market share leaders for P&G.Food companies, such as Coke, Boston Beer, Hershey, and Tyson Foods, have announced price increases in recent weeks, but P&G's move will serve as a test for how willing Americans are to pay up for big household brands. The strategy could leave the company vulnerable to low-cost competitors or pushback from retail partners. Walmart was P&G's biggest buyer in 2017, accounting for 16% of its billion in sales."There is uncertainty and will be volatility with these pricing moves. They will negatively impact consumption. We'll have to adjust as we go and as we learn," Chief Financial Officer Jon Moeller told analysts on Tuesday.Pampers is P&G's largest brand, with annual sales of above billion. Last year, Bounty had more than a 40% global share of the paper towel market, and Charmin had more than a 25% share of toilet paper sales.The company expects the price increases to weigh on sales at first, but turn around shortly after.Shipping costs have spiked as demand for goods accelerates and the United States faces a shortage of truck drivers. "The transportation market, particularly in the [United States], has presented us with some challenges," he added.P&G said the two factors were outsized components in the baby, fabric, and home care cost structure.Pulp, which is made from trees, is the primary ingredient in Bounty, Puffs and Charmin, and a major material in Pampers.Since 2016, market prices for hardwood pulp have risen 60% and 20% for softwood. P&G sources both types from the United States and Canada and uses them to make tissue papers and diapers.Growing global demand, particularly in China, and tight supply have pushed up prices, said Arnaud Franco, a senior analyst at the Pulp and Paper Products Council.The Trump administration has placed 10% on tariffs on Canadian paper and Canada responded by enacting 10 perecent levies on several paper products, including toilet paper. But Franco said tariffs were not currently impacting prices.If China, however, decided to put tariffs on market pulp, US producers could get hurt, Franco said.P&G's biggest competitor is feeling the pinch too. Kimberly-Clark, the maker of Kleenex, Scott, and Huggies, said commodity costs last quarter were a "a drag of 0 million...primarily due to higher pulp costs and, secondarily, inflation in other raw materials."Canadian company Kruger Products announced last week that it was raising tissue prices in that country beginning in October to "offset unprecedented and sustained cost increases on input materials and freight." Kruger said pulp costs were up 23 percent since last year.P&G is also raising prices as it looks for ways to recoup lower prices in other major categories.The company's operating profit margin last quarter shrank more than 2 percentage points from last year in part because it dropped price tags on brands including Gillette razors, Crest toothpaste, and Luvs diapers. 3585

GLENDALE, Ariz. (AP) — The Arizona Coyotes have renounced their rights to their top 2020 draft pick after learning more about his bullying of a Black classmate four years ago.The team parted ways with Mitchell Miller after taking heat for selecting him in the fourth round earlier this month despite knowing of his 2016 assault conviction.Arizona acknowledged it knew about the incident when it selected Miller.President and CEO Xavier Gutierrez said discovering more about it, and the effect it had on bullying victim Isaiah Meyer-Crothers and his family led to this decision."We have decided to renounce the rights to Mitchell Miller, effective immediately," said Gutierrez in a press release. "Prior to selecting Mitchell in the NHL Draft, we were aware that a bullying incident took place in 2016. We do not condone this type of behavior but embraced this as a teachable moment to work with Mitchell to make him accountable for his actions and provide him with an opportunity to be a leader in anti-bullying and anti-racism efforts. We have learned more about the entire matter, and more importantly, the impact it has had on Isaiah and the Meyer-Crothers family. What we learned does not align with the core values and vision for our organization and leads to our decision to renounce our draft rights. On behalf of the Arizona Coyotes ownership and our entire organization, I would like to apologize to Isaiah and the Meyer-Crothers family. We are building a model franchise on and off the ice and will do the right thing for Isaiah and the Meyer-Crothers family, our fans, and our partners. Mr. Miller is now a free agent and can pursue his dream of becoming an NHL player elsewhere.The news comes after an extensive exposè of Miller's bullying Meyer-Crothers, who has developmental disabilities, back in Ohio, was published on Oct. 26 by the Arizona Republic.According to the Toledo Blade, Miller and another student were found delinquent on counts of assault and violating the Ohio Safe Schools Act.In court, Miller admitted that he and Hunter McKie made Meyer-Crothers "eat a candy push pop after wiping it in a bathroom urinal," the Toledo Blade reported back in 2016.Sylvania Schools suspended Miller after the incident.Miller becomes an NHL free agent effective immediately.According to ESPN, North Dakota head coach Brad Berry told the Grand Forks Herald that Miller was still part of their program. 2422

Have you noticed your favorite foods or products at the grocery store have gone up in price? It could be because a shortage of truck drivers is driving shipping prices up.Currently 50,000 truck drivers are needed to help ship your favorite everyday products across the country. Quincy Jones is the director at Sage Truck Driving School and says there are a few reasons why people aren’t becoming drivers.“Part of the reason is because the average truck driver is 55 years old and with the shortage of millennials coming in," Jones said.With drivers retiring and young people choosing four-year degrees, it's affecting deliveries. Companies like Coke, Hershey’s and General Mills have all said they have to pay more to get their items shipped to stores, which means wallets take a hit."I think ecommerce has a lot to do with it — just with the demand of everybody having to order stuff to have it delivered to their houses instead of actually going out and shopping for it,” Jones said.Being a truck driver can be a lucrative job right out of the gate, and it only takes four weeks of training. That’s one of the reason Sage student Miguel decided to sign up.“The money is really good, especially in this field — and I mean it’s just a lot to offer, benefits and money,” Miguel said.With a shortage of drivers, some companies are offering big signing bonuses for those considering driving. Solo drivers could receive a ,000 signing bonus, and team drivers could receive up to ,000.Jones believes more people would become drivers if they could afford the training.“With increased funding from the government helping with these new students through and getting them into the industry I think that’s a possible way,” he said.Even though Miguel is sacrificing a lot starting this career, he knows it’s beneficial to everyone.“It’s a full cycle. I get to provide for my family to provide for you guys. It’s a good turn around," Miguel said.  1984

Heads (and eyes) up, skywatchers! The annual Perseid meteor shower is underway and will hit its peak this weekend.The meteor shower, so named because the meteors appear to come from the constellation Perseus, lasts for several weeks – from July 17 to Aug. 24 – but peak meteor activity will take place between about 4 p.m. ET on Sunday, Aug. 12 and 4 a.m. on Monday, Aug. 13, according to NASA.During the peak, one can expect to see as many as 60 or 70 meteors per hour.Night sky conditions should be great for meteor viewing: The peak coincides perfectly with the new moon, meaning the sky will be plenty dark and meteors will be easy to spot. Most meteor showers are best after midnight. 702

HONG KONG – Hong Kong Disneyland is closing again due to COVID-19 concerns, according to multiple reports.In a statement obtained by CNN and CNBC, a Disney spokesperson said the resort will temporarily close starting on July 15.Disney says the closure is in line with COVID-19 prevention efforts that government and public health authorities are implementing across Hong Kong as the area experiences a spike in coronavirus cases.The spokesperson added that the resort’s hotels will remain open with “adjusted levels of services.”The closure comes less than a month after the park reopened to visitors on June 18 after first closing in January, when the coronavirus pandemic began in China.When the park reopened, officials implemented a list of health and safety measures, including social distancing in queues, restaurants, attraction vehicles and other facilities. Character experiences with close interaction were also suspended. And visitors were required to wear masks. The Hong Kong attraction was the second Disney-themed park to reopen worldwide, behind Shanghai Disneyland. The latest to reopen was Disney World in Orlando, Florida, over the weekend. Many are concerned about Disney World reopening as Florida continues to report major spikes in COVID-19. Just Sunday, the state shattered the national record for the largest single-day increase in positive coronavirus cases. California had the previous record of daily positive cases — 11,694, set on Wednesday. New York had 11,571 on April 15. 1512