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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
HONOLULU (AP) — Hurricane Douglas is gathering strength as it heads west toward the Hawaiian Islands on a track to potentially bring strong winds and flash flooding to the island chain over the weekend. The storm is getting stronger Thursday, becoming a Category 3 hurricane with maximum sustained winds of 120 mph. Cooler waters east of Hawaii and wind shear are expected to weaken the storm before it reaches the islands. 432
HOOVER, Ala. (AP) — Police in Alabama on Saturday were searching for a gunman whom they believe was responsible for shooting two teenagers at a shopping mall on Thanksgiving night.The incident began with a fight and shooting in suburban Birmingham at the Riverchase Galleria, a mall crowded with Black Friday bargain hunters. An 18-year-old was shot twice and a 12-year-old bystander was shot in the back.An officer responding to the scene then shot and killed 21-year-old Emantic Fitzgerald Bradford, Jr. of Hueytown. Police said Bradford was fleeing the scene and was brandishing a weapon.Police initially told reporters they thought Bradford had shot the teen after a fight but retracted that statement Friday night."New evidence now suggests that while Mr. Bradford may have been involved in some aspect of the altercation, he likely did not fire the rounds that injured the 18-year-old victim," Hoover Police Captain Gregg Rector said in a statement.Police said they "regret that our initial media release was not totally accurate."Rector said investigators now believe that more than two people were involved in the initial fight ahead of the shooting, and that "at least one gunman" is still at large who could be responsible for the shooting of an 18-year-old male and 12-year-old female.Video posted on social media by shoppers showed a chaotic scene as shoppers fled the mall, which closed for the remainder of Thursday night.The Alabama Law Enforcement Agency has taken the lead role in the investigation since it is an officer-involved shooting.Hoover police asked for anyone with information, photos or video evidence of this crime scene to please contact investigators.A witness, Lexi Joiner, told Al.com she was shopping with her mother when the gunfire started. Joiner said she heard six or seven shots and was ordered, along with some other shoppers, into a supply closet for cover."It was terrifying," Joiner said.A woman who described herself as the mother of the injured 12-year-old posted on social media that the girl was on a Black Friday shopping trip with other family members when the shooting happened, and didn't immediately realize that the pain in her back was from a bullet."She was hurting a lot, but very brave and positive as always," the mother wrote after seeing the girl when she arrived at a hospital.Hoover police said Friday morning that the girl was in stable condition.The officer who shot the gunman was placed on administrative leave while the authorities investigate the shooting. The officer's name was not released. The officers were not hurt.The Riverchase Galleria mall bills itself as the largest enclosed shopping center in Alabama, with more than 150 stores. 2718
Here's what our region looks like this morning. Be careful out there, Houston ?? pic.twitter.com/eEqKfWIcv0— houstontranstar (@houstontranstar) September 22, 2020 170
Growing mental health issues among college students were already a concern. Now, schools are preparing for what comes next in the fall, because of both the pandemic and also the renewed attention on racism in our country.About 24% of college students were diagnosed with or treated for anxiety problems last year, according to a study by the American College Health Association. That's up from about 10% a decade earlier. It's a similar trend among the number of students diagnosed with or treated for depression.“We're expecting those statistics to really skyrocket in terms of students just feeling a lot of fear, a lot of uncertainty, a lot of anxiety, a lot of despair with what has been going on and what things look like perhaps for them,” said Dr. Joy Himmel, an American College Health Association fellow.Himmel is a member of the COVID-19 task force for the American College Health Association. She says schools have already shifted to doing more remote telehealth sessions for mental health. But it has been a challenge in some places because of licensing across state lines.A lot of states have done waivers to allow this. Himmel is concerned about when states of emergency are lifted, and these waivers won't be there anymore. She says it will also be important to focus particularly on freshmen.“One of the things that I think builds camaraderie, builds enthusiasm and energy for students is that bonding with fellow students,” said Himmel. “We're very social in terms of our humanness and we need each other and so it's very important to really look at physical distancing, not social distancing and create social caveats for students to connect.”Counseling staff at Howard University tell the Wall Street Journal they're planning an online program for first year students to address this issue of a freshman year without the typical experiences.Counseling staff members at Tulsa Community College say they're doing trauma training now to be prepared to help students.At Pace University, they've been doing online mental wellness workshops for students. 2075