[Bug]: Picker text overflow does not wrap according to spec

[itam]

Code of conduct

• I agree to follow this project's code of conduct.

Impacted component(s)

sp-picker

Expected behavior

Menu item text overflow should wrap according to:
https://spectrum.adobe.com/page/picker/#Text-overflow

Actual behavior

The menu items in sp-picker component do not wrap on text overflow

Screenshots

What browsers are you seeing the problem in?

Chrome

How can we reproduce this issue?

Issue can be reproduced with the sample code snippet

Sample code or abstract reproduction which illustrates the problem

<sp-field-label for="picker-icons-none">Choose an action...</sp-field-label>
<sp-picker
    label="What would you like to do?"
    value="item-2"
    id="picker-icons-none"
    icons="none"
>
    <sp-menu-item>
        <sp-icon-save-floppy slot="icon"></sp-icon-save-floppy>
        Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi varius pulvinar est, ut commodo massa dignissim rhoncus. Ut vehicula, mauris in placerat lacinia, metus dui malesuada turpis, vel aliquam justo.
    </sp-menu-item>
    <sp-menu-item>
        <sp-icon-stopwatch slot="icon"></sp-icon-stopwatch>
        Finish
    </sp-menu-item>
    <sp-menu-item>
        <sp-icon-user-activity slot="icon"></sp-icon-user-activity>
        Review
    </sp-menu-item>
</sp-picker>

Severity

SEV 4

Logs taken while reproducing problem

No response