Industries

Consumer

Economic Anxiety Leaves McDonald’s Digesting Biggest Sales Drop in Five Years

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Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.

2 min read

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Hedge Funds

Bill Ackman’s Huge Bet on Hertz May Win a Jackpot if Trade War Drags On

Hertz’s recent track record leaves much to be desired: the rental-car company lost nearly $2.9 billion last year.

2 min read
Photo by Jérémy Barande via CC BY-SA 2.0

Consumer

Sliding LVMH Market Value Prompts Luxury Firm’s CEO to Urge US-EU Free Trade

Investor worries about a fresh batch of US tariffs have dragged LVMH shares in Paris down 23.6% so far this year.

2 min read
Photo by JHVEPhoto via iStock

Healthcare

Eli Lilly Skyrockets After Promising Results for First Weight-Loss Pill

The company plans to seek regulatory approval for the revolutionary weight loss treatment by the end of the year.

2 min read

Healthcare

Wegovy-Maker Novo Teams with Online Pharmacies as Lilly Rivalry Heats Up

Photo by Chemist4U via CC BY-SA 2.0

Novo Nordisk, maker of weight-loss drug Wegovy, struck a deal with online telehealth storefronts that sold cheap knockoffs during shortages.

2 min read

Consumer

Starbucks Slings High-Speed Drinks in Caffeinated Comeback Plan

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Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.

2 min read

International Economics

Retailers Prep for Supply Chain Breakdown

Photo by Mick Haupt via Unsplash

To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.

2 min read

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