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The deal to acquire investment firm Carlyle's (CG.O) 28% holding in the burger chain's China business, which also includes its stores in Hong Kong and Macau, will see McDonald's stake rise to 48%. Since 2017, the number of McDonald's stores in China has doubled to 5,500 and the country has become its second-largest market. McDonald's made an unsolicited offer for Carlyle's stake in the China operations in recent weeks and the deal was struck quickly, said the sources. Reuters reported in August that Trustar Capital was planning to raise a continuation fund that would allow the Chinese private equity firm to sell down its stake in McDonald's China. In contrast to McDonald's, U.S. meat and processed food maker Tyson Foods (TSN.N) plans to sell its China poultry business, sources have said.

Persons: Benoit Tessier, Chris Kempczinski, McDonald's, Carlyle, Trustar, Jim Sanderson, Reckitt, Kane Wu, Granth, Deborah Sophia, Roxanne Liu, Edwina Gibbs Organizations: REUTERS, HK, CITIC, Trustar, Northcoast Research, Reuters, Tyson Foods, Primavera Capital, Thomson Locations: Bretigny, Paris, France, China, Hong Kong, Macau, CITIC, U.S, McDonald's China, British, Bengaluru, Beijing

☆ McDonald’s is investing more in China to tap ‘tremendous opportunity’
▼ + stars: | 2023-11-21 | by ( ) edition.cnn.com time to read: +2 min

McDonald’s has struck a deal to ramp up its stake in its China business to just under 50% and expressed confidence in its growth prospects in the world’s second-largest economy. The deal to acquire investment firm Carlyle’s 28% holding in the burger chain’s China business, which also includes stores in Hong Kong and Macau, will see McDonald’s stake rise to 48%. Since 2017, the number of McDonald’s stores in China has doubled to 5,500 and the country has become its second-largest market. In contrast to McDonald’s, US meat and processed food maker Tyson Foods plans to sell its China poultry business, sources have said. British consumer goods maker Reckitt Benckiser in 2021 sold its China infant formula and child nutrition business to investment firm Primavera Capital.

Persons: McDonald’s, “, ”, Chris Kempczinski, Carlyle, Trustar, Jim Sanderson, Benckiser Organizations: Northcoast Research, Tyson Foods, Primavera Capital Locations: China, Hong Kong, Macau, CITIC, British

The McDonald's company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris, France, July 30, 2020. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 20 (Reuters) - McDonald's (MCD.N) said on Monday it would acquire investment firm Carlyle's (CG.O) 28% stake in a partnership that manages its business in mainland China, Hong Kong and Macau, as the burger chain looks to simplify its structure in the region. Reuters reported in April that Carlyle was discussing various options with financial advisers for its stake in McDonald's China, including setting up a continuation fund for the asset. There was "no better time to simplify our structure" given the benefits of China's long-term potential, McDonald's CEO Chris Kempczinski said. Reuters reported in August that Trustar Capital, formerly known as CITIC Capital, was also planning to raise a continuation fund that would allow the Chinese private equity firm to sell down its stake in McDonald's China.

Persons: Benoit Tessier, Carlyle, Chris Kempczinski, Jim Sanderson, Granth, Deborah Sophia, Anil D'Silva, Shounak Dasgupta, Shweta Agarwal Organizations: REUTERS, CITIC, HK, Reuters, CITIC Ltd, Northcoast, Thomson Locations: Bretigny, Paris, France, China, Hong Kong, Macau, McDonald's China, Bengaluru

☆ Forget quiet luxury. 'We don't need half of these things,' celebrity stylist Allison Bornstein says
▼ + stars: | 2023-11-18 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Allison Bornstein, author of "Wear It Well". More likely, we're encouraged to wear Loro Piana cashmere baseball hats and carry $300 Smythson notebooks like Gwyneth Paltrow in the name of "quiet luxury" and justify such expensive purchases using "girl math." "We don't need half of these things," said Allison Bornstein, a celebrity stylist and author of the new book "Wear It Well: Reclaim Your Closet and Rediscover the Joy of Getting Dressed." Actress Gwyneth Paltrow exits a courtroom in which she is accused in a lawsuit of crashing into Terry Sanderson during a 2016 family ski vacation, Park City, Utah, March 21, 2023. Rick Bowmer | Afp | Getty ImagesZoom In Icon Arrows pointing outwards Allison Bornstein's book: “Wear It Well”.

Persons: Allison Bornstein, Jennifer Trahan It's, we're, Gwyneth Paltrow, Terry Sanderson, Rick Bowmer, Allison Bornstein's, Andrea Woroch, Woroch Organizations: Starbucks, Afp, Getty, Bank Locations: Park City , Utah

☆ NHL roundup: Senators edge Wings in OT in Sweden
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +6 min

Lucas Raymond, Daniel Perron, Alex DeBrincat and Shayne Gostisbehere scored four straight goals in the second period for the Red Wings. Adin Hill finished with 23 saves for Vegas, which extended its winning streak against Montreal to six games. Lukas Reichel and Corey Perry scored goals for Chicago, which took its third loss in four games. Bryan Rust scored twice for the Penguins, who had their five-game winning streak snapped. Givani Smith and Luke Kunin each had a goal and an assist for the Sharks, who snapped the Blues' three-game winning streak.

Persons: Tim Stutzle, Nikita Zadorov, Marc DesRosiers, Drake Batherson, Stutzle, James Reimer, Brady Tkachuk, Jake Sanderson, Josh Norris, Joonas Korpisalo, Lucas Raymond, Daniel Perron, Alex DeBrincat, Shayne Gostisbehere, Gostisbehere, Reimer, Mark Stone, Shea Theodore, Jack Eichel, Jonathan Marchessault, Brett Howden, Brayden McNabb, Adin Hill, Jesse Ylonen, Alex Newhook, Johnathan Kovacevic, Justin Barron, Nick Suzuki, Mike Matheson, Cayden Primeau, Victor Hedman, Chicago . Former Blackhawk Brandon Hagel, Hedman, Mikhail Sergachev, Lukas Reichel, Corey Perry, Elias Lindholm, Jonathan Huberdeau, MacKenzie Weegar, Dillon Dube, Noah Hanifin, Jacob Markstrom, Blake Coleman, Elias Pettersson, Nils Hoglander, Casey DeSmith, Kevin Fiala, Anze Kopitar, Cam Talbot, Sam Reinhart, Sergei Bobrovsky, Kailer Yamamoto, Matty Beniers, Alex Wennberg, Philipp Grubauer, Anders Lee, Casey Cizikas, Noah Dobson, Semyon Varlamov, Lawson Crouse, Barrett Hayton, Logan Cooley, Connor Ingram, Damon Severson, Elvis Merzlikins, Curtis Lazar, Jesper Bratt, Nathan Bastian, Alexander Holtz, Tyler Toffoli, Erik Haula, Luke Hughes, Vitek Vanecek, Bryan Rust, Tristan Jarry, Mike Hoffman, Jose, Louis, Givani Smith, Luke Kunin, William Eklund, Kaapo Kahkonen, Pavel Buchnevich, Joel Hofer, Jordan Binnington Organizations: CAN, Ottawa Senators, Calgary Flames, Canadian Tire Centre, Detroit Red Wings, NHL Global, Sweden, Wings, Ottawa, Red Wings, Golden Knights, Canadiens, Vegas, Montreal, Blackhawks, Tampa Bay, Chicago . Former Blackhawk, Tampa, Chicago, Flames, Canucks, Calgary, Vancouver, Western Conference, Panthers, Islanders, Seattle, New, Coyotes, Blue Jackets, Columbus, Penguins, Pittsburgh, Devils, . New, Sharks, Blues, San, Thomson Locations: Ottawa , Ontario, Stockholm, Angeles, Florida, Los Angeles, New York, Arizona, New Jersey, ., . New Jersey, San Jose

☆ Tim Stutzle provides OT winner, Sens top Red Wings in Stockholm
▼ + stars: | 2023-11-16 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/27] Nov 16, 2023; Stockholm, SWEDEN; Fans high five the Ottawa Senators mascot during a Global Series NHL hockey game against the Detroit Red Wings at Avicii Arena. Mandatory Credit: Per Haljestam-USA TODAY Sports Acquire Licensing RightsNovember 16 - Tim Stutzle scored with two seconds remaining in overtime to give the Ottawa Senators a 5-4 win over the Detroit Red Wings in the NHL Global Series Sweden on Thursday in Stockholm. During a scramble in the Wings' zone, Drake Batherson sent a pass that deflected off a defender's stick. Lucas Raymond, Daniel Perron, Alex DeBrincat and Shayne Gostisbehere scored four straight goals in the second period for the Red Wings. The Senators scored four minutes later when Stutzle made a nifty backhanded pass despite being knocked to the ice.

Persons: Tim Stutzle, Drake Batherson, Stutzle, James Reimer, Brady Tkachuk, Jake Sanderson, Josh Norris, Joonas Korpisalo, Lucas Raymond, Daniel Perron, Alex DeBrincat, Shayne Gostisbehere, Gostisbehere, Reimer, Batherson, Sanderson, Norris, Raymond, Olli Maatta, Compher, DeBrincat Organizations: Ottawa Senators, NHL, Detroit Red Wings, Avicii, NHL Global, Sweden, Wings, Ottawa, Red Wings, Senators, Stutzle, Detroit, Tkachuk, Thomson Locations: Stockholm, SWEDEN, Gostisbehere, Detroit

NEW YORK (AP) — Richard Moll, a character actor who found lasting fame as an eccentric but gentle giant bailiff on the original “Night Court” sitcom, has died. Moll played "Bull” Shannon on NBC's “Night Court” from 1984-1992 alongside stars Harry Anderson and John Larroquette. The towering actor — he was 6-feet 8-inches tall — did not join the reboot of “Night Court” starring Larroquette. Raised in Pasadena, California, Moll was a history and psychology major at the University of California at Berkeley, and graduated in 1964. Moll is survived by his children, Chloe and Mason Moll; ex-wife, Susan Moll; and stepchildren Cassandra Card and Morgan Ostling.

Persons: — Richard Moll, Moll, Jeff Sanderson, Bull ” Shannon, NBC's, Harry Anderson, John Larroquette, Roz Russell, Marsha Warfield, Bull, “ Ohh, kay, ”, Harvey Dent, “, Scorpion, Arnold Schwarzenegger, Natasha Lyonne, “ Thomas, Peter O’Toole, Marcia Gay Harden, Ed Asner, —, Larroquette, Chloe, Mason Moll, Susan Moll, Cassandra Card, Morgan Ostling Organizations: University of California, People Locations: Big Bear, , California, Pasadena , California, Berkeley, Alameda County, San Francisco, Hollywood

☆ Loop Capital's Rob Sanderson makes the contrarian case for Snap ahead of earnings
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLoop Capital's Rob Sanderson makes the contrarian case for Snap ahead of earningsRob Sanderson, managing director at Loop Capital Markets, joins 'Power Lunch' to discuss the decline of Snap's ad revenue, skepticism about how Snap will perform going forward, and expectations for earnings from internet advertisers.

Persons: Rob Sanderson Organizations: Loop

☆ Watch CNBC's full interview with Loop Capital's Rob Sanderson on the contrarian case for Snap
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Loop Capital's Rob Sanderson on the contrarian case for SnapRob Sanderson, managing director at Loop Capital Markets, joins 'Power Lunch' to discuss the decline of Snap's ad revenue, skepticism about how Snap will perform going forward, and expectations for earnings from internet advertisers.

Persons: Rob Sanderson Organizations: Loop

☆ NHL roundup: Knights' season-opening surge makes history
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +10 min

Vegas stretched its season-opening winning streak to six games, the longest by a defending Stanley Cup champion in league history. Justin Schultz scored for Seattle, which has tallied more than one goal only once in six games this season to drop to 1-4-1. Maple Leafs 4, Lightning 3 (OT)John Tavares scored the game-winning goal in overtime as Toronto rallied past host Tampa Bay. Predators 5, Sharks 1Tommy Novak scored two goals and Juuse Saros made 31 saves to propel host Nashville past San Jose. Marchand scored goals in the second and third periods after recording an assist.

Persons: Nicolas Roy, Laurent Brossoit, James Carey Lauder, Marc Stone, Paul Cotter, Vegas, Cotter, Michael Amadio, Connor Bedard, Artturi Lehkonen, Logan O'Connor, Nathan MacKinnon, Ryan Johansen, Mikko Rantanen, Fredrik Olofsson, Alexandar Georgiev, Jesperi, Jaccob Slavin, Brent Burns, Michael Bunting, Stefan Noesen, Pyotr Kochetkov, Jonathan Quick, Artemi Panarin, Kaapo Kakko, Alexis Lafreniere, Filip Chytil, K'Andre Miller, Justin Schultz, Philipp Grubauer, Joe Veleno, Dylan Larkin, Shayne Gostisbehere, David Perron, Ville Husso, Jake Sanderson, Ridly Greig, Joonas Korpisalo, Karel Vejmelka, Jason Zucker, Clayton Keller, Frank Vatrano, Lukas Dostal, Jeff Skinner, Mattias Samuelsson, Dylan Cozens, Eric Comrie, Comrie, Semyon Varlamov, Cole Caufield, Caufield, Nick Suzuki, Darcy Kuemper, Sean Monahan, Brendan Gallagher, Dylan Strome, Kuemper, Andrei Kuzmenko, Elias Pettersson, Quinn Hughes, Carson Soucy, Brock Boeser, . Miller, Casey DeSmith, Sam Reinhart, Aleksander Barkov, Sergei Bobrovsky, John Tavares, Tavares, William Nylander, Nikita Kucherov, Alex Barre, Boulet, Adam Fantilli, Jack Roslovic, Minn, Justin Danforth, Kent Johnson, Boone Jenner, Elvis Merzlikins, Dakota Mermis, Marcus Johansson, Mats Zuccarello, Jonas Brodin, Joel Eriksson Ek, Pat Maroon, Filip Gustavsson, Joe Pavelski, Wyatt Johnston, Jamie Benn, Roope Hintz, Tyler Sequin, Scott Wedgewood, Travis Konecny, Sean Walker, Joel Farabee, Noah Cates, Samuel Ersson, Tommy Novak, Nashville's Kiefer Sherwood, Luke Evangelista, Samuel Fagemo, Tomas Hertl, Mackenzie Blackwood, Brandon Saad, Louis, Jake Neighbours, Colton Parayko, Kasperi Kapanen, Robert Thomas, Jordan Binnington, Evgeni Malkin, Radim Zohorna, Tristan Jarry, Saad, Mark Scheifele, Connor Hellebuyck, Josh Morrissey's, Stuart Skinner's, Darnell Nurse, Evan Bouchard, Connor McDavid, Leon Draisaitl, didn't, Brad Marchand, David Pastrnak, Marchand, Pastrnak, Morgan Geekie, Derek Forbort, Jeremy Swayman, Alex Laferriere, Carl Grundstrom, Cam Talbot, Anze Kopitar, Dustin Brown Organizations: Vegas Golden Knights, Winnipeg Jets, Canada Life, USA, Chicago Blackhawks, Stanley, Edmonton Oilers, Ottawa Senators, Golden Knights, Chicago, United, Blackhawks, Avalanche, Hurricanes, Colorado, Carolina, Rangers, Seattle, Red Wings, Senators, Ottawa, Detroit, Coyotes, Ducks, Arizona, Anaheim, Islanders, Buffalo, Sabres, New Jersey Devils, Canadiens, Capitals, Montreal, Washington, Canucks, Panthers, Florida, Maple Leafs, Toronto, Tampa Bay, Leafs, Brayden, Blue Jackets, NHL, Dakota, Flyers, Dallas, Philadelphia, Sharks, Nashville, Penguins, Pittsburgh, Blues, Jets, Oilers, Winnipeg, Edmonton, McDavid, Scheifele, Bruins, Thomson Locations: Winnipeg , Manitoba, Vegas, Denver, Colorado, New York, Detroit, Tempe, Ariz, Vancouver, Florida, Sunrise, Fla, Tampa, Columbus, Minnesota, Saint Paul, San Jose, Pittsburgh, Scheifele, Boston, Los Angeles

☆ NHL roundup: Auston Matthews’ 2nd straight hat trick lifts Leafs
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +9 min

/ Dan Hamilton-USA TODAY Sports Acquire Licensing RightsOctober 15 - Auston Matthews scored three goals for the second straight game and the Toronto Maple Leafs defeated the visiting Minnesota Wild 7-4 on Saturday night. William Nylander added two goals and an assist for the Maple Leafs, who have won their first two games of the season. Senators 5, Flyers 2Jakob Chychrun had two goals and one assist, Brady Tkachuk scored twice and host Ottawa defeated Philadelphia. Jenner got his second career hat trick by scoring three times in a span bridging the first and second periods. 1 overall pick by Chicago in the 2023 NHL Draft, assisted on Johnson's second goal, giving him a goal and two assists in his first three NHL games.

Persons: Auston Matthews, Tyler Bertuzzi, Dan Hamilton, William Nylander, Calle Jarnkrok, Mitchell Marner, Morgan Rielly, John Tavares, Ryan Hartman, Matt Boldy, Marco Rossi, Brandon Duhaime, Ilya Samsonov, Filip Gustavsson, Jakob Chychrun, Brady Tkachuk, Jake Sanderson, Vladimir Tarasenko, Claude Giroux, Anton Forsberg, Travis Konecny, Cam York, Carter Hart ., Chandler Stephenson, Hill, Greg Cronin's, Jack Eichel, Shea Theodore, Jonas Rondbjerg, Mason McTavish, John Gibson, Cronin, Dallas Eakins, Gibson, Kyle Connor, Mark Scheifele, Mason Appleton, Jets netminder Connor Hellebuyck, Winnipeg's, Evan Rodrigues, Sam Reinhart, Sergei Bobrovsky, James van Riemsdyk's, Nashville . van Riemsdyk, Charlie McAvoy's, David Pastrnak, Brad Marchand, Boone Jenner, Jenner, Erik Gustafsson, Will Cuylle, Chris Kreider, Filip Chytil, Mika Zibanejad, Alex DeBrincat, Compher, Moritz Seider, DeBrincat, Dylan Larkin, Steven Stamkos, Victor Hedman, Sean Monahan, Cole Caufield, Tanner Pearson, Sam Montembeault, Tyler Johnson, Petr Mrazek, Connor Bedard, Bryan Rust, Jake Guentzel, Evgeni Malkin, Reilly Smith, Kris Letang, Matt Coronato, Jonathan Huberdeau, Jacob Markstrom, Nils Hoglander, Sam Lafferty, Casey DeSmith, Andrei Kuzmenko, Jack Studnicka, Elias Pettersson, backstop, Ryan Nugent, Hopkins, Leon Draisaitl, Connor McDavid, Stuart Skinner, Jordan Binnington, Louis, Jordan Kyrou, Robert Thomas, Binnington, Vince Dunn's, Adam Larsson, Jaden Schwartz, Joey Daccord, Casey Cizikas, Brock Nelson, Kyle Palmieri, Ilya Sorokin, Jordan Greenway, Casey Mittelstadt, Devon Levi, Jordan Martinook, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Cale Makar, Mikko Rantanen, Alexandar Georgiev, Mackenzie Blackwood, Thomas Bordeleau Organizations: CAN, Toronto Maple Leafs, Minnesota Wild, Scotiabank Arena, Maple Leafs, Toronto, Minnesota, Senators, Flyers, Ottawa, Philadelphia, Carter Hart . Golden Knights, Ducks, Greg Cronin's NHL, Anaheim, Vegas, Golden Knights, Jets, Panthers, Winnipeg, Florida, Bruins, Boston, Nashville ., Blue Jackets, Rangers, Columbus, Boston Bruins, Wings, Detroit, Tampa, Red Wings, Lightning, Canadiens, Blackhawks, Montreal, Chicago, NHL, Penguins, Flames, Pittsburgh, Calgary, Canucks, Oilers, Seattle, Blues, Islanders, Sabres, New, Hurricanes, Carolina, Los Angeles Kings, Kings, Los, Avalanche, Sharks, Colorado, San Jose, San, Thomson Locations: Toronto , Ontario, Las Vegas, Florida, New York, York, Tampa Bay, Calgary, Vancouver, Elmont, squandering, Los Angeles, San, San Jose

None looked to have a reasonable birdie chance until List poured in his putt and slammed his fist in celebration. Still with a one-shot lead, he was in the left rough when he pulled his approach to the 18th hole near the grandstands. Mark Hubbard stood over a 12-foot birdie putt on the 17th hole to take the lead. He three-putted for bogey, took bogey on the final hole and shot 67 to miss the playoff by one shot. But he came up well short of the 18th hole, made bogey and shot 72 to miss the playoff by one shot.

Persons: JACKSON, Luke, Ben Griffin, Griffin, Ludvig Aberg, Henrik Norlander, Scott Stallings, “ It's, “, It's, ” Griffin, ”, Norlander, Stallings, ” Aberg, Mark Hubbard, Carl Yuan, ___ Organizations: Sanderson, Country Club of Jackson, PGA, Torrey Pines, The Locations: Miss, Swedish, Kapalua

Griffin was at 14-under 130, two shots ahead of Harrison Endycott (65), Luke List (66), Carl Yuan (66) and Henrik Norlander (67). The Sanderson Farms Championship is part of the FedEx Cup Fall, when players are trying to finish among the top 125 in the FedEx Cup to keep full PGA Tour cards for 2024. The FedEx Cup Fall still has five tournaments left after this week, one of those a limited field in Japan. Still, his 63 was one better than rounds he shot at the Wyndham Championship, the Bermuda Open and The American Express. His card is set for 2024, but he wants to finish in the top 125 to get other perks, such as The Players Championship.

Persons: JACKSON, — Ben Griffin, Griffin, Harrison Endycott, Luke List, Carl Yuan, Henrik Norlander, “, ”, Hadley, Erik van Rooyen, Mackenzie Hughes, Hughes, Ludvig Aberg, Aberg, ___ Organizations: Sanderson, Country Club of Jackson, FedEx, Wyndham Championship, Bermuda, American Express, Ryder, PGA Tour University, Texas Tech Locations: Miss, Riviera, Japan, Bermuda, Bay, South Africa, Canada, Sweden, Rome

The idea behind the Ryder Cup task force that was formed after the 2014 matches was to build some continuity among the U.S. teams. He had been an assistant four times in the Presidents Cup and Ryder Cup. The key is to see whom Furyk, the 2018 Ryder Cup captain and now the Presidents Cup captain for 2024 in Montreal, selects as his assistants for next year. Former PGA champion David Toms was overlooked as a Ryder Cup captain, just like another PGA champion, Larry Nelson, was before him. DIVOTSRickie Fowler is one of four Americans to have been on a losing Ryder Cup team in Europe at least four times.

Persons: GUIDONIA MONTECELIO, Luke Donald, Bernard Gallacher, Tiger Woods, Phil Mickelson, LIV, Woods, Ben Hogan, Johnson, Jordan Spieth, Justin Thomas, John Lindert, Don Rea, Seth Waugh, Steve Stricker, Davis Love, Fred Couples, Jim Furyk, Stewart Cink, Marco Simone, Matt Kuchar, David Duval, David Toms, Larry Nelson, Toms, he's, Max Homa, Brooks Koepka, ” Jordan Spieth, “, ” Spieth, Si Woo Kim, Kim, Yubin Jang, Wooyoung Cho, “ I've, Danny Oh, Rory McIlroy, McIlroy, Jon Rahm, Collin Morikawa, Xander Schauffele, Arthur Blank, Steve Cohen, DIVOTS Rickie Fowler, Danny Willett, ”, LIV Golf, Louis Oosthuizen, Ludvig Aberg, Swede, ’, ___ Organizations: — Team, Bethpage, Bethpage Black, U.S, Ryder, PGA, FedEx, BMW PGA, South Korea, Asian Games, South, Games, Asian, Sports, SoFi Technologies, ESPN, Atlanta Falcons, New York Mets, SoFi, Ryder Cup, Dunhill, Sanderson, Texas Tech, PGA Tour University, Indiana, Italian Golf Federation Locations: Italy, Saudi, Adare Manor, Ireland, U.S, Montreal, Paris, Europe, England, France, Wentworth, South, China, Thailand, South Florida, Los Angeles, Atlanta , New York, Boston, Saudi Arabia, Mississippi

A study published this week linked the COVID-19 antiviral molnupiravir to new coronavirus mutations, raising questions about whether the drug could lead to the evolution of potentially concerning strains in the future. The drug works by causing mutations in the genetic information of the virus. Researchers looked at 15 million coronavirus genomes to analyze the timing and type of mutations. Study authors said the findings are important for regulators who assess the drug. “The authors assume these mutations were associated with viral spread from molnupiravir-treated patients without documented evidence of that transmission.

Persons: molnupiravir, ” Theo Sanderson, Francis Crick, Merck Organizations: Nature, Francis, Francis Crick Institute Locations: London, molnupiravir

☆ Merck Covid drug linked to virus mutations that can spread between people, new study says
▼ + stars: | 2023-09-25 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

A new study released Monday said Merck 's widely used antiviral Covid pill can cause mutations in the virus that occasionally spread to other people, raising questions about whether the drug has the potential to accelerate Covid's evolution. Molnupiravir works by causing mutations in Covid's genetic information, which weakens or destroys the virus and reduces the amount of Covid in the body. Researchers in the U.S. and U.K. specifically analyzed 15 million Covid genomes to see which mutations had occurred and when. Based on data at the time, a spokesperson for Merck said it didn't believe molnupiravir was likely to contribute to Covid mutations. The new study comes as Covid once again gains a stronger foothold in the U.S., primarily driven by newer strains of the virus.

Persons: Merck, molnupiravir, Theo Sanderson, Francis Crick, Covid, Merck's molnupiravir, Molnupiravir Organizations: Francis, Francis Crick Institute, Twitter, Merck, U.S . Food, Drug Administration, FDA Locations: U.S, London

☆ McDonald's to raise royalty fees for new franchise restaurants in US, Canada
▼ + stars: | 2023-09-22 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts Acquire Licensing RightsSept 22 (Reuters) - McDonald's (MCD.N) is raising royalty fees for new franchise restaurants in the U.S. and Canada for the first time in nearly three decades, according to a letter viewed by Reuters on Friday, bringing them on par with what it charges in other markets. Northcoast Research analyst Jim Sanderson, however, said the impact of the rate increase on McDonald's revenue would be "very limited", since there are very few new stores opening in the United States. The company will also change the term for payments from "service fees" to "royalty fees", used by all other McDonald's markets around the world. Royalty is a fee paid by restaurant operators to the owner and the rate is set based on the revenue generated by the licensed property.

Persons: Joshua Roberts, Jim Sanderson, Savyata Mishra, Ananya Mariam Rajesh, Granth, Shilpi Majumdar Organizations: McDonald's Corp, REUTERS, Reuters, Northcoast, Thomson Locations: Arlington , Virginia, U.S, Canada, United States, Bengaluru

☆ China's big internet names have mostly beat. Here's where analysts think the stocks are headed
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

All three stocks have double-digit gains ahead of them, if the average FactSet analyst price target holds true. Still, the average price target rose by 2.4% to $118.90 a share, according to FactSet. KraneShares CSI China Internet ETF (KWEB) gained nearly 19% last month. "We expect the stock will remain volatile in the near term along with China internet peers on macro uncertainty," the report said. Loop has a $210 price target on Baidu, more than 50% above where shares closed on Friday.

Persons: Tencent, –, Louis, Vincent, Jiong Shao, Nomura, Jialong Shi, Morgan Stanley, Alex Poon, NetEase, Rob Sanderson, — CNBC's Michael Bloom Organizations: Baidu, UBS, Hong, Barclays, China Internet, CSI China Internet Locations: U.S, Europe, China, Hong Kong, Barclays China, Tencent

REUTERS/Steve Marcus/File photoAug 2 (Reuters) - Refining rare earths for the green energy transition is hard. "The (rare earths) commissioning process is painstaking, with stops and starts," Jim Litinsky, MP's CEO and largest shareholder, told investors in May. Rare earths magnets turn power into motion and are the essential components in an electric vehicle's motor. Rare earths refining "is not really being addressed even by those who are developing magnet capacity," said Ryan Castilloux, a minerals consultant at Adamas Intelligence. American Rare Earths is working with U.S. government scientists at the Lawrence Livermore Laboratory to develop bacteria that could process rare earths.

Persons: Steve Marcus, Lockheed Martin's, Lynas, Jim Litinsky, Kray Luxbacker, they've, Allan Walton, Ryan Castilloux, Castilloux, refines, Dysprosium, Tesla, Melissa Sanderson, Nathan Picarsic, Ernest Scheyder, Eric Onstad, Nick Carey, Melanie Burton, Veronica Brown, Susan Heavey Organizations: REUTERS, Lockheed, International Energy Agency, General Motors, University of, University of Birmingham, Adamas Intelligence, Trump, Reuters, Pentagon, Blue, Benchmark Mineral Intelligence, Edge, Sweden's, U.S, Lawrence Livermore Laboratory, Horizon Advisory, Thomson Locations: Pass , California, U.S, China, Apple's, Beijing, Texas, Western Australia, COVID, California, Myanmar, Vietnam, Malaysia, Australia, Kuala Lumpur, United States, San Antonio , Texas, Sweden, South Africa, Karr

July 12 (Reuters) - Domino's Pizza (DPZ.N) shares surged 10% on Wednesday after the chain said customers can start using Uber's (UBER.N) Uber Eats and Postmates apps for orders, as it tries to jolt its sluggish delivery business. Domino's said Uber Eats will be its exclusive third-party platform in the U.S. until at least 2024, as per its "global agreement" with the ride-share company. Domino's had been a holdout in working with third-party delivery companies, preferring instead its own app, website and drivers. But being listed on Uber Eats and Postmates means it will now be easier for Domino's to reach new customers used to ordering there. At the same time, Domino's will continue using its own uniformed drivers for deliveries, allowing it to maintain control of its brand, image and food quality.

Persons: Domino's, Uber, Jim Sanderson, Peter Saleh, Angelo Zino, Granth Vanaik, Hilary Russ, Janane Venkatraman, Pooja Desai, Sharon Singleton Organizations: Domino's, CFRA Research, Thomson Locations: U.S, Uber's U.S, United Kingdom, Canada, Australia, Bengaluru, New York

☆ US chicken producers ordered to face price-fixing claims
▼ + stars: | 2023-06-30 | by ( Jonathan Stempel | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +2 min

[1/2] Tyson Chicken Nuggets, owned by Tyson Foods, are seen for sale in Queens, New York, U.S., November 16, 2021. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate prices, through tactics such as restricting production and sharing nonpublic data about supply and demand. But the judge also narrowed the case to cover alleged "anomalous decreases in broiler production" in 2008-2009 and 2011-2012. Pilgrim's Pride, Sanderson and Tyson did not immediately respond to requests for comment after market hours. The case is In re Broiler Chicken Antitrust Litigation, U.S. District Court, Northern District of Illinois, No.

Persons: Tyson, Andrew Kelly, Pilgrim's, Sanderson, District Judge Thomas Durkin, Durkin, Perdue, Brazil's, Jonathan Stempel, Edwina Gibbs Organizations: Nuggets, Tyson Foods, REUTERS, District, Georgia Dock, Agri Stats, Brazil's JBS SA, Antitrust Litigation, Court, Northern District of, Thomson Locations: Queens , New York, U.S, Chicago, Northern District, Northern District of Illinois, New York

☆ At a time when most Americans are living paycheck to paycheck, the 'quiet luxury' trend takes over
▼ + stars: | 2023-06-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Actress Gwyneth Paltrow enters the courtroom for her trial in Park City, Utah, March 24, 2023. Gwyneth Paltrow may have had the last word at the conclusion of her ski accident trial in March, but it was her head-to-toe "old money" look that is still echoing through society today. Also buoyed by the elite world depicted in HBO's "Succession" and Kim Kardashian's monochrome mega mansion, the "quiet luxury" trend has quickly caught on, even though, these days, most Americans are more likely to live paycheck to paycheck. What is quiet luxury? Fortunately, the quiet luxury trend is less about buying the exact item, but rather replicating the look with clothes that fit well, in neutral tones or monochrome, she said.

Persons: Gwyneth Paltrow, Rick Bowmer, Kim, Thomaï Serdari, Serdari, Paltrow, Celine, Prada, Terry Sanderson, there's Organizations: NYU's Stern School of Business, Finance, Afp, Getty, Burberry Locations: Park City , Utah

☆ Prince Harry Puts Britain’s Press on Trial
▼ + stars: | 2023-06-06 | by ( Mark Landler | Megan Specia | ) www.nytimes.com time to read: +1 min

To illustrate their case, Harry’s lawyers submitted 147 articles that it said were based on information obtained using illegal means. “Every facet of his life was splashed across the paper as an exclusive, a story too good not to publish,” Mr. Sherborne said. “The notion that this took place years ago is misplaced,” he said. Still, that is the nub of the case made by the Mirror Group’s lawyers. The practice of phone hacking has all but vanished since the scandal erupted in 2011, according to lawyers who specialize in these cases.

Persons: Princess Diana, Mr, Sherborne, ”, Harry, Nikki Sanderson, Michael Taylor, Fiona Wightman, Paul Whitehouse Organizations: The

☆ Michael Block shoots sensational hole-in-one to cap storybook PGA Championship ending
▼ + stars: | 2023-05-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Hollywood screenwriters might have rejected the script for being too unbelievable, but Michael Block would not be denied the storybook ending to his PGA Championship fairytale. The 46-year-old – head pro at a public golf club in California – drilled a hole-in-one to put the gloss on a remarkable performance at Oak Hill Country Club in Rochester, New York on Sunday. Or, based on what he charges for an hour-long session at Arroyo Trabuco Golf Club, 1,922 golf lessons. “If it makes any sense, the one thing in the world that makes me cry is golf,” an emotional Block told reporters. They kind of documented my big goal this week was to be the low club pro; right?

☆ Meta's next growth leg is revenue but it's not reflected in stock price, says Loop's Rob Sanderson
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's next growth leg is revenue but it's not reflected in stock price, says Loop's Rob SandersonRob Sanderson, Loop Capital managing director, joins 'Squawk on the Street' to discuss Sanderson's thoughts on the mega-cap tech companies, if Loop's Meta upgrade is too late, and the social media companies that could make a stand in the A.I.

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