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McDonald’s names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
McDonald’s new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.
Bessent says U.S. backed Japan’s yen intervention to help stabilize Asia
Treasury Secretary Scott Bessent said the U.S. bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets.
McDonald’s earnings beat estimates, chain announces new U.S. head to accelerate growth
McDonald’s stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
Trump and Republicans brand Democrats ‘communists’ amid progressive push
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
U.S. has used ‘virtually all’ of its long-range precision missiles during Iran war: Reuters
The U.S. Army has used up much of its stockpile of highly accurate long-range missiles during its war with Iran, people familiar with the data told Reuters.
Trump warns Iran talks are ‘last chance’ to end war — oil prices rise as Tehran denies negotiations
President Donald Trump has warned that the latest round of negotiations with Iran are the “last chance” to bring an end to the five-month conflict.
Larry Berg named next Major League Soccer commissioner
Larry Berg will take over as MLS commissioner from Don Garber next year. He will sell his stake in Los Angeles FC.
Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen
Treasury Secretary Scott Bessent wants to defend the yen without selling Treasuries into a sensitive U.S. bond market. The Federal Reserve could help.
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
It is also the latest move by Visa to expand its value-added services business, which has become one of the company’s fastest-growing divisions.