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McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>The company saw same-store sales rise by <br/>1.9% worldwide between January and March, <br/>below the Wall Street forecast of 2.1%.<br/>Increased menu pricing and delivery demand <br/>saw same-store sales in the U.S. increase by 2.5%.<br/>In international markets, sales fell <br/>by 0.2% for the first time since 2020.<br/>Despite this, McDonald's said the company's revenue <br/>increased 5% to reach $6.17 billion, while net income went <br/>up 7% to $1.93 billion, in-line with Wall Street estimates.<br/>'The Independent' reports that Muslim-majority <br/>markets like Indonesia, Malaysia and the Middle East <br/>have been boycotting McDonald's for months.<br/>The boycotts started after a McDonald's franchise in <br/>Israel announced in October that it would provide free <br/>meals for Israeli troops amid the ongoing war in Gaza.<br/>In the months since then, the company has tried to limit <br/>the fallout by taking over all 225 McDonald's in the country <br/>with the purchase of Alyonal Limited, its Israeli franchise.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'
⏲ 1:30 👁 610K
The pub chain’s boss has ruled out the adoption of dynamic pricing, a kind of Uber-style surge pricing for pints, which big-name rivals are reportedly adopting.
⏲ 0:36 👁 1.3M
BYD, the world's largest EV maker, predicts that electric cars will completely replace petrol vehicles. This has led to a 10% decrease in prices for 50 models in the industry. BYD's main focus is budget models, but China's EV market is slowing down. Chinese carmakers are expanding overseas to compensate for declining profits. Price competition is expected to spread to international markets. BYD, backed by Warren Buffett, recorded a record profit in 2023 with an 80.7 percent year-on-year increase.
⏲ 0:35 👁 450K
Trump Media & Technology Group's stock price jumped over 9% after the company's CEO, Devin Nunes, asked House GOP leaders to investigate possible \
⏲ 0:47 👁 1.8M
The Federal Trade Commission challenges patents on 20 brand-name drugs to spur competition, including the blockbuster weight-loss drug Ozempic. The FTC sent warning letters to 10 drugmakers alleging certain patents are inaccurate or misleading. Brand-name drugmakers use patents to protect their medicines and block cheaper generics. FTC Chair Lina Khan said drug companies use \
⏲ 0:34 👁 295K
Trailer Star Wars x LEGO Fortnite
⏲ 1:46 👁 285K
Roughly 80% of cut flowers in the UK are sourced from the Netherlands, according to the British Florist Association, and post-Brexit trade rules are making sellers nervous.
⏲ 1:11 👁 1.1M
IBM's stock price dropped 9% after hours as its first-quarter sales growth of 1% to $14.5 billion disappointed investors. IBM's consulting division, it's second-largest, reported flat revenues of $5.2 billion, reflecting a \
⏲ 0:46 👁 2.2M
A 13-year-old boy who has collected almost 800 pieces of Lego that spilled into the sea from a shipping container in the 1990s has finally found a “holy grail” plastic octopus after two years of searching.Liutauras Cemolonskas told the PA news agency he was “happy” to have found the rare octopus, which was one of nearly five million pieces of Lego that fell into the sea in 1997 when a cargo ship encountered a storm.
⏲ 0:35 👁 5.4M
The Biden administration plans to reclassify marijuana as a Schedule III substance, placing it with drugs like Tylenol with codeine according to four sources. For over 50 years, marijuana has been a Schedule I substance, in the same category as heroin and methamphetamines. Cannabis stocks surged on the otherwise down day for markets, with ETFs like MSOS and MJUS jumping around 19-20%. Curaleaf Holdings and Trulieve Cannabis saw share price increases of 19-30% touching new 52-week highs. Schedule III classification would define marijuana as having a moderate to low potential for dependence.
⏲ 0:40 👁 185K
A federal judge rejected lawsuits from Johnson & Johnson and Bristol Myers Squibb, ruling that the Biden administration's Medicare drug-price negotiation program is constitutional. Drugmakers argued that price negotiations for their drugs by the government violated their freedom of speech and served as an unconstitutional condition for participating in Medicaid and Medicare programs. However, a New Jersey federal judge ruled that participation is voluntary and does not require drugmakers to set aside or transmit drugs at a new price, concluding that reduced profitability does not equate to a physical taking or direct appropriation of their medications.
⏲ 0:42 👁 580K
Luke Littler's Premier League dig as he responds to boos from darts crowd in LiverpoolSource: Sky Sports
⏲ 0:43 👁 54.3M
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