Fast food giant McDonald’s Corp. appears to be preparing the launch of a $5 meal deal as a value proposition to cash-squeezed customers despite its recent price increases. What Happened: McDonald’s shares rose on Friday following a report from Bloomberg signaling the company was eying a launch of a $5 meal deal, citing an anonymous source. The deal may include...

03:20 PM EDT, 05/10/2024 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%. In corporate news, Sweetgreen ( SG ) shares surged 34% after the restaurant chain reported stronger-than-expected Q1 revenue late Thursday underpinned by comparable sales...

03:32 PM EDT, 05/10/2024 (MT Newswires) -- Alpine Immune Sciences ( ALPN ) and Vertex Pharmaceuticals ( VRTX ) said Friday the waiting period under the Hart-Scott-Rodino antitrust act related to their merger deal expired Thursday. Vertex has agreed to acquire Alpine for $4.9 billion in cash, or $65 a share. Price: 64.94, Change: +0.12, Percent Change: +0.19 ...

May 10 (Reuters) - U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service. The venture was on track to complete the $7.85 billion project by the end of May, U.S. energy...