McDonald’s Stock Falls 6.7%: McDonald’s stock dropped significantly in pre-market trading on Wednesday
after U.S. health authorities announced an investigation
into an outbreak of E. coli bacteria linked to one of the popular fast-food chain’s sandwiches.
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E.coli Outbreak Investigation Causes McDonald’s Stock to Drop 6.7%
McDonald’s stock dropped significantly in pre-market trading on Wednesday
after U.S. health authorities announced an investigation
into an outbreak of E. coli bacteria linked to one of the popular fast-food chain’s sandwiches.
The company’s stock fell by 6.7% to $293.60 after closing at $314.69 at the end of Tuesday’s session.
This decline followed the U.S. Centers for Disease Control and Prevention (CDC) statement,
confirming that investigations into the bacterial outbreak are ongoing.
So far, one death has been reported,
with 10 people hospitalized across 10 different U.S. states
and 49 cases of infection reported nationwide, according to Reuters.
Donald Trump Returns to the World’s Billionaire List with Rising ‘Trump Media’ Shares and Strengthened Election Chances
Former U.S. President Donald Trump has re-entered
Bloomberg’s Billionaires Index for the first time since August 6,
thanks to a significant surge in the stock price of his media and technology company
and increasing odds of his winning the upcoming U.S. presidential election.
Trump’s wealth reached $6.5 billion on Tuesday,
ranking him 481st among the world’s wealthiest 500 individuals.
This wealth boost has been driven by a tripling in the market value of *Trump Media*,
the parent company of the *Truth Social* platform since late September.
Market data from Polymarket shows traders expect Trump to win the election with a 64% probability,
compared to 36% for his Democratic opponent, Kamala Harris.
Meanwhile, *Trump Media & Technology* shares rose by 5.7% in pre-market trading to $36.34,
following a 9% rise in the previous session.
McDonald’s Stock Falls 6.7%