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Kimberly Redmond | Equities.com |

McDonald’s Corporation (NYSE: MCD) will soon launch a small-scale rollout in the US of a new plant-based burger developed with faux-meat maker Beyond Meat Inc (Nasdaq: BYND).

Starting Nov. 3, the "McPlant" will be on the menu at eight locations in Texas, Louisiana, Iowa and California as part of a trial run to help gauge customer interest in the meatless offering, McDonald’s announced Thursday.


Kimberly Redmond | Equities.com |

Walgreens Boots Alliance Inc (Nasdaq: WBA) will invest $5.2 billion in primary care provider VillageMD as part of the pharmacy chain’s plan to open more co-located practices within its drugstores across the US.

The investment announced Thursday increases the Deerfield, Illinois-based chain’s stake in VillageMD to 63% from the 30% it acquired in July 2020.


AP News | Equities.com |

JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels.

The nation’s largest bank by assets said it earned a profit of $11.69 billion, or $3.74 per share, compared with a profit of $9.44 billion, or $2.92 per share, in the same period a year earlier. The bank had two one-time items that helped boost its profits this quarter: a $566 million income tax benefit and the release of $2.1 billion from its troubled loans books, something the JPMorgan has been doing every three months since the U.S. economy started recovering from the pandemic.


Reuters | Equities.com |

BlackRock Inc topped third-quarter profit estimates helped by robust performance fees and strong demand for its actively managed and sustainable funds, even as volatile markets hindered the world's largest money manager from growing its assets under management.

Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on vaccinations and strong fiscal and monetary aid.


Kimberly Redmond | Equities.com |

Industrial software maker Emerson Electric Co will merge two of its businesses with smaller rival, Aspen Technology Inc, in a deal worth $11 billion. 

The cash-and-stock transaction announced Monday values AspenTech at about $160 per share, a 27% premium to its Oct. 6 close, before Bloomberg News first reported on talks between the two companies. https://www.bloomberg.com/news/articles/2021-10-06/emerson-is-said-to-be-in-talks-about-deal-with-aspen-technology 

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Kimberly Redmond | Equities.com |

Facebook Inc (Nasdaq: FB) said that, while it has done its best to keep harmful content off its social media platforms, the company is willing to accept greater oversight and regulation to ensure its algorithms are working as intended. 

During an appearance Sunday on CNN’s “State of the Union,” Nick Clegg, Facebook’s vice president of global affairs, defended the company’s business practices following accusations from a whistleblower that it ...


Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) is giving its tech and corporate employees more flexibility to work remotely even after the company begins to reopen its offices early next year.

On Monday, Amazon’s chief executive officer Andy Jassy said the company will leave it up to each individual team’s director to determine how often workers must come into the office. This marks a change from the company’s previous expectation that most employees would be back at their desks three days per week when offices fully reopen in January 2022.


Kimberly Redmond | Equities.com |

Drugmaker Merck & Co Inc (NYSE: MRK) and its partner Ridgeback Biotherapeutics LP announced Monday that they have requested an emergency use authorization from the US Food and Drug Administration (FDA) for their oral antiviral COVID-19 treatment.

If approved, the pill, molnupiravir, would be the first oral therapy for COVID-19 and could be a potential breakthrough on how the virus is treated since all other FDA-backed treatments require an injection or IV.


Kimberly Redmond | Equities.com |

United Airlines Inc (NYSE: UAL) announced Thursday plans to ramp up its December schedule to 3,500 domestic flights per day, the most its flown in the US since the COVID-19 pandemic began.

In anticipation of a strong holiday travel season, the Chicago-based carrier said it will boost its schedule on popular winter routes, particularly warm weather destinations and ski hot spots.


Kimberly Redmond | Equities.com |

International Business Machines Corporation (NYSE: IBM) says all US-based employees must be fully vaccinated against COVID-19 by Dec. 8 or face unpaid suspension.

The Armonk, New York-based tech giant told workers last week that, as a government contractor, it must comply with the Biden administration’s vaccine mandate for large companies, federal workers and federal contractors, CNBC reported Thursday, citing an internal memo.