Home Business and Economics This Week In Business: McDonalds, Delta, and More

This Week In Business: McDonalds, Delta, and More


McDonalds To Lessen Antibiotic Use

Fast food chain McDonalds released updated guidelines for their beef suppliers on Tuesday. These guidelines are the first attempt by the restaurant to curb antibiotic use in beef. Because of the change, all beef suppliers need to begin phasing out use of antibiotics described by WHO as “highest priority critically important antimicrobials.”

This move could prompt other big restaurant chains to do the same. Recently, Wendy’s adopted similar guidelines with their chicken. In addition, McDonalds announced plans to start tests in various country for the new policy. They said that wide-spread market regulations will be established based on the tests by 2020.

Delta Airlines Changes Boarding Procedures

Say goodbye to the zone boarding process, and say hello to colored boarding passes. Delta airlines announced that by January 23rd, 2019, they will change the way that people board planes. Instead of boarding by zone, they plan to board by more complex colored passes and ticket type.

Passengers with high priority will still board first, but gone are the zones. Instead, economy fliers will board by cabins 1 through 3. Fliers that buy the cheapest ticket type will board into a new group: Basic Economy. The goal of all the changes is to minimize boarding time and load planes faster.

Coca-Cola Will Slow Down Business Deals

After completing 6 acquisitions in 2018, Coca-Cola has announced that investors shouldn’t expect that many next year. CEO James Quincey said, “We’ve got to absorb the ones we’ve invested in in 2018 but experience will tell you that they just don’t come up at that sort of rhythm.”

Coca-Cola has been making deals for the last few years. According to Quincey, Coke has been focusing on its customers. Recently, Coke acquired British coffee chain Costa Coffee for $5.1Bn. This deal is expected to close in the first half of 2019.

Wall Street Continues To Fall

Stock prices fluctuated heavily on Tuesday as the indexes shot up and down. By the end of the day, the S&P 500 was only slightly up from earlier this week. This is another blow to the market, which has been fluctuating in a downwards fashion since September.

Tuesday’s fluctuations are being attributed to President Trump’s televised threats of shutting down the government concerning the trade disputes with China. Because of this, investor’s worry that the dispute will create a weaker global trade economy and keep the stock market extremely volatile.

Lyft Attempts To Catch Up To Uber

Lyft, a ride-share app competing with Uber, filed to become a public company in early 2019. Because of Uber’s recent scandals, more and more people are flocking to Lyft’s service. In the short few years since the app became popular, it grew to encompass scooters, bikes, and self driving cars. It currently employs 4,500 people.