Restaurant Brands International Inc. sales fell 25 percent in the three months through June as growth at Popeyes countered declining revenue at Burger King and Tim Hortons due to the COVID-19 pandemic.
The Toronto-based fast food holding company reported a second-quarter profit of $164 million, or an adjusted 33 cents per share, on sales of $1.05 billion. Wall Street analysts surveyed by Refinitiv were expecting adjusted earnings of 29 cents on sales of $1.03 billion.
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China Gives Unproven Covid-19 Vaccines to Thousands, With Risks Unknown – The New York Times
Drug company workers, government officials and others have been injected outside the usual testing process. More will be soon, bewildering experts who worry about potential ill effects.
Raina MacIntyre, who heads the biosecurity program at the Kirby Institute of the University of New South Wales in Sydney, Australia, said she would not recommend the emergency use of vaccines before the conclusion of Phase 3 trials. AstraZeneca, the British-Swedish company, halted late-stage testing in the United States on a vaccine candidate this month after one volunteer fell seriously ill for unknown reasons.
U.S. Sets Export Controls on China’s Top Chip Maker – The Wall Street Journal
Commerce Department letter says exports to SMIC risk being used for Chinese military activities
The Commerce Department has told U.S. computer-chip companies that they must obtain licenses before exporting certain technology to Chinas largest manufacturer of semiconductors, a blow to Chinas efforts to compete in advanced technology.The department laid out the requirement in a letter to the computer-chip industry Friday. The letter, a copy of which was reviewed by The Wall Street Journal, says exports to
Tesla Model S Plaid may be required to use a parachute when racing in drag strips – Teslarati
The Tesla Model S Plaid was officially launched on Battery Day, and the vehicle is now available for ordering. The specs of the Plaid Model S are no joke, with the vehicle being capable of going from 0 to 60 mph in less than 2 seconds before maxing out at 200…
The Tesla Model S Plaid was officially launched on Battery Day, and the vehicle is now available for ordering. The specs of the Plaid Model S are no joke, with the vehicle being capable of going from 0 to 60 mph in less than 2 seconds before maxing out at 200 mph. So quick is the upcoming flagship sedan that Tesla lists its quarter-mile time as less than 9 seconds, thanks to its three electric motors that produce 1,100 hp.