FROM Lisa Baertlein
McDonald's Profits Drop 30% in Last Quarter Fast food is out, fast casual is in, and Ronald McDonald is taking notice. Profits are down at McDonald’s by 30%, and the company is offering something it’s never come up with before: instead of just super-sizing, now you can “customize.” “Create Your Taste” means that McDonald’s customers will be able to build their own burgers with toppings and buns that won’t all be the same, and restaurants in different parts of the country will offer different menus. Lisa Baertlein covers the food industry for Reuters.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.