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The Nexus
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US business

Coverage of US business in the Nexus archive.

Earliest in view: Aug 3 · 12:30 UTCMost recent: Aug 4 · 18:40 UTC
Co-mentioned in this coverage
Skye Andersonperson1Chris Kempczinskiperson1McDonald’sorganization1under $3 menutopic1affordability crisistopic1franchiseesorganization1WuXi AppTecorganization1weight-loss drugstopic1diabetes drugstopic1Bloombergorganization1Shanghaiplace1
Recent coverage
  • BUSINESSAug 4 · 18:40 UTCFORTUNE
    McDonald’s CEO turns to a trusted lieutenant with a turnaround record to revive its biggest market

    McDonald’s appointed Skye Anderson as president of its U.S. business to address sluggish sales growth, which fell below expectations in Q2 despite price-reduction strategies. CEO Chris Kempczinski acknowledged execution errors, including overwhelming new product launches and unclear marketing, but maintained the strategy remains sound.

  • BUSINESSAug 3 · 12:30 UTCSCMP CHINA
    Chinese biotech giant Wuxi AppTec sees first-half earnings surge amid US scrutiny

    Wuxi AppTec, Asia’s largest contract pharmaceutical research provider, reported a 33.7% year-on-year increase in first-half net profit to 11.08 billion yuan, driven by strong demand for weight-loss and diabetes drugs and growth in its US business. The company’s earnings exceeded Bloomberg analysts’ expectations.