BioNTech to Buy CureVac for $1.25 Billion to Boost Cancer Arm
CureVac investors will get approximately $5.46 in BioNTech shares for each CureVac one, the companies said Thursday. The price represents a 34% premium to CureVac's closing share price on Wednesday. CureVac shareholders will own between 4% and 6% of BioNTech once the deal closes.
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Miami Herald
36 minutes ago
- Miami Herald
Huge Domino's franchisee closes 200 locations, adds new menu item
For decades, Domino's Pizza enjoyed a massive advantage. It was really the only company doing delivery efficiently. For a very long time, investors thought of the chain as a technology company and not really a food operation. That also seemed to be how the chain saw itself as it invested heavily in items like its Pizza Tracker and not so much in its actual product. Related: Costco food court warning unveils major concern Domino's Pizza was cheap and you could get it pretty much anywhere at a time when delivery options were very limited. That delivery advantage essentially powered the business for decades. Domino's built out its delivery, infrastructure and maintained a global advantage, not just over other pizza, places, but overtake out food in general. In recent years, with the rise of food delivery like DoorDash and Uber Eats, the Domino's advantage does not matter as much. It's much more expensive to use these services, but they open up the entire world of restaurants to the delivery market. Don't miss the move: Subscribe to TheStreet's free daily newsletter Now, while Domino's might be your only food option after midnight, during the rest of the day you have endless choice. The pizza giant is still popular and still cheap but it did see its first quarters without sales growth in decades over the past 12 months. Now, one of the chains key franchise operators has closed 200 stores. But, it has a wild new food item designed to win back audience. While it's tempting to blame The Noid for any struggles Domino's has, that evil scamp has been famously ineffective in his efforts to disrupt the pizza chain. In many ways, he's like Wile E. Coyote being embarrassed by The Roadrunner. The Noid has also confined his activities to the United States as it's difficult to travel abroad when you wear a mask. That creates all sorts of passport problems and has left The Noid as an ineffective, American pizza, terrorist, not a global one. Earlier this year, Domino's (DPZ) largest franchisee, Domino's Pizza Enterprises (DPE) shared its decision to close over 200 stores. "Less than three weeks ago, we announced we were closing 205 loss-making stores, mainly in Japan and mostly opened during COVID-19. This isto sharpen focus on stores and regions with the greatest potential, improving profitability and support our broader turnaround," DPE CEO Mark Dyck shared during the company's half-year earnings call. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers He tried very hard to qualify the shutdowns as strategic and not a sign of a failing business. The CEO actually seemed like he only mentioned the 205 closing stores because of legal operations. "Because of disclosure obligations, we updated you then because we are moving at pace. I want to be clear that those recent closures in Japan do not reflect and shouldnot be interpreted as a statement on our long-term opportunity to grow, including new store openings," he added."The fact is good stores create great value,and you can see that by the improvement in unit economics of our franchise partners we have achieved over the past 12 months." DPE's biggest marker is Japan where it still has over 750 locations. The franchisee, perhaps to distract from the stores closing has introduced the bonkers new "Crispizzaburger" across Japan. The Crispizzaburger seems like the sort of product someone who has only seen the United States on television might create. It's a crispy pizza crust topped with various ingredients folded over, sprinkled with parmesan cheese, and baked. It does not offer a burger patty or really look like a burger, but it is crispy and made from pizza dough. "Originally sold by Domino's Pizza in Australia, the 'Crispizzaburger' has been adapted for local tastes in Japan, with three flavours to choose from - the classic 'Garlic Bacon Cheese,' 'Teriyaki Cheese,' and the limited-time "Double Cheese Beef." Each variety comes with a side, and is available for takeout from the time of opening until 4 p.m., priced at 790 yen each (about $5.36), Japan Today reported. Related: Coca-Cola brings back controversial Coke flavor Domino's Japan has also launched a new line of Bento Box-style lunches. Those include a personal pizza, a side dish, and a drink. Sides include baked potato wedges, cheese sticks, chicken nuggets, salads, clam chowder, and a soup called "corn pottage, "a warm, sweet corn soup full of crunchy corn pieces," the chain shared on its website. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Upturn
3 hours ago
- Business Upturn
Could Trump's 'Big Beautiful Bill' Be Quietly Backed by This Long-Ignored U.S. Asset?
Washington, D.C., July 13, 2025 (GLOBE NEWSWIRE) — As the political world awaits details of President Trump's 'Big Beautiful Bill,' a presentation from former CIA advisor and White House insider Jim Rickards is stirring quiet speculation about a lesser-known asset already under government control. Rickards outlines a forgotten resource—massive in size, critical to national security, and potentially aligned with the goals of the president's next major legislative move. 'It's Been There All Along' In his presentation, Rickards describes an untapped network of mineral wealth sitting beneath federally managed land—including rare earths, copper, lithium, and uranium. '$516 billion is here in the Salton Sea area of California… $3.1 trillion is held in Nome, Alaska. And $7.35 trillion is here, in Midland, Texas…'. 'The nature of this 'trust' as I call it, is such that politicians haven't been able to raid it… which has allowed it to grow untouched… for decades' . A New Approach from the Top? Trump recently stated, 'There are certain areas where we have great, raw earth… and we're not allowed to use it because of the environment. I'm going to open them up' . Rickards believes this statement marks more than rhetoric. 'Trump is re-opening our mineral-rich Federal Lands. And fast-tracking companies that could recover trillions of dollars' worth of resources, right here in America' . Whether this is part of the 'Big Beautiful Bill' or simply part of a broader policy shift, the signals are aligning. No Payout. No Program. 'This isn't some kind of government program like those COVID relief checks a few years back,' he writes. 'But it is a chance for the average American to become richer than they ever imagined'. 'It's not earmarked for any specific individual,' he clarifies. 'I'm just trying to use terminology that will make the most sense to viewers'. Dormant for Decades. Now in Play? Rickards points to long-stalled projects—Resolution Copper, Pebble Mine, and Thacker Pass—that have sat in limbo for years. 'Resolution Copper Mine… 29 years. Pebble Mine… since 1990. Thacker Pass Lithium Mine… since 1978' . 'We know exactly where these minerals are. We know they're worth trillions of dollars. And now—for the first time in half a century—we can go get them'. About Jim Rickards Jim Rickards is a former advisor to the CIA, U.S. Treasury, and Pentagon. He played a key role in the original Petrodollar Accord and has advised multiple U.S. administrations on global finance, security, and strategy. He is a bestselling author and widely respected for his insights into America's untapped potential. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Miami Herald
4 hours ago
- Miami Herald
Walmart makes drastic change to fight theft amid worrying trend
It's hard to believe that just a few years ago, many of us still shopped the old-fashioned way. We'd get dressed (typically in pants without elastic waistbands), grab our phone, keys and wallet, and drive the 10-15 minute trip to our local big-box store. Related: Popular retail chain quietly closes over 100 stores There, we'd get the usual supplies. Groceries, tech equipment, pet supplies, household products, and school or office materials were most common. Sometimes, if we were were feeling spontaneous, we'd pick up some fun purchases, like cosmetics, clothing, pool or beach equipment during the summer, or holiday decor during the chillier months. How times have changed. These days, many of us shop online for the things we need. A Bank of America survey in late 2023 found that 42% of respondents in the U.S. claim they plan to spend more money online over the next year. This is partly because it's just easier to shop online now. Many of us hold at least one membership to a big retailer. It could be Amazon Prime (which boasts over 220 million members), Walmart+, or Target Circle 360. All three offer fast shipping, typically low prices, and unbeatable convenience. And even if you do have to wait a day or two for your package to arrive, at least you didn't have to put jeans on to get it. Image source: Shutterstock E-commerce providers have made ordering online almost unbeatably easy. And their services are pervasive. "Bank of America's survey also noted that 61% of respondents said they plan to shop for their groceries online. Over a quarter (27%) of respondents said Walmart was their preferred grocery website, followed by Amazon (19%) and Instacart (10%), according to the report," Retail Dive reports. Shopping for food and staples online is a relatively new habit, thanks in part to Covid, which saw many supermarkets shut down or severely limit capacity. More Retail: Lowe's launches massive early answer to Amazon Prime DayTarget has new plan to win back customers with big savingsHome Depot makes clear statement amid boycott threatsFamous retail chain makes two more alarming store closures And many of us have stuck with online retailers to procure our daily essentials. But as foot traffic drops, other issues pervade the retail space. Theft and organized retail crime have spiked over the past five years. The National Retail Federation says that in 2023, retailers saw a 93% jump in theft compared to 2019 levels. This is partly because many retailers are operating at reduced capacity. Most retailers employ fewer staff, since labor is costly and harder to come by. Less oversight often allows theft and other crimes to increase, especially when automated checkouts are used. So Walmart (WMT) has been taking steps to prevent theft in stores. TikTok user @LadyLuckk posted a TikTok video reporting her local Walmart had even locked up socks to prevent shoplifting. "Welcome to Walmart. You can't even get socks because it's locked," she explains in her post. Related: Starbucks unveils perfect answer to Chick-fil-A, Wendy's drinks The video shows a long wall display of different socks all kept locked up behind plexiglass shields. Walmart, for its part, says it takes different theft prevention measures on a store-by-store basis, depending on need and incidence level. In April, a Walmart Supercenter in Shrewsbury, Mo., completely did away with its self-checkouts because theft at the store was hurting business. The measure worked. Between January-May 2025, calls to the police reporting theft and shoplifting decreased to 11% of calls overall - about a reduction by half. Arrests were down, too. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
