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Yahoo
30 minutes ago
- Yahoo
This Fast-Casual Chinese Chain Is Beating Local Spots At Their Own Game
Let's face it: America's very fond of chain dining. Whether it's one of the best regional fast food chains or one of the ubiquitous giants, corporate eating covers every context. And both the cuisine and locations of such operations are rapidly evolving: It's not just about burgers or fried chicken anymore. And now, Pei Wei is once again changing the game. Since starting some 25 years ago in Arizona, the chain operates over a hundred locations all across the country. During their first decade of preparation, several factors set them apart. They were among the earliest corporate adopters of gluten-free and allergy sensitive dining. And the interior is sleek, but still casual, with a convenient counter service model that saves costs. Last -- but certainly not least -- for easy-going Pan-Asian fare, the eclectic menu hits the spot: Think classics like orange chicken, Mongolian beef, as well Poke bowls, Thai-influenced curries, and more. Throw in affordable pricing, and such a combination of factors cemented their enduring growth -- a valued evidenced by their (and P.F. Chang's) acquisition for over a billion dollars in 2012. Such a scale cements Pei Wei as the second biggest player in Asian food. The more fast-food like Panda Express menu is the only company that more commercially successful. However, for many Americans, Pei Wei even beats out local, hole-in-wall options. Read more: Chain Restaurants That Serve The Highest And Lowest Quality Steak Pei Wei may have introduced you to classics like orange chicken, but the chain didn't invent Chinese-American cuisine. Instead, many items off their menu are adapted versions of fare that traces roots to 19th century California. It's here that Cantonese-run eateries -- especially densely cluttered in the Bay Area -- first created tasty and affordable dishes like chop suey. And the creation of orange chicken is accredited to Panda Express in 1987. So while Pei Wei does offer a few signature dishes like their protein bowls and salads, they mainly stick to tried and true Asian-American classics. Pei Wei broke into such a formula by way of P.F. Chang's, their more upscale counterpart chain which opened in 1993 (and now boasts a great happy hour). An innovator in specifically wok-driven dishes sold to American audiences, P.F. Chang's has enjoyed popularity since the 1990s, with their snazzy surroundings yet comforting fare. The parent company launched Pei Wei in 2000 to deliver simpler Asian-American classics in a more casual environment, with less overhead. The move proved hugely commercially successful, leading to the chain that still thrives today. Read the original article on Chowhound.
Bloomberg
30 minutes ago
- Bloomberg
Stonepeak Is Said in Talks to Invest in Warburg-Backed Princeton
Stonepeak Partners is in talks to invest in data center operator Princeton Digital Group, people familiar with the matter said, as the US infrastructure investor seeks to build up its presence in Asia Pacific. Stonepeak may seek to invest more than $1 billion in Singapore-based Princeton Digital via a structured equity deal, the people said, asking not to be identified because the deliberations are private. Talks are ongoing and no final decisions have been made, the people said, adding that details such as the final size and structure of the transaction could change.
36 minutes ago
Planned Parenthood sues Trump admin, saying it is targeted by provision in megabill
A federal judge in Massachusetts granted a temporary restraining order against a provision in President Donald Trump's recently passed tax and policy megabill that would deny Planned Parenthood and its member organizations Medicaid funding for one year for non-abortion health services. Planned Parenthood, the largest reproductive health provider in the United States, and two of its member organizations had filed a lawsuit against the Trump administration earlier Monday over the provision, which the groups said was meant to target Planned Parenthood and its member organizations over abortion access. While the Hyde Amendment already prohibits the use of federal funding for abortions, the provision would prevent providers that offer abortion services and that received over $800,000 or more in federal Medicaid funding in 2023 from receiving Medicaid funding for other kinds of care for one year. Judge Indira Talwani, who was nominated by former President Barack Obama, wrote in the temporary restraining order that "Defendants, their agents, employees, appointees, successors, and anyone acting in concert or participation with Defendants shall take all steps necessary to ensure that Medicaid funding continues to be disbursed in the customary manner and timeframes to Planned Parenthood Federation of America and its members; Planned Parenthood League of Massachusetts; and Planned Parenthood Association of Utah." The order is set to remain in effect for 14 days, and a hearing has been set for July 21. Planned Parenthood, in a statement on social media on Monday night, wrote, "We're grateful that the court acted swiftly to block this unconstitutional law attacking Planned Parenthood providers and patients... The fight is just beginning, and we look forward to our day in court!" In its lawsuit, Planned Parenthood wrote that the bill's provision was meant "to categorically prohibit health centers associated with Planned Parenthood from receiving Medicaid reimbursements… in order to punish them for lawful activity, namely advocating for and providing legal abortion access wholly outside the Medicaid program and without using any federal funds." Mentioning that Planned Parenthood branches serve over a million patients using Medicaid each year, the group wrote, "losing the ability to choose a Planned Parenthood Member health center as their Medicaid provider will be devastating for Medicaid patients across the country." The group also said that Planned Parenthood clinics, services, and staff would likely be eliminated if the clinics can no longer get Medicaid reimbursement. The lawsuit names Secretary of Health and Human Services (HHS) Robert F. Kennedy, Jr. and Centers for Medicare & Medicaid Services (CMS) administrator Mehmet Oz, along with their respective agencies, as plaintiffs. ABC News has reached out to HHS and CMS for comment. Multiple groups that oppose abortion access condemned the lawsuit, calling the bill a win for their cause and framing Planned Parenthood as desperate. "Planned Parenthood's desperation is showing as they run to the courts again to fix a crisis of their own making. Time after time they rely on unelected judges to bail them out of trouble, rather than fix deep systemic problems internally... As Planned Parenthood doubles down on lawfare and abortion politics, they prove exactly why the One Big Beautiful Bill is a historic victory for the people, stopping half a billion dollars in forced taxpayer funding of the corrupt abortion industry for the first time," Susan B. Anthony Pro-Life America director of legal affairs Katie Daniel said in a statement.
