McDonald's hamburgers linked to deadly E. coli outbreak in the US
Published On Oct 22, 2024, 4:58 PM
The CDC has reported 49 cases of E. coli linked to McDonald's Quarter Pounder sandwiches, with ingredients under investigation. McDonald's has temporarily removed slivered onions from their supply due to being the likely source of contamination. Following the outbreak news, McDonald's shares dropped by about 9%. Investigators are determining if other businesses might have used the contaminated product. No recalls have been issued yet, and the company is cooperating with health authorities while emphasizing their commitment to food safety.
Stock Forecasts
MCD
Negative
The outbreak and subsequent drop in stock price indicate a significant short-term risk for McDonald's as consumers may avoid their products due to safety concerns. However, the company's swift action to remove the suspected ingredient could mitigate longer-term brand damage if managed well.
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