McDonald's and Krispy Kreme, Elon Musk’s internet, and Boeing's CEO is out: Business news roundup

Breakfast at McDonald’s is about to get much — much — sweeter. The Chicago-based fast food chain is expanding its partnership with Krispy Kreme, the Charlotte, North Carolina-based doughnut chain. McDonald’s locations across the U.S. will offer three types of doughnuts — original glazed, chocolate iced with sprinkles, and chocolate iced cream-filled doughnuts — on their menus later this year.

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In countries with slow, unreliable, and in some cases censored internet service, SpaceX’s Starlink satellite internet terminals are reportedly being used and traded on the black market — even in places where Elon Musk’s space company has no agreement to operate.

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U.S. executives who extended business trips to China in anticipation of meeting with Chinese President Xi Jinping met with the leader Wednesday amid China’s efforts to attract more foreign investment.

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Boeing CEO Dave Calhoun will step down from the aerospace giant by the end of 2024, the company said Monday, as Boeing navigates the fallout of a near-disastrous incident involving a 737 Max jet earlier this year and other safety issues it revealed. -

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The Francis Scott Key Bridge in Baltimore collapsed in the early morning hours of Tuesday, according to the Maryland Transportation Authority. The cause of the collapse was a container ship striking a column, which sent the bridge into the water of the Patapsco River below. The entire thing was captured on video during a livestream.

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Dave Calhoun is out as Boeing’s CEO. He’ll stick around until the end of the year, but he’ll be invested in the company for years to come.

“I want to assure you, we will remain squarely focused on completing the work we have done together to return our company to stability after the extraordinary challenges of the past five years,” he wrote to the company’s workers in a letter Monday. But it’s more than pride he has on the line. He has more than $51 million in stock options and grants riding on a turnaround.

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Meta has already spent billions on chips to build on its AI efforts against competitors. Now its chief executive is reportedly spending time wooing AI talent from its rivals.

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When news first broke that a Texas man had successfully been able to sneak onto a plane last week in Salt Lake City using nothing but a photo of someone else’s ticket, many wondered how he actually accomplished that. And new airport surveillance footage obtained by ABC News is giving us some clues.

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Amazon is reportedly withholding cash pay raises from senior managers and other leaders this year after the e-commerce giant’s stock soared well-above what was expected.

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