Welcome to Markets Desk, your midday read on what's moving markets and the business world.
Burger King is making a serious run at the burger throne. The chain has reclaimed its position as America's second-largest burger operation by sales, overtaking Wendy's and closing ground on McDonald's. A multi-year renovation push and a renewed focus on food quality appear to be delivering real results this quarter.
Shifting to tech, The Trade Desk hit yet another seven-year low today, deepening a slide that began when the programmatic advertising platform posted deeply disappointing financial results earlier this month. Investors have shown little patience for the miss, and the continued selling pressure suggests confidence in management's near-term outlook remains fragile at best.
And in a story capturing attention well beyond financial circles, actress Hayden Panettiere was found in cardiac arrest on Sunday. The coroner's office in Greenville County, South Carolina confirmed her death and noted that an autopsy revealed no signs of trauma contributing to the cause. She was thirty-five years old.
That's the tape. Markets Desk, signing off the floor.
