McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders

McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders


A McDonalds located on Route 66 in Azusa, California, on April 1, 2024.

Robert Gauthier | Los Angeles Times | Getty Images

McDonald’s shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has led to 10 hospitalizations and one death.

The agency said 49 cases have been reported so far in 10 states from Sept. 27 to Oct. 11, with most of the illnesses in Colorado and Nebraska. “Most” sick people reported eating a McDonald’s Quarter Pounder, the CDC added.

One of the patients developed hemolytic uremic syndrome, which is a serious condition that can cause kidney failure. An older adult in Colorado died. 

The CDC said the number of people affected by the outbreak is “likely much higher” than what has been reported so far. The agency said that’s because many people recover from an E. coli infection without testing for it or receiving medical care. It also typically takes three to four weeks to determine if a sick patient is part of an outbreak, the CDC added. 

Investigators are working to determine which ingredient may be contaminated, and McDonald’s has withdrawn ingredients for the burgers, the CDC said. The agency said early information from the Food and Drug Administration shows that onions may be a source of the outbreak.

Quarter Pounder hamburgers will be temporarily unavailable in some states, but the CDC did not clarify which ones. 

McDonald’s shares dropped about 9% in after-hours trading Tuesday.

This map shows where the 49 people in this E. coli outbreak live.

Source: CDC

E. coli refers to a group of bacteria found in the gut of nearly all people and animals. But some strains of the bacteria can cause mild to severe illness if a person eats contaminated food or drinks polluted water.

Symptoms, including stomach cramps, diarrhea and vomiting, usually start three to four days after swallowing the bacteria, according to the CDC. Most people recover without treatment after five to seven days.

This is breaking news. Please refresh for updates.



Source

Stocks gyrate as Nvidia gives up opening gain: Live updates
World

Stocks gyrate as Nvidia gives up opening gain: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 8, 2024. Michael M. Santiago | Getty Images Stocks seesawed in early trading Thursday as Nvidia gyrated following the release of its latest quarterly results. The Dow Jones Industrial Average added 95 points, or 0.2%. The S&P 500 dipped […]

Read More
International Criminal Court issues arrest warrants for Netanyahu and Hamas officials
World

International Criminal Court issues arrest warrants for Netanyahu and Hamas officials

The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel’s offensive in the Palestinian territory. The decision turns Netanyahu and the others into […]

Read More
Nvidia shares slump 3% in premarket as quarterly revenue growth slows
World

Nvidia shares slump 3% in premarket as quarterly revenue growth slows

POLAND – 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Nvidia shares dropped in U.S. premarket trading Thursday after the tech giant’s third-quarter earnings failed to impress investors. Shares of the […]

Read More