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Investigators are working to determine which ingredient may be contaminated, and McDonald’s has withdrawn ingredients for the burgers, the CDC said.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

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
World

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led […]

Read More
Silver plummets 15%, gold falls 7% — dragging down miners and ETFs
World

Silver plummets 15%, gold falls 7% — dragging down miners and ETFs

Argor-Heraeus’ CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Denis Balibouse | Reuters Gold and silver prices plunged on Friday, sparking a global sell-off of stocks and funds linked to the metals. By 5:04 a.m. ET, spot […]

Read More
CNBC Daily Open: We’ll soon find out who the new Fed chair is
World

CNBC Daily Open: We’ll soon find out who the new Fed chair is

A digger sits at the construction site of the Federal Reserve headquarters, after U.S. President Donald Trump renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell over Powell’s management of renovations of the building, in Washington, D.C., U.S., January 12, 2026. Kevin Lamarque | Reuters The current moment feels like the finale […]

Read More