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McDonald's to revamp Happy Meals

The markets extended its gains during the midday with the Dow jumping 237 points to 25,130. Nasdaq surged 97 points to 7241.


McDonald's announced plans to redesign its Happy Meals so that they are healthier. All Happy Meals sold in the U.S. will have a maximum of 600 calories with 10% of the calories coming from saturated fat and 10% from added sugar beginning in June. Bottled water will be added as a drink option while cheeseburgers will only be available upon request.


U.S. Bancorp has agreed to pay civil and criminal penalties totaling $613 million for lax oversight of suspicious transactions. Payday lender Scott Tucker was able to run an illegal scheme because U.S. Bank ignored transaction monitoring alerts. Tucker is now serving a 16 year sentence for laundering millions of dollars through sham bank accounts.


Amazon will settle allegations of Federal Insecticide, Fungicide and Rodenticide Act violations by agreeing to pay more than $1.2 million in penalties. The Environmental Protection Agency has accused the retail giant of allowing third parties to sell illegal pesticides that may dangerous to communities. Amazon has committed to closely monitoring and removing illegal pesticides from its websites.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 26 points to 2,724. Bitcoin surged $663 to $10,120.


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