McDonald’s said it will invest $8.5 billion over the next decade to modernize restaurants globally, and its shares fell nearly 5% the same day, marking the biggest one-day drop since April 2025. The company’s U.S. president said about 30 million Americans using GLP-1 weight-loss drugs are gravitating toward smaller, higher-protein meals, while company research shows 60 million Americans are actively seeking more protein. McDonald’s also said its AI drive-thru ordering system, Archy, can now take orders in English and Spanish with a 90% accuracy rate.

The Federal Reserve kept its key interest rate unchanged after its policy meeting, but nearly half of officials signaled they could support a rate increase later this year. Policymakers removed language that had implied their next move would be a cut and issued an unusually brief statement. In quarterly projections, 9 of 19 officials penciled in at least one hike this year and 6 backed two or more, a sharp shift from March projections that had anticipated a cut in 2026. The change reflects growing concern that inflation is at its highest level in three years and that higher rates may be needed if inflation does not ease.