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On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.Ukrainian Prime Minister: Russia’s attack on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv and Poltava regions.November 8th - Pfizer has finalized its $10 billion acquisition offer for Metsera, a startup focused on weight-loss drugs, after a bidding war with Novo Nordisk. Novo Nordisk stated that after careful evaluation, it decided not to raise its offer and will continue to monitor business expansion and other acquisition opportunities. Under the agreement, Pfizer will complete the transaction at a maximum price of $86.25 per share, including an initial cash payment of $65.60 per share, and an additional consideration of up to $20.65 per share if certain performance targets are met.November 8th - On November 7th local time, Canadian Prime Minister Mark Carney stated that the increasingly close economic relationship between Canada and the United States over the past decades has come to an end. Carney said that Canada once enjoyed some economic advantages due to its close ties with the US, but this has now become a weakness. He described this change as rapid and almost seamless, and called for a swift and radical shift in Canadas economic strategy.

DoorDash Increases Its Core Growth Objective For 2022 After A 35% Increase in Sales

Aria Thomas

May 06, 2022 09:34

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DoorDash Inc increased its full-year projection for a key industry statistic on Thursday, signaling that it has largely avoided the staffing shortages that have afflicted the majority of industries in order to provide seamless food and grocery delivery.


DoorDash's stock jumped 9% after the company also posted a better-than-expected 35% increase in quarterly sales, allaying investor fears that an easing epidemic would encourage people to dine out more and order in less.


The company's reputation as a facilitator of the gig economy has aided in attracting a consistent supply of delivery agents, in contrast to Domino's Pizza (NYSE:DPZ) and Pizza Hut, which have battled to sustain their fleets of riders in a difficult labor market.


DoorDash has retained its delivery workers in part because it has taken steps to alleviate the burden of rising gas costs by paying cash back and streamlining the process of working with the firm, according to CFO Prabir Adarkar.


The business now anticipates a gross order value of $49 billion to $51 billion for 2022, up from a previous range of $48 billion to $50 billion.


"Convenience is important to consumers. They like the convenience of having food and things delivered directly to their front door. As they begin to use the product, they develop a habit and gradually increase their usage "As Adarkar stated.


According to YipitData, DoorDash increased its market share in the US meal delivery business by one percentage point to 57% in March, while Grubhub lost momentum.


However, DoorDash's loss per share increased to 48 cents in the first quarter, up from 34 cents a year ago, as the company spent extensively in growing its grocery and other necessities delivery network and international expansion.


For the quarter ending March 31, revenue was $1.46 billion. According to Refinitiv's IBES data, analysts expected a loss of 41 cents per share on sales of $1.38 billion.

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