From Yahoo Finance: 2025-05-30 20:08:00

DoorDash (NASDAQ:DASH) is set to acquire U.K.-based Deliveroo in a $3.9 billion deal, expanding its reach into the European market. The deal reflects a changing landscape in the food delivery business, with increased competition and consumer belt-tightening. Deliveroo CEO Will Shu remains optimistic about the company’s future despite challenges. DoorDash CEO Tony Xu is excited about the merger, covering over 40 countries with a combined population of more than 1 billion people. The two companies did roughly $90 billion in delivery orders in 2024. Delivery services must consolidate to survive the current downturn. 1. The CDC reports a record-breaking 100,000 new COVID-19 cases in a single day, with hospitalizations on the rise nationwide.

2. Tesla’s stock price jumps 10% after Elon Musk announces plans to release a new electric car model with longer battery life and faster charging capabilities.

3. The US economy adds 500,000 jobs in October, signaling a strong recovery despite ongoing challenges from the pandemic.

4. Pfizer announces promising results from its COVID-19 vaccine trial, showing a 90% effectiveness rate in preventing infection.

5. Apple unveils its latest iPhone model, boasting improved camera quality and 5G capabilities for faster internet speeds.



Read more at Yahoo Finance: Is DoorDash Planning To Gobble Up Europe? Company Strikes $3.9 Billion Deal To Buy UK Food Delivery Company Deliveroo