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Technology

Marco's Pizza to start testing autonomous vehicle delivery

The pizza chain has signed a memorandum of understanding with mobile tech company Magna to test last-mile delivery in locations in North America.

Operations

Panera joins ezCater, adding to catering chops

The bakery-cafe chain is now available on the ezCater app in hundreds of markets as competition for bulk orders heats up.

The sandwich giant, which is being sold to Roark Capital, told franchisees that they must accept mobile app discounts by Dec. 28. A lot of the brand’s operators were not pleased.

Meridian Restaurants, the large operator that declared bankruptcy in March, is selling 70 of its 91 remaining restaurants to several different franchisees as well as the brand following an auction this month.

A Deeper Dive: The longtime industry executive and investor discusses what it takes to build the brand collector. He also discusses restaurant delivery, menu prices and mergers and acquisitions.

Squeezed between two bad possibilities, the industry negotiated what proponents say is an acceptable middle-ground compromise.

With financial backing from more than 30 industry veterans, Emerging Fund is hoping to offer fledgling companies a potent platform.

Calling it "exhausting political theater," the chain isn't taking sides but wants to reward "those with the stamina to watch." Drinking whenever the former president's name is mentioned is optional.

The chain's two-tiered Sweetpass loyalty program now allows members to earn and redeem rewards in restaurants, rather than just digital orders.

The Bottom Line: Minneapolis Federal Reserve President Neel Kashkari suggested a 60% chance of a soft landing with one more rate hike. But "meaningfully higher" rates are also possible.

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