The Dow moved higher in May, but these stocks were still losers.
McDonald's does not have the right to use the term "Big Mac" for poultry products in Europe after not using it for them for five consecutive years, the region's second top court said on Wednesday, a partial win for Irish rival Supermac's in a long-running trademark dispute. The Luxembourg-based General Court's ruling centred on Supermac's attempt in 2017 to revoke McDonald's use of the name Big Mac, which the U.S. company had registered in 1996 for meat and poultry products and services rendered at restaurants. The European Union Intellectual Property Office (EUIPO) dismissed Supermac's application for revocation and confirmed McDonald's use of the term for meat and chicken sandwiches, prompting the Irish company to challenge the decision.
McDonald's (MCD) concluded the recent trading session at $259.75, signifying a +0.33% move from its prior day's close.