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LONDON, Nov. 5, 2025 /PRNewswire/ — Doughlicious®, the award-winning international cookie dough brand known for its innovative, snackable novelty treats, is proud to announce an investment from Future Back Ventures by Bain & Company. This partnership represents another major milestone in the brand’s rapid global growth and continued momentum within the better-for-you indulgence space.
Doughlicious’ frozen cookie dough & gelato bites are certified gluten-free, free from added refined sugars and white bleached flour, and contain no artificial additives or preservatives.
Future Back Ventures invests in high-potential businesses founded or led by former Bain & Company professionals. The fund invests across the globe and in different industries, with Doughlicious being their first CPG investment given its alignment with the fund’s focus on forward-thinking ventures that are reshaping industries or categories and resonating deeply with consumers. Doughlicious’ Chief Financial Officer and Co-Founder, Dan Bricken, is a Bain alumnus whose experience at the firm was formative early in his career and continues to influence his approach to leadership and strategic growth.
“It’s incredibly humbling to receive the support of Future Back Ventures. Bain & Company has played such an important role in my professional journey, and I’m thrilled to have them involved,” said Dan Bricken, CFO of Doughlicious. “Their belief in Doughlicious and our mission to reimagine cookie dough as a modern, feel-good indulgence is both personally meaningful and exciting for what’s ahead for our business and brand.”
The investment will help fuel Doughlicious’s continued expansion in the U.S. and globally, following a series of significant growth milestones, including new retail partnerships, product innovation, and an expanding team. The brand recently launched in over 1,000 Kroger stores across the U.S., making its clean ingredients and great tasting frozen dough bites more accessible than ever.
“Doughlicious is a standout example of a purpose-driven, high-growth brand disrupting a traditional category with creativity, innovation, and integrity,” said Ann Scott-Plante, the Head of Future Back Ventures by Bain & Company. “We’re thrilled to support Dan, Kathryn, and the Doughlicious team as they bring joy and quality to consumers worldwide.”
Founded in London by Kathryn Bricken, Doughlicious has quickly gained a passionate following for its clean-label, gluten-free, and sustainable approach to indulgence, crafted from premium ingredients and available in a range of delicious flavors.
With support through Future Back Ventures, Doughlicious continues to cement its place as a global leader in the next generation of better-for-you treats.
About Doughlicious The London Dough Co.: Doughlicious is a proudly female-founded and operated business on a mission to redefine the cookie dough experience by creating the ultimate snackable treat. Focused on better-for-you ingredients and sustainable practices, the brand brings a fresh perspective to the frozen snackable treat category. Doughlicious’ frozen cookie dough & gelato bites are certified gluten-free, free from added refined sugars and white bleached flour, and contain no artificial additives or preservatives. Doughlicious products are available in over 8,000 retail stores across the US, UK, parts of Europe and the Middle East. For more information, visit https://doughlicious.co.uk/, Instagram and TikTok.
About Bain & Company Future Back Ventures (FBV) Future Back Ventures by Bain & Company invests in promising, early stage, Bain Alumni-led companies and provides portfolio companies access to the best of Bain through strategic consulting support, talent, community, tools, and resources.
Media Contact: Whitney Spielfogel [email protected] +1-516-316-4201
Short-dated bill auction sizes will be reduced in December before increasing in the following month
Analysts said there was still uncertainty over Treasury Secretary Scott Bessent’s long-term debt-management strategy.
The refunding: Treasury announced Wednesday it would sell $125 billion in notes and bonds next week – the same amount as last quarter. This issuance will refund $98.2 billion of notes maturing on Nov. 15 and raise new cash of approximately $26.8 billion.
The department will auction $58 billion of 3-year Treasury notes BX:TMUBMUSD03Yon Nov. 10; $42 billion of 10-year notes BX:TMUBMUSD10Yon Nov. 11; and $25 billion of 30-year bonds BX:TMUBMUSD30Y on Nov. 12.
Auction sizes: Treasury repeated its guidance that coupon auction sizes will remain steady “for at least the next several quarters.” However, the agency said it “has begun to preliminarily consider future increases to nominal coupon and floating rate note auction sizes.”
Bill issuance: Treasury said that based on current fiscal forecasts, it expects to modestly reduce the short-dated bill auction sizes during December. But by the middle of January, the department anticipates increasing bill auction sizes.
Treasury buybacks: Treasury said it would purchase up to $38 billion in off-the-run securities across buckets for liquidity support and up to $25 billion in the 1-month to 2-year bucket for cash-management purposes. Treasury said it expects to resume cash-management buybacks in December after pausing them in the September tax period.
Big picture: Analysts are debating when coupon sizes will need to be bumped higher once again. Treasury has held auction sizes steady since April 2024.
Stephen Stanley, chief U.S. economist at Santander, said he thought the current schedule of coupon issue sizes could last for the majority of 2026.
Thomas Simons, chief U.S. economist at Jefferies, said he thought the Treasury would not need to increase nominal coupon auction sizes for the duration of the fiscal year through Sept. 30.
Simons noted that there were “a number of wildcards” that could impact Treasury’s financing needs. He noted the Supreme Court’s ruling on President Donald Trump’s tariffs might eventually require the Treasury to refund hundreds of billions in collections. Additionally, personal income-tax refunds may be higher than they have been in recent years due to the Republican budget package passed in July, he said.
Will Compernolle, economist at FHN Financial, noted that Bessent has said he believes the best path for financing Treasury debt is through more bills now and longer-maturity issuance later.
Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said there was still uncertainty over Bessent’s long-term issuance strategy.
-Greg Robb
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies, awarded Halliburton an Integrated Drilling Services contract in OML 144 offshore Nigeria. Halliburton will support the HI gas field development for feed gas supply to the Nigeria LNG Train 7 facility.
This contract reflects our dedication to deliver integrated solutions that improve performance and efficiency in complex offshore environments. The company will deploy advanced technologies integrated with LOGIX™ automation and remote operations to improve drilling precision, efficiency, and safety in offshore operations. Our collaboration with SNEPCo and Sunlink Energies advances the HI gas field and contributes to the future of the energy industry in Nigeria.
Halliburton’s Project Management team will lead execution and integrate services to deliver end-to-end solutions. Global expertise in complex offshore projects and a strong record in Nigeria position Halliburton to meet the HI Project’s operational and production goals.
This award strengthens Halliburton’s long-term collaboration with Shell in Nigeria. It also reflects both companies’ dedication to high-performance, advanced technology solutions that achieve operational excellence and create value in Nigeria’s upstream sector.
Here are the biggest calls on Wall Street on Wednesday: KeyBanc upgrades Real Real to overweight from sector weight KeyBanc says the used clothing retailer’s stock is at an inflection point. “After further examination, we are upgrading REAL to Overweight and establishing a $16 PT prior to next week’s earnings release.” Raymond James upgrades O’Reilly to outperform from market perform The investment bank says the auto parts retailer has an attractive entry point. “We upgrade ORLY to Outperform (from Market Perform) following a clean 3Q25 report and a better entry after the recent ~14% pullback from the 52-week high.” Evercore ISI upgrades Yum! Brands to outperform from in line Evercore says the owner of brands including KFC and Taco Bell is in “rarified air.” “With an anticipated sale of Pizza Hut, our 2027e EPS drops from $7.64 to ~$7.10. That said, after the spin-off, we are modeling higher — and more consistent — profit growth and EPS of 9% and 13%. This sort of performance and visibility would place YUM in rarified air in the consumer space which could cause a valuation to eclipse our targeted 25x.” Read more. Evercore ISI upgrades Welltower to outperform from in line Evercore upgrades the healthcare real estate investment trust following earnings and says shares of Welltower have plenty more room to run. “On the heels of a very strong Q3 print last week, our ’25, ’26 & ’27 ests are rising again along with our PT which jumps from $183 to $208 and we are upgrading the stock from In Line to Outperform.” UBS reiterates Advanced Micro Devices as buy UBS raises its price target to $300 per share from $265 ahead of earnings on Tuesday. “With its first Analyst Day since before ChatGPT taking place next week, there wasn’t likely to be a ton new at earnings to swing the debate – and that was indeed the case. Set against the rally in shares into this report, we could see a pullback tomorrow. That said, we would not get cute here ahead of the Analyst Day because AMD probably lays out a path of $15-20 in EPS later this decade and AWS is probably still out there as a catalyst too.” Read more. JPMorgan downgrades Archer-Daniels Midland to underweight from neutral JPMorgan says it sees “profit headwinds” for the stock. “We are downgrading the ADM shares to Underweight from Neutral. The stock was flat at time of writing (vs. SPX flat) following a 3Q25 earnings beat but a guidance cut that suggests its profit headwinds extend beyond a lack of clarity on U.S. biofuel policies and trade relations with China.” Citigroup upgrades Kirby to buy from hold Citi says the industrial services provider is an AI and data center beneficiary. “We upgrade KEX to Buy from Neutral on favorable risk-reward from AI/datacenter tailwinds driving the rapidly-growing Power Generation business that manufactures, distributes, and services power generation systems and power distribution equipment for the datacenter industry, among others.” Canaccord upgrades Thomson Reuters to buy from hold Canaccord says it sees “upside to growth expectations.” “We see the sell-off in the stock (from over US$200 in July) as an opportunity to upgrade, given our view that TRI’s growth prospect remain intact, and could get stronger despite an evolving competitive landscape.” BMO upgrades Boise Cascade to outperform from market perform BMO says in an upgrade of Boise Cascade that the building materials company has a “robust” balance sheet. “While housing demand is likely to be choppy in the near term, we think the current stock price offers a very attractive entry point for patient long-term investors. Balance sheet is robust.” Wedbush reiterates Tesla as outperform Wedbush says it’s sticking with the stock ahead of Thursday’s shareholder meeting. “We expect Musk to get overwhelming shareholder approval on the potential $1 trillion pay package despite some opposition from various shareholders/ISS and send a loud and clear message to Elon being “wartime CEO” during this most important chapter of growth in Tesla’s history as the AI Revolution is here. We maintain OUTPERFORM and $600 PT.” Bank of America reiterates Pinterest as buy The bank says Pinterest shares are oversold but that’s standing by the stock following earnings. “We roll forward our valuation framework to 2027 EBITDA estimates and lower our PO to $39 from $44 based a lower 14x multiple , reflecting lower out year growth. We think bigger buybacks could be a sentiment positive at current levels.” Morgan Stanley reiterates Alphabet as overweight Morgan Stanley says Alphabet’s Google Cloud could grow “50%+ in 2026.” “We view Google Cloud growth as continued driver of GOOGL multiple expansion and AI-driven outperformance. Remain OW, $330 PT.” Goldman Sachs reiterates Rivian at neutral Goldman says it’s sticking with its neutral rating following Rivian ‘s earnings. “We maintain our Neutral rating on the stock. We believe the progress the company made with COGS [cost of good sold] was a positive, as COGS declined to $96K per vehicle (down about $22K qoq and $19K yoy) driven by material cost reductions.” Melius reiterates Broadcom and Nvidia as buys Melius says Broadcom and Nvidia are cloud capex leaders. “We just raised our 2026 and 2027 estimates for cloud capex (6 companies) by $85B and $192B, respectively, with 50%+ of that upside to be spent on compute/networking. Nvidia takes the biggest chunk of that, followed by Broadcom. ” Loop reiterates Super Micro as buy Loop says it remains bullish on the stock following earnings on Tuesday. “Reiterating our Buy and $60 PT post SMCI’s Sep Q EPS as our FY2027 EPS doesn’t change ($3.00) ‘tho the complexion of getting there has.”
McDonald’s sales got a lift from Snack Wraps in the third quarter.
Same-store sales, or sales at locations open at least a year, rose 3.6% for the July-September period. That was slightly ahead of Wall Street’s forecast of 3.5%, according to analysts polled by FactSet.
Same-store sales rose 2.4% in the U.S. in the third quarter, the company said Wednesday.
The fan-favorite Snack Wraps returned to U.S. menus in July after a nine-year absence. U.S. traffic to McDonald’s stores was 15% higher than average on the day they were released, according to Placer.ai, a data company.
McDonald’s also introduced Extra Value Meals in the U.S. in early September, hoping to woo back customers who’ve been turned off by high fast food prices. To kick off the promotion, McDonald’s offered an $8 Big Mac meal or a $5 Sausage McMuffin meal for a limited time in most of the country.
But Placer.ai said that promotion didn’t boost traffic as much as a more eye-popping 50-cent double cheeseburger, which McDonald’s offered on Sept. 18 to celebrate National Cheeseburger Day.
Third quarter revenue rose 3% to $7.08 billion, the Chicago company said Wednesday. That was in line with Wall Street’s expectations.
The company’s net income rose 1% to $2.28 billion. Adjusted for one-time items, including $39 million in restructuring charges, McDonald’s earned $3.22 per share. That was lower than the $3.33 analysts forecast.