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Weekly Global News Wrap: Krispy Kreme looking to raise up to US$640m in IPO; Chipotle drives loyalty with new video game; Wendy’s trials Spicy Black Bean Burger

Here is a summary of the most interesting news stories of the week from around the world.

Krispy Kreme is looking to raise between US$560 million to US$640 million through its initial public offering this year, CNBC reported. The doughnut chain is looking to sell its stock for $21 to $24 a share, which may give it an implied valuation of up to $3.96 billion. Read more here.

McDonald's is slated to launch its first-ever nationwide loyalty program in the U.S. on July 8. As CNN reported, the MyMcDonald's Rewards initiative is only available on its app and gives customers 100 points for every dollar spent. People who sign up will automatically get 1,500 points after their first order using the programme. Read more here.

Chipotle, meanwhile, is launching a racing video game to celebrate a new update to its loyalty program. The game, called Chipotle Race to Reward Exchange, features a farm-inspired map where players can race and avoid obstacles to win game points. Those at the top of its leaderboard can win an electric car, electric bike or electric skateboard. Read more here.

Wendy’s created a new plant-based Spicy Black Bean Burger and will begin testing it in three U.S. states on June 28, Nation's Restaurant News reported. The test patty includes black beans, chickpeas, brown rice, carrots, corn, green bell pepper and red bell pepper. Read more here.

Taco Bell says its Naked Chicken Chalupa now has a plant-based shell. Restaurant Business reports the shell is made from a proprietary pea protein-based blend and is certified vegan by the American Vegetarian Association. Read more here.

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