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Wendy’s shares surge as Trian, its largest shareholder, explores potential deal

A drive-thru window of a Wendy's restaurant in Peoria, Illinois.Daniel Acker | Bloomberg | Getty ImagesShares of Wendy's surged roughly 15% in extended trading Tuesday after a filing revealed hedge fund Trian Partners, its largest shareholder, is exploring a potential deal with the company.Trian, along with its partners, owns a 19.4% stake in the burger chain and said it was seeking a deal to "enhance shareholder value" that could include an acquisition or merger, according to the filing.The firm said it has retained…

FedEx explores aerial shipments using Elroy Air’s heavy-lift cargo drone

Back in January, Elroy Air showed off a pre-production version of an autonomous cargo drone capable of carrying 500-lb (227-kg) loads over 300 miles (482 km), and we've now learned FedEx plans to soon put these capabilities to the test. It has teamed up with the San Francisco-based startup to begin trials designed to demonstrate pilot-free aerial shipments between its sorting centers, with test flights to begin next year.Like other big-name logistics companies such as DHL, FedEx has been exploring the potential of…