Starbucks has officially denied rumors that it plans to acquire Chipotle Mexican Grill, bringing an end to intense market speculation.

A new federal lawsuit alleges Starbucks misleads customers by marketing protein beverages as sugar-free when they contain up to 21 grams of lactose.

Starbucks is closing roughly 250 stores across North America this week, marking the second major wave of retail contraction under CEO Brian Niccol.