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☆ Steak From Dairy Cows? It Could Be a Lifeline for American Farmers.
▼ + stars: | 2024-04-24 | by ( Florence Fabricant | ) www.nytimes.com time to read: +1 min

Meat from dairy cows, rarely valued in American kitchens and restaurants, usually becomes dog food and fast-food burgers. When mature dairy cows (about six years old) are allowed to pasture longer, their fat, which normally goes into milk, returns to the muscles and makes the meat richer and more tender. But a few farms, including Mindful Meat in Marin County, Calif., and Butter Meat Company in Pavilion, N.Y., just west of the Finger Lakes, have been selling meat from culled dairy cows and convincing skeptics. At Stone Barns, dairy cattle are living out their golden years munching on Pocantico Hills grass before becoming the highlight of a tasting menu that can run more than $400 per person. All the beef dishes at the restaurant are made with culled dairy meat; at the Stone Barns store, frozen strip-loin steaks are $24 a pound.

Persons: It’s, Dan Barber Organizations: Meat Company, Stone Locations: Europe, United States, Portugal, Spain, France, Marin County, Calif, Stone Barns, Tarrytown, N.Y, Stone, Pocantico

☆ The GOP's got a growing beef with lab-made meat
▼ + stars: | 2024-04-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

I know the legislature is doing a bill to try to protect our meat — You need meat, OK? "There's nothing about cultivated meat that is a conservative or a liberal thing," said Josh Tetrick, CEO of GOOD Meat — a cultivated meat company with the largest market share of the global industry so far. Other red-state politicians are also responding to the threat to their red meat, including Alabama State Sen. Jack Williams and Tennessee State Rep. Bud Hulsey, who have supported or proposed legislation to ban cultivated meat in their states. A nugget made from lab-grown chicken meat is seen during a media presentation in Singapore, the first country to allow the sale of meat created without slaughtering any animals.

Persons: —, Ron DeSantis, DeSantis, Josh Tetrick, Mark Post, David Parry, Reuters SB1084, David Marshall, Alabama State Sen, Jack Williams, Bud Hulsey, Williams, Hulsey, hasn't, George Peppou, Justin Sullivan, there's, OpenSecrets, Alabama Sen, NICHOLAS YEO, Tetrick, Lauš Organizations: Service, GOP, Business, Maastricht University, Reuters, DeSantis, Arizona, Alabama State, Tennessee State, Marshall, FDA, USDA, Cargill, Foster Farms, US Department of Agriculture, Getty, Alabama, Foods Locations: Florida, Netherlands, Singapore, Alameda , California, California, AFP, United States, Czech

☆ Kraft’s newest Oscar Mayer hot dog is missing meat
▼ + stars: | 2024-03-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

In the past year, the company rolled out a vegan boxed Mac & Cheese, mayonnaise and vegan cheese slices. Sinking sales have sparked troubles for pioneers, like Beyond Meat (BYND), which also has sausage products. The once-trendy plant-based meat company has faced falling demand and ballooning costs in recent years. Frey said that recent innovations in plant-based meat products, such as improving taste, texture and expanding options (i.e. Besides taste, plant-based meat “faces challenges like price competitiveness, distribution issues and consumer skepticism,” Frey said.

Persons: New York CNN — Oscar Mayer, Kraft Heinz, Oscar Mayer “ NotHotDogs, NotSausage, there’s, Sherry Frey, Frey, “, Oscar Mayer, ’, ”, ” Frey, Kraft, NIQ’s Frey Organizations: New, New York CNN, CNN, Kraft The Kraft Heinz Company, Kraft, Kraft Mac Locations: New York, Kraft’s, ”

☆ Stocks making biggest premarket moves: BYND, BMBL, AAP, BIDU and more
▼ + stars: | 2024-02-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would "steeply reduce" costs this year. EBay — The online marketplace advanced 5% one day it beat fourth-quarter earnings and revenue estimates . In addition, Ebay announced a dividend increase and authorized another $2 billion share buyback. Full-year revenue guidance of $505 million to $510 million was below the $520.9 million consensus estimate. Urban Outfitters — Shares tumbled nearly 10% one day after the clothing retailer's fourth quarter earnings and revenue missed estimates.

Persons: LSEG ., —, Bumble, FactSet ., EBITDA, FactSet's StreetAccount, LSEG, FactSet, TJ, TJX, Sarah Min, Lisa Han, Jesse Pound, Pia Singh, Samantha Subin Organizations: Revenue, Advance, AAP, FactSet, EBay, Ebay, Baidu, SEC, Materials, pharma, Wall, TJX, Marshalls Locations: China, FactSet

☆ Premarket stocks: Revolution or market bubble? Investors weigh the AI boom
▼ + stars: | 2024-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —What’s the difference between a revolution and a market bubble? Thanks to strong performances in stocks and bonds in 2023, coupled with steady savings rates and employer-provided matching contributions, 401(k) investors ended 2023 very much in the black, reports my colleague Jeanne Sahadi. That’s according to new fourth-quarter data from Fidelity Investments, one of the largest providers of workplace retirement plans that cover 23 million 401(k) participants. The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company.

Persons: New York CNN —, ’, Jamie Dimon, Dimon, ”, Torsten Slok, Yung, Yu Ma, “, Jeanne Sahadi, Gen Xers, Fidelity, Samantha Delouya, Ethan Brown, Brown Organizations: CNN Business, Bell, New York CNN, Nvidia, AMD, Taiwan Semiconductor Manufacturing, Apple, Microsoft, Amazon, Google, JPMorgan, CNBC, Apollo Global Management, Federal Reserve, BMO Wealth Management, Big, Norges Bank Investment Management, Legal, General, AFL, US Securities and Exchange Commission, Lawyers, SEC, Fidelity, Fidelity Investments, McDonald’s, KFC, Brands Locations: New York, California, “

☆ Stocks making the biggest moves midday: Bumble, Beyond Meat, eBay, Urban Outfitters and more
▼ + stars: | 2024-02-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. First Solar — Shares added more than 3% after the solar panel manufacturer reported a fourth-quarter earnings beat . Urban Outfitters — The clothing retailer plunged 15% after missing estimates for its fourth-quarter earnings and revenue. Axon Enterprise — The weapons manufacturer popped 14% after reporting a fourth-quarter earnings beat. Novavax — The vaccine maker slid 27% after Novavax missed Wall Street's estimates for its fourth-quarter revenue and earnings .

Persons: Bumble —, Bumble, FactSet, Lemonade, Viatris, LSEG, —, Novavax, Axel Springer, Schibsted, — CNBC's Brian Evans, Michelle Fox, Alexander Harring, Pia Singh, Samantha Subin Organizations: Advance, FactSet, eBay, Baidu, U.S . Securities, Exchange Commission, Attorney's, District of Massachusetts, Materials, Urban Outfitters, Boeing —, Federal Aviation Administration, Boeing, Alaska Airlines, Street, Justice Department Locations: U.S, China

☆ Beyond Meat’s stock surges after CEO promises to steeply cut costs in 2024
▼ + stars: | 2024-02-27 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! “Our 2024 plan includes taking steps to steeply reduce operating expense and cash use,” Beyond Meat CEO Ethan Brown said in a statement. On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company. Brown said the company would cut at least $70 million from Beyond Meat’s operating budget in 2024. The company also reported its full-year 2023 financial results Tuesday, reporting a net loss of $338.1 million for the year.

Persons: Ethan Brown, Brown Organizations: CNN, McDonald’s, KFC, Brands

☆ Stocks making the biggest moves after hours: Beyond Meat, Agilent, Axon Technologies and more
▼ + stars: | 2024-02-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Beyond Meat — Shares skyrocketed more than 78% after the plant-based meat company beat revenue estimates in the fourth quarter. Beyond Meat reported revenue of $73.7 million, while analysts polled by LSEG, formerly known as Refinitiv forecast $66.7 million. Agilent Technologies — Shares surged 5% after Agilent posted adjusted earnings and revenue that beat Wall Street's estimates in the fiscal first quarter. Axon Enterprise — The weapons and technology stock ticked up nearly 6% after Axon issued full-year revenue guidance that exceeded expectations at the high end. Axon forecasts revenue of $1.88 billion to $1.94 billion, while analysts polled by FactSet expected $1.88 billion.

Persons: Agilent, FactSet, Sam Adams, Boston Beer, LSEG Organizations: LSEG, eBay, Wall, Urban, Boston Beer Company, Boston Locations: FactSet

The plant-based meat company said Thursday that the reduction of about 65 employees is part of a broader corporate review. U.S. demand for plant-based meat has plummeted this year. Frozen plant-based meat sales, including items like tenders and nuggets, were down 6%. Plant-based meat is also fighting perceptions that it's overly processed and unhealthy, stoked in part by ads released by rival food companies. McDonald's has tested Beyond Meat's products in the U.S. but hasn't added them to its permanent menu.

Persons: “, Ethan Brown, Brown, El, McDonald's, hasn't Organizations: FactSet Locations: El Segundo , California, Europe, U.S

☆ Tyson Foods workers, activists protest child labor in U.S. meat sector
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: +2 min

Tyson Foods workers and activists rallied outside the U.S. meat company's headquarters in Arkansas on Monday to protest child labor and push for improved working conditions in processing plants. Dozens of protesters marched near Tyson's offices in Springdale, Arkansas, with signs saying "Stop child labor" and "Let children be children." Tyson, the biggest U.S. meat company by sales, said it respects people's right to protest peacefully and encourages employees to raise concerns with the company. It did not comment on child labor allegations. The company's code of conduct says suppliers are expected to ensure they do not use child labor.

Persons: Biden, exploitation's, Tyson, Magaly, Licolli, Perdue Organizations: Tyson, Biden Administration, Facebook, U.S . Department of Labor, The Labor Department, Perdue Farms Locations: Arkansas, U.S, Tyson's, Springdale , Arkansas, Guatemala, Tennessee

☆ Tyson Foods workers, activists protest child labor in US meat sector
▼ + stars: | 2023-10-16 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsOct 16 (Reuters) - Tyson Foods (TSN.N) workers and activists rallied outside the U.S. meat company's headquarters in Arkansas on Monday to protest the industry's use of child labor and push for improved working conditions in processing plants. Dozens of protesters marched near Tyson's offices in Springdale, Arkansas, with signs saying "Stop child labor" and "Let children be children." Tyson, the biggest U.S. meat company by sales, had no immediate comment on the protest. The company's code of conduct says suppliers are expected to ensure they do not use child labor. Asked about child labor in meat plants on Monday, the Labor Department said its Wage and Hour Division has investigations open at Tyson and Perdue Farms.

Persons: Arnd, Tyson, Biden, exploitation's, Magaly, Licolli, Perdue, Tom Polansek, Rod Nickel Organizations: Tyson Foods, REUTERS, Biden Administration, Facebook, U.S . Department of Labor, Labor Department, Tyson, Perdue Farms, Thomson Locations: Davos, Switzerland, Arkansas, U.S, Tyson's, Springdale , Arkansas, Guatemala, Tennessee

☆ Here are Thursday's biggest analyst calls: Target, First Solar, Ford, Netflix, Amazon, Spotify, Exxon Mobil and more
▼ + stars: | 2023-10-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Amazon as buy Goldman Sachs said it's standing by its buy rating ahead of earnings later this month. Citi reiterates Netflix as buy Citi said it's standing by its buy rating on the stock heading into earnings next week. Bank of America reiterates Ford as buy Bank of America said its standing by its buy rating on the stock despite the strike at Ford's largest truck plant. Bank of America upgrades Target to buy from neutral Bank of America said it sees an attractive risk/reward for Target shares. " RBC downgrades ResMed to sector perform from outperform RBC said in its downgrade of ResMed that it sees slowing earnings growth.

Persons: Warby Parker, BTIG, Goldman Sachs, Morgan Stanley, it's, JPMorgan, Bernstein, underperform Bernstein, CLX, Ford, Wells, Wells Fargo, Truist, it's bullish, D.A, Davidson Organizations: Citi, Netflix, 4Q23, Barclays, Spotify, Taiwan Semiconductor, JPMorgan, RBC, BMO, Bank of America, Ford's, UAW, Detroit, underperform Bank of America, 3Q, Microsoft, " Bank of America, of America, Exxon Mobil, Exxon, Pioneer, Seaport, Mizuho Locations: 2H24

[1/5] A woman tastes lab-grown meat served by CellX at an event to mark the opening of the cultivated meat company's pilot production facility in Shanghai, China August 9, 2023. As part of an event on Wednesday for government, investors and media, the cultivated meat company CellX served up meat developed in a laboratory from animal cells. The offerings included lab-grown meat kebabs and tofu with minced lab-grown meat. The company, founded in 2020, is among a handful of front runners in lab-grown meat production in China. (This story has been corrected to say lab-grown meat, not lab-grown lamb, in paragraph 3)($1=7.20 yuan)Reporting by Casey Hall; Editing by Miyoung Kim and Neil FullickOur Standards: The Thomson Reuters Trust Principles.

Persons: CellX, Aly Song SHANGHAI, Ziliang Yang, Yang, it's, Leticia Goncalves, Casey Hall, Miyoung Kim, Neil Fullick Organizations: REUTERS, Daniels, Midland, Thomson Locations: Shanghai, China, Singapore, U.S, Europe

☆ Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The company reported an adjusted $2.11 per share on revenue of $8.31 billion, while analysts polled by Refinitiv forecasted $1.98 and $7.58 billion. Analysts surveyed by Refinitiv had penciled in a loss of 33 cents per share on $175 million of revenue. Palantir Technologies — Palantir Technologies slid 3.4% after the data analytics company reported its second-quarter results. Beyond Meat reported an adjusted loss of 83 cents per share on $102.1 million in revenue, while Refinitiv forecasted 86 cents and $108.4 million. Paramount Global — The media conglomerate's shares climbed more than 2% in premarket trading after the company reported a quarterly earnings and revenue beat.

Persons: Goldman Sachs, NASH, Banks, Moody's, Eli Lilly, EchoStar, Charlie Ergen, Refinitiv, Lucid, Palantir, Hims, Simon & Schuster, Yun Li, Samantha Subin, Sarah Min, Pia Singh, Jesse Pound Organizations: Sagimet, Goldman, T Bank, Citizens Financial, Bank of New York Mellon, Truist, JPMorgan Chase, Telsey, Refinitiv, Novo Nordisk —, Dish, United Parcel Service, behemoth, UPS, Palantir, Paramount Global, Paramount, KKR Locations: New York, Banks —

☆ Stocks making the biggest moves midday: Beyond Meat, Chegg, PNC Financial, Dish & more
▼ + stars: | 2023-08-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The health care company reported earnings per share of $1.31. Organon posted $1.61 billion in revenue, beating analysts' expectations of $1.57 billion. Beyond Meat — The plant-based meat company fell 16% during midday trading after missing on second-quarter revenue, citing weak U.S. demand. The fragrance and cosmetics company reported revenue of $2.93 billion, falling shorter than analysts' estimates of $3.07 billion, according to StreetAccount. See Corp. — Shares of the packaging company lost 7% after See missed revenue expectations for the second quarter.

Persons: Moody's, Goldman Sachs, JPMorgan Chase, Organon, StreetAccount, Chegg, Charlie Ergen, EchoStar, Eli Lilly —, Eli Lilly, Palantir, —, Samantha Subin, Jesse Pound, Alex Harring, Hakyung Kim Organizations: PNC Financial, Citizens, T Bank —, T Bank, Webster, PNC, JPMorgan, Nordisk —, Technologies, Refinitiv . Fox Corp, Corp, —

☆ Beyond Meat earnings drop 30% with falling demand
▼ + stars: | 2023-08-07 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Troubled plant-based meat company Beyond Meat (BYND) posted a 30% revenue decline in the second quarter due to falling demand for its products, the company announced Monday. Once a Wall Street darling, a slew of problems and controversies plagued the company in 2022. Three members of its C-suite also left in 2022, including one executive who allegedly bit a man’s nose. This quarter’s revenue was $102.1 million compared to $147 million this time a year ago. Beyond Meat also announced a 24% decrease in volume of its products sold.

Persons: Ethan Brown, it’s Organizations: New, New York CNN Locations: New York

☆ Tyson Foods to shut four more US chicken plants
▼ + stars: | 2023-08-07 | by ( Tom Polansek | ) www.reuters.com time to read: +1 min

REUTERS/Adam Shrimplin/File PhotoCHICAGO, Aug 7 (Reuters) - Tyson Foods (TSN.N) said on Monday it is closing four more U.S. chicken plants in its latest effort to cut costs. Tyson said it would move the work performed in the plants to newer facilities that are closer to its customers, but declined to say how many employees were affected. Tyson in May closed two other chicken plants with almost 1,700 employees. In April, Tyson said it would eliminate about 10% of corporate jobs and 15% of senior leadership roles. The company also laid off corporate employees in Chicago and South Dakota who declined to relocate to Tyson's headquarters in Arkansas.

Persons: Adam Shrimplin, Tyson, John R, Tom Polansek, Louise Heavens Organizations: REUTERS, Tyson Foods, Thomson Locations: Finney, Holcomb , Kansas, U.S, North Little Rock , Arkansas, Corydon , Indiana, Dexter , Missouri, Noel , Missouri, Chicago, South Dakota, Arkansas

The National Pork Producers Council (NPPC), the pork industry trade group, supports the Ending Agricultural Trade Suppression (EATS) Act, a bill introduced by U.S. Animal welfare groups say Proposition 12 is necessary because some sows and hens are housed in cages so small they cannot turn around. "We ultimately don’t believe the EATS Act is aligned with progress in animal welfare," Carey said. Hormel Foods <HRL.N> and Tyson Foods (TSN.N) did not respond to questions about the EATS Act. All of its 750 ranchers are in compliance with Proposition 12, said vice president of communications Kerri McClimen.

Persons: Randy Hutton Jr, Leah Millis, Roger Marshall, Ashley Hinson, Clemens, Tyson, Bryan Humphreys, Chris Carey, Carey, Jim Monroe, Brian Moscogiuri, Galina Hale, Chris Green, Randy Hutton, Jr, Hutton Jr, Perdue, Kerri McClimen, Leah Douglas, David Gregorio, Marguerita Choy Organizations: REUTERS, U.S ., Pork Producers Council, U.S, Clemens Food Group, Supreme, Reuters, Smithfield Foods, Tyson Foods, University of California, Harvard Law School's Animal Law, Niman, Thomson Locations: Chestertown , Maryland, U.S, California, U.S . Congress, Smithfield, Santa Cruz, Shore

☆ A 'major revolution' is underway in the food industry. How to invest in the rise of alternative meat
▼ + stars: | 2023-07-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.

Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil

☆ Opinion: Lab-grown meat is an expensive distraction from reality
▼ + stars: | 2023-07-05 | by ( Alice Driver | ) edition.cnn.com time to read: +6 min

Lab-grown meat, also known as cultured or cultivated meat, costs about $17 a pound, making it unaffordable for most consumers. Lab-grown meat has more in common with meat produced at a slaughterhouse than you might think. Some critics of the meatpacking industry have gotten excited about the idea of lab-grown meat as an alternative to Big Chicken. Tyson Foods, the largest meatpacking company in the US, was an early investor in the plant-based meat company Beyond Meat and has put money in Upside Foods. Before celebrating cultured meat as a victory for anyone, surely more studies are needed to explore this point further.

Persons: Alice Driver, James Beard, Alice Driver Alice Driver, restauranteur, ” Andrés, Dominique Crenn, Andres ’, Cargill, Tyson, “ We’ve, David Humbird, Humbird, Davis Organizations: American Worker, CNN, CNN —, Tyson Foods, Foods, JBS, McKinsey & Company, Twitter, University of California, Biotechnology, Food Institute, Big Tech Locations: Little Rock , Arkansas, United States, China, Washington ,, San Francisco, Berkeley

☆ Is lab-grown meat kosher or halal? Can religious vegetarians eat it? It’s complicated
▼ + stars: | 2023-06-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

But first, the practical perspective: Neither company has yet had its US-approved cultivated chicken product certified as halal or kosher. Religious and ethical vegetariansBecause cell-cultured meat is developed from animal cells, it’s not considered vegetarian by Upside Foods or Good Meat. But people who don’t eat meat for animal welfare or environmental reasons may want to give cultivated meat a try. In this case, the question of whether cultivated meat is considered meat, from a religious perspective, is significant. For cultivated meat to be considered kosher, it “would require that it came from a kosher slaughtered animal.” Chicken that is grown from cells taken from a kosher, unfertilized egg would be considered kosher, he said.

Persons: it’s, Mat McDermott, ”, McDermott, Hare Krishnas, Lord Krishna, Anuttama Dasa, Mohammad Hussaini, Hussaini, kashrut, Menachem Genack, ” Genack, David Lau, Didier Toubia, Toubia, “, There’s Organizations: New, New York CNN, USDA, Inc, Foods, Hindu American Foundation, ISKCON, International Society, Krishna, American Halal Foundation, OU, CNN Locations: New York, United States, Israel, Persian Gulf, Southeast Asia

☆ Opinion | America Has a Chance to Make Farming More Climate Friendly
▼ + stars: | 2023-06-12 | by ( Robert B. Semple Jr. | ) www.nytimes.com time to read: +14 min

Why, when we think of climate change, do we think of big oil, not big ag; Exxon and not Tyson? It’s time you met the big ag lobby, one of the most powerful influences on policy in America. But when we started digging into the big ag lobby, we discovered it’s basically — “The most powerful lobby on Capitol Hill. So the big ag lobby has one key aim — block environmental regulation. I absolutely envy how good these lobbyists are at their job.” It’s outrageous what the big ag lobby has gotten away with.

Persons: “, Peter Lehner, He’s, I’m, It’s, Tyson, Jennifer Jacquet, She’s, Peter, she’s, ”, Zippy Duvall, “ —, John Boehner, —, You’ve, Waxman, Markey, Obama, American Farm Bureau Federation didn’t, ” —, JBS, don’t, they’re, Chuck Schumer, Cory Booker, I’ve, they’ve Organizations: Agriculture, ExxonMobil, Shell, Exxon, Washington , D.C, American Farm Bureau Federation, Capitol, U.S . Farmers, Tyson, New York Times, Republican, Senate’s Agriculture, pharma Locations: America, United States, Lake Erie, U.S, China, Washington ,, Kyoto, Senate’s

☆ Jaguar Land Rover's VC arm backed a $2 million round in plant-based leather startup Uncaged Innovations after seeing this 11-slide pitch deck
▼ + stars: | 2023-06-02 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Biotech startup Uncaged is mimicking the characteristics of traditional leather but using plants. Uncaged just nabbed $2 million from Jaguar Land Rover's investment arm using this pitch deck. A startup creating animal- and plastic-free leather just netted $2 million in a pre-seed round that was backed by Jaguar Land Rover's investment arm InMotion Ventures. US biotech company Uncaged Innovations, founded in 2020, mimics the characteristics of skin proteins with plants. Uncaged Innovations is taking a "two-pronged approach" by serving the fashion and automobile industries.

Persons: Stephanie Downs, Xiaokun Wang, Johns Hopkins, Tesla, Downs, VegInvest, Alwyn Capital Organizations: Biotech, Land, Jaguar Land, InMotion Ventures, Uncaged Innovations, Downs, Brands Locations: York

☆ Steakholder Foods and Umami Meats have teamed up to create the world's first 3D-printed cultivated fish fillet
▼ + stars: | 2023-05-31 | by ( Michelle Cohan | ) edition.cnn.com time to read: +6 min

A “Star Trek“-like, food-on-demand 3D printer has just served up a real, cultivated fish fillet for the first time. Steakholder Foods, a startup based in Israel, produced the 3D-printed cut of grouper – “a significant milestone in the food industry,” says Arik Kaufman, CEO of Steakholder Foods. Chicken nuggets from Steakholder Foods, pictured, are considered a hybrid product, containing both plant-based and cultured ingredients. At the time of writing, Singapore is the only country in the world where cultivated meat products are commercially available. “One way is to create hybrid products, so something that (combines) cultivated meat with plant-based meat or conventional meat,” Block tells CNN.

Persons: ”, Arik Kaufman, Mihir Pershad, ” Kaufman, we’ve, Orit Goldman, Liz Specht, Davis, Ronen Mangan, David Block, GFI’s Specht Organizations: CNN, Steakholder Foods, Good Food Institute, UN, of California, NASA, Foods, Food and Drug Administration, FDA, UC Davis, Consortium Locations: Israel, Singapore, bioreactors, California

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

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