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Start-up companies around the world are competing to develop technologies for producing chicken, beef, salmon and other options without the need to raise and slaughter animals. Now, a measure in Florida that would ban sales of laboratory-grown meat has gained widespread attention beyond state borders. The bill, which is advancing through the Florida Legislature, would make the sale or manufacture of lab-grown meat a misdemeanor with a fine of $1,000. It’s one of a half-dozen similar measures in Arizona, Tennessee, West Virginia and elsewhere. Opponents of lab-grown meat include beef and poultry associations worried that laboratory-made hamburgers or chicken nuggets could cut into their business.
Organizations: Department of Agriculture, Florida Legislature Locations: China, United States, Florida, Arizona , Tennessee, West Virginia
What is the Atlantic diet?
  + stars: | 2024-02-13 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +6 min
CNN —The traditional diet of northern Portugal and northwestern Spain, known as the Southern European Traditional Atlantic Diet, or Atlantic diet for short, may hold some clues to better heart health and a lower risk of dying early from cancer, heart disease or any cause, according to studies conducted in Europe. The diet is based on foods grown or found in that part of the Europe, much like its famous cousin the Mediterranean diet. Because it’s plant-based and locally sourced, the Atlantic diet also helps protect the planet by contributing to the United Nations’ Sustainable Development Goals, the study’s authors noted. Like the Mediterranean diet, the Atlantic diet focuses on home-cooked food served family style, with an emphasis on social interactions between friends and family. However, other studies have shown that not all food groups in the traditional Atlantic diet are beneficial.
Persons: , Walter Willett, Harvard T.H, David Katz, Al Bochi Organizations: CNN, Southern, JAMA, Harvard, of Public Health, Harvard Medical School, United Nations, True Health Initiative, Atlanta, Academy of Nutrition, Locations: Portugal, Spain, Europe, Chan, Boston, Czechia, Poland
I hope our study could settle the debate regarding whether we should limit red meat intake for health concerns or not.”Eating certain amounts of red meat has been linked with higher risk of developing type 2 diabetes. The authors studied 216,695 people who had participated in the Nurses’ Health Study, the Nurses’ Health Study II and the Health Professionals Follow-up Study, all of which recruited participants from around 1976 to 1989. Eating the most processed or unprocessed red meat was linked with a 51% and 40% higher risk of type 2 diabetes, respectively. But multiple biological factors could have affected the relationship between red meat and type 2 diabetes, the authors said. “Consistently reported, dairy, legumes and nuts are the best foods with which to replace the red meat,” she added.
Persons: , Xiao Gu, ” Gu, White, Alice Lichtenstein, Gershoff, Lichtenstein wasn’t, Lichtenstein, Gunter Kuhnle, wasn’t, , Walter C, Willett, Harvard T.H, Gu Organizations: CNN, Harvard, American, Clinical Nutrition, of Public Health, Nurses, Health, NHS, Nutrition Science, Tufts University, Nutrition Laboratory, University of Reading Locations: Chan, North America, Boston
Beyond Meat's stock fell more than 20% in morning trading Tuesday after the company reported weak sales, cut its full-year revenue forecast and walked back its goal of becoming cash-flow positive in the second half of the year. The company, which makes meat substitutes, has struggled for roughly two years as U.S. consumer interest in its products has waned. However, CEO Ethan Brown told analysts on the company's conference call Monday evening that its weak sales will likely delay its target of becoming cash-flow positive by the second half of 2023. U.S. demand for Beyond's meat alternatives appears to be declining at a faster rate, even as the company cuts its prices 8.6%, mostly through discounts. Beyond also cut its full-year revenue outlook to a range of $360 million to $380 million, compared to the $388 million Wall Street expected, according to Refinitiv.
Persons: Ethan Brown, Brown Organizations: Meat Inc, U.S, Wall Locations: Encinitas , California
Packages of Beyond Meat Inc.'s plant-based products, Beyond Burger and Beyond Sausage, are displayed at a supermarket in Katwijk, Netherlands, Nov. 19, 2020. Beyond Meat — The plant-based meat alternative added 2% Wednesday morning. Beyond Meat shares popped 4% in the previous session. SunPower — The solar power company soared nearly 6% in premarket trading after an upgrade from Raymond James, which said the stock's recent weakness is "excessive." Netflix — The streaming giant added 0.4% Wednesday morning after UBS increased its price target on Netflix to $525 per share, implying upside of nearly 20%.
Persons: SunPower, Raymond James, Nicholas Jones Organizations: Inc, Shopify, Whole Foods, Netflix, UBS, Holley Inc, Bank of America, JPMorgan Chase Locations: Katwijk, Netherlands, U.S
The Crispiest Chicken Cutlets You Can’t Mess Up
  + stars: | 2023-06-05 | by ( Margaux Laskey | ) www.nytimes.com   time to read: +2 min
For something equally lovable but a bit less hands-on, try Eric Kim’s ritzy Cheddar chicken breasts. They rely on Ritz crackers and are baked in the oven, which means no Jackson Pollock oil splatters to clean up. Speaking of vegetarians: Priya Krishna calls vegetable pulao “a weeknight staple in many Desi households” because it’s wildly flexible. Not only is it less messy, but I find it’s easier to get an even thickness when the slippery meat is neatly contained. You can do this in advance, then roll or fold up the sheets — meat included — and store in the fridge until you’re ready to bread and fry.
Persons: Eric Kim’s, Jackson Pollock, there’s David, Priya Krishna, , Natasha Pickowicz, Guy Organizations: Ritz Locations: Victorian England
read moreSpotify Technology SA (SPOT.N):Music streaming service Spotify is cutting 6% of its workforce, or roughly 600 roles. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Workday Inc (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse is planning to cut about 3,000 jobs in the second quarter, Reuters reported. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.
Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount's estimate of $3.6 billion. EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to StreetAccount. Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. However, Autodesk beat fourth-quarter expectations on the top and bottom lines, according to Refinitiv.
Beyond Meat shares surge as cost controls bear fruit
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +2 min
Feb 24 (Reuters) - Shares of Beyond Meat Inc (BYND.O) surged 13% in premarket trading on Friday as the plant-based meat maker's results indicated that its cost control measures were finally bearing fruit. At least three brokerages lifted their price targets on Beyond Meat's shares, after the company on Thursday topped expectations for quarterly sales for the first time since June 2021 and forecast annual revenue slightly above estimates. Beyond Meat's shares have slumped about 65% in the past twelve months, hammered by a string of downbeat results and forecast cuts stemming from collapsing demand for faux meat and elevated levels of freight and raw material costs. "Beyond Meat deserves credit for becoming more disciplined regarding profits and cash," J.P. Morgan analyst Ken Goldman said. Still, analysts cautioned that demand for plant-based meat remained weak, and that Beyond Meat faced a long road to profitability.
Beyond Meat Narrows Loss; Shares Jump
  + stars: | 2023-02-23 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Beyond Meat says it is making progress on improving its margins and lowering its inventory. Beyond Meat Inc. shrunk its loss in the fourth quarter and saw its stock climb as the plant-based meat maker reported a 21% decline in revenue. Revenue fell to $79.9 million in the last three months of 2022, from $100.7 million for the same period a year earlier. Analysts polled by FactSet expected $75.8 million.
Beyond Meat Narrows Loss; Shares Rise 12%
  + stars: | 2023-02-23 | by ( Sabela Ojea | ) www.wsj.com   time to read: 1 min
Beyond Meat says it is making progress on improving its margins and lowering its inventory. Beyond Meat Inc. shrunk its loss in the fourth quarter and saw its stock climb as the plant-based meat maker reported a 21% decline in revenue. Revenue fell to $79.9 million in the last three months of 2022, from $100.7 million for the same period a year earlier. Analysts polled by FactSet expected $75.8 million.
Beyond Meat on Thursday reported a narrower-than-expected loss for its fourth quarter, despite its sales sinking more than 20%. Net sales dropped 20.6% to $79.9 million. The company said demand for meat alternatives across "all channels" is still soft. Beyond's net revenue per pound fell 4.4% in the quarter. U.S. sales fell 20.9% as the company saw weaker demand in both its grocery and food service segments.
Feb 23 (Reuters) - Beyond Meat Inc (BYND.O) on Thursday forecast annual revenue slightly above estimates and doubled down on cost controls at a time when persistently high inflation was slowing demand for its faux meat products, sending its shares up over 13% after the bell. The company's net revenue fell 21% to $79.9 million in the quarter ended Dec. 31 from a year earlier, but still beat analysts expectations of $75.7 million. Net loss for Beyond Meat narrowed to $66.9 million, or $1.05 per share, in the fourth quarter. In October, Beyond Meat had said it was targeting cash flow positive operations within the second half of 2023. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
REUTERS/Lucy Nicholson/File PhotoFeb 8 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Here are some of the job cuts by major American companies announced in recent weeks. TECHNOLOGY, MEDIA AND TELECOM SECTORIBM Corp (IBM.N):The software and consulting firm said it will lay off 3,900 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.
Beyond Meat Inc. is revamping its retail sales strategy to center on five major grocers and hiring a new marketing executive as part of an effort to reinvigorate the plant-based food maker’s business. The California-based company is orienting its retail business around Kroger Co., Walmart Inc., Publix Super Markets Inc., Costco Wholesale Corp. and Whole Foods Market, according to internal company presentations and documents. Beyond is working to streamline its operations and reverse declining sales.
Beyond Meat Inc. executive Beth Moskowitz , who led the plant-based burger maker’s branding efforts, is departing the company, according to internal company communications. Ms. Moskowitz’s departure is the latest shake-up to Beyond’s executive ranks and follows a tumultuous year for the faux meat pioneer, during which the company shed several other top executives and hundreds of employees as it took steps to stabilize its troubled business.
Jan 11 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Job seekers wait before a job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021. Blue Apron Holdings Inc (APRN.N):The online meal-kit company said it will cut about 10% of its corporate workforce, as it looks to reduce costs and streamline operations. Last year, company executives had said the home goods retailer was cutting about 20% of its corporate and supply chain workforce.
Jan 10 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Cisco Systems Inc (CSCO.O):The networking and collaboration solutions company said it will undertake restructuring which could impact roughly 5% of its workforce. The effort will begin in the second quarter of the fiscal year 2023 and cost the company $600 million. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Consumer and retail companies:Beyond Meat Inc (BYND.O):The vegan meat maker said it plans to cut 200 jobs this year, with the layoffs expected to save about $39 million.
Factbox: Tech firms leading job cuts in Corporate America
  + stars: | 2023-01-04 | by ( ) www.reuters.com   time to read: +9 min
Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.
Beyond Meat Inc. was moving into its new 300,000-square-foot headquarters in the Los Angeles area last month when it laid off about one-fifth of its workforce, the second round this year. Ethan Brown , the company’s chief executive and founder, assured employees at a town hall a day later that a more focused version of his plant-based food company would thrive. He compared Beyond to Starbucks Corp. and Martin Cooper, an inventor of the cellphone, saying people thought they would fail, too.
Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, according to a report. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. read moreThe move marks a second round of jobs cuts at the company this year, and comes at a time when cryptocurrencies have been roiled by extreme volatility as investors dump risky assets. Walt Disney Co (DIS.N):The media giant is planning to freeze hiring and cut some jobs, according to a company memo seen by Reuters.
Beyond Meat Reports Weak Sales and Mounting Losses
  + stars: | 2022-11-10 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
Beyond Meat Inc. reported tumbling sales and growing losses in its most recent quarter, as executives said inflation added to challenges facing the plant-based food company. The California-based company reported a $102 million net loss for the three months ended Oct. 1, while revenue fell to $83 million, down 23% from the year-ago period.
Beyond Meat Reports Weak Sales And Mounting Losses
  + stars: | 2022-11-10 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
Beyond Meat Inc. reported tumbling sales and growing losses in its most recent quarter, as executives said inflation added to challenges facing the plant-based food company. The California-based company reported a $102 million net loss for the three months ended Oct. 1, while revenue fell to $83 million, down 23% from the year-ago period.
Alternative-meat maker Impossible Foods Inc. has hired Leslie Sims to fill the newly created post of chief marketing and creative officer ahead of a planned expansion in marketing, the company said. Ms. Sims, currently U.S. chief creative officer at Deloitte Digital, will assume her new role on Jan. 1. Founded in 2011, Impossible Foods sells products including plant-based alternatives to beef burger patties, chicken nuggets and pork. Leslie Sims will become chief marketing and creative officer at Impossible Foods in January. “We’re really going for not being the best plant-based meat—we’re going for being the best meat,” Ms. Sims said.
Nov 7 (Reuters) - Corporate America is cutting thousands of jobs to rein in costs amid tightening monetary policy and growing fears of a recession. Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, a report said. Microsoft:Microsoft Corp (MSFT.O) laid off under 1,000 employees across several divisions this week, Axios reported, citing a source. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Chime:Online banking firm Chime has laid off 12% of its employees, or about 160 jobs, a spokesperson said.
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