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Search resuls for: "Jesse Newman"


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☆ Beyond Meat’s Chief Brand Officer Beth Moskowitz Leaves Company
  + stars: | 2023-01-12 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
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.
☆ Baby-Formula Imports to Face Tariffs Again in 2023
  + stars: | 2022-12-28 | by ( Liz Essley Whyte | Kristina Peterson | Jesse Newman | ) www.wsj.com   time to read: 1 min
Imported baby formula will be subject to tariffs again in the new year, after the expiration of exemptions implemented amid a nationwide shortage. Congress waived tariffs, which can be as high as 17.5%, to help families struggling to find formula after supply-chain problems and the closure of a crucial factory crimped supplies. A White House spokesman said the tariff waivers doubled the number of manufacturers selling baby formula in the U.S. Congress made the tariff waivers temporary as part of a deal to pass the measures quickly, said people familiar with the matter.
☆ High Commodity Prices Feed a Boom in the U.S. Farm Belt
  + stars: | 2022-12-21 | by ( Jesse Newman | Jacob Bunge | ) www.wsj.com   time to read: 1 min
The U.S. Department of Agriculture expects farmers’ earnings to jump 14%, or nearly $20 billion, from 2021. High prices for crops and livestock are fueling a boom in the U.S. Farm Belt, making farmers, ranchers and agricultural companies rare winners as the broader American economy softens. U.S. net farm income is expected to surge to $160.5 billion this year, boosted by increased prices for farm goods ranging from wheat to milk, according to a key U.S. Department of Agriculture forecast in December. If realized, farm income would reach the highest level since 1973 in inflation-adjusted dollars, marking a sharp recovery from an agricultural recession that battered farmers and their suppliers during the past decade.
☆ FDA Needs Leadership Role for Food-Safety Mission, Report Says
  + stars: | 2022-12-06 | by ( Kristina Peterson | Jesse Newman | ) www.wsj.com   time to read: 1 min
WASHINGTON—The Food and Drug Administration needs to overhaul its structure so that a single person is clearly in charge of its food programs, an independent panel said in a report released Tuesday. The report from the Reagan-Udall Foundation for the FDA, a nonprofit created by Congress and funded largely by the FDA, also recommended that the agency boost the visibility of its food programs and create a new center focused on nutrition to elevate its role.
☆ Beyond Meat’s Very Real Problems: Slumping Sausages, Mounting Losses
  + stars: | 2022-11-21 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
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.
☆ 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.
☆ Families Still Struggle to Find Baby Formula Nearly One Year After Shortages Began
  + stars: | 2022-10-17 | by ( Jesse Newman | Kristina Peterson | ) www.wsj.com   time to read: 1 min
Many U.S. households are still struggling to find baby formula, almost a year since supplies thinned on store shelves and eight months after a nationwide recall. Adults in roughly one-third of households with infant children who typically use formula had trouble obtaining it last month, according to a recent survey by the U.S. Census Bureau. Nearly one in five of affected households has less than a week of formula on hand, the survey showed.
☆ Beyond Meat’s Chief Supply Chain Officer to Leave Company
  + stars: | 2022-09-24 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
The executives were tasked with working to achieve cost savings as Beyond seeks to make some of its products match the price of traditional meat. Beyond Meat chief supply chain officer is stepping down at the end of the month, the company said, days after the plant-based meat company suspended a separate senior executive. Bernie Adcock notified Beyond on Tuesday that he would leave his position at the end of the month to “pursue another opportunity,” according to a Securities and Exchange Commission filing Friday.
☆ The Trouble With Butter: Tight Dairy Supplies Send Prices Surging Ahead of Baking Season
  + stars: | 2022-09-22 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
All the world’s inflation woes are melting into a stick of butter. Lower milk production on U.S. dairy farms and labor shortages for processing plants have weighed on butter output for months, leaving the amount of butter in U.S. cold storage facilities at the end of July the lowest since 2017, according to the Agriculture Department.
☆ Beyond Meat Executive Arrested After Allegedly Biting Man’s Nose in Fight
  + stars: | 2022-09-20 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
Beyond Meat had no immediate comment on the arrest of its chief operating officer over the weekend. Beyond Meat chief operating officer was arrested in Arkansas over the weekend, after a physical altercation in which he allegedly bit a person’s nose and threatened to kill him. Doug Ramsey , 53, of Fayetteville, Ark., was arrested Saturday night and charged with terroristic threatening and third-degree battery, records from Arkansas’s Washington County show. He was released the following morning on $11,085 bond, the records showed.
☆ Beyond Meat Executive Arrested After Allegedly Biting Person’s Nose in Fight
  + stars: | 2022-09-20 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
Beyond Meat had no immediate comment on the arrest of its chief operating officer over the weekend. Beyond Meat chief operating officer was arrested in Arkansas over the weekend, after a physical altercation in which he allegedly bit a person’s nose and threatened to kill him. Doug Ramsey , 53, of Fayetteville, Ark., was arrested Saturday night and charged with terroristic threatening and third-degree battery, records from Arkansas’s Washington County show. He was released the following morning on $11,085 bond, the records showed.
☆ FDA Baby Formula Oversight Is Criticized in Internal Review
  + stars: | 2022-09-20 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
An internal Food and Drug Administration review found that numerous shortcomings hampered the agency’s response to problems with the U.S. infant formula supply this year. A 10-page report released Tuesday said that a “confluence of systemic vulnerabilities” helped explain the events surrounding a recall of formula produced by Abbott Laboratories , which exacerbated an existing supply shortage.
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