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Meat shortage concerns boost Beyond Meat’s stock

Bloomberg/Los Angeles Times 04/25/2020

The share price of Beyond Meat, a manufacturer of plant-based meat alternatives, jumped 41 percent last week as reports of meat processing plant closures raised concerns about the nation’s food supply. A potential shortage of meat in grocery stores could benefit Beyond Meat, which has been negatively affected by losses in its restaurant business as a result of the coronavirus pandemic.

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