Beyond Meat stocks soar as meatpacking plants close
Stock prices for the plant-based protein manufacturer Beyond Meat Inc. jumped 41 percent last week. As Covid-19 continues to shut down meatpacking plants across the U.S., the surge could provide relief for the company, which depends heavily on the food service industry for revenue. Last week, Beyond Meat also announced a deal with Starbucks Corp to introduce its products in China. The stock increase has been the largest weekly gain since it went public in May. The L.A. Times has more.
