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Beyond Meat and PepsiCo partner to create plant-based foods


Beyond Meat and PepsiCo partner to create plant-based foods
CBSNews
© Bloomberg
Beyond Meat inc. Debuts Initial Public Offering At Nasdaq MarketSite
Beyond Meat and PepsiCo are creating a joint venture to develop snacks and drinks made from plant-based proteins.
The companies didn t reveal what kinds of products they will make Tuesday, saying they re still in development.
But the collaboration sent Beyond Meat s shares to their largest single-day gain since they began trading in 2019, jumping by more than $50 each to $209.17, and dropping down to around $186 by early afternoon. 
Shares of PepsiCo. were up just 0.68% at $141 at 1 p.m. EST.
The joint venture gives Pepsi, a giant in both beverages and snack foods, access to one of the leading plant-based food companies at a time when consumers are increasingly cutting back on meat consumption and looking for healthier, more sustainable foods. Beyond Meat s burgers, sausages and chi ....

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