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Stock impact report

Starbucks introducing plant-based food and drinks in China [ABC News]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: ABC News
Starbucks is introducing plant-basedfoodThe Seattle-based coffee chain on Tuesday began selling lasagna, pasta and a wrap filled with Beyond Meat grounds, which are made from pea protein. It’s the first time Beyond Meat products are being sold in China.Beyond Meat shares jumped nearly 7% in afternoon trading Tuesday.But the El Segundo, California-based company has had a mixed record at fastStarbucks is also introducing in China oat milk beverages from Oatly, a Swedish brand, and noodle bowls made with OmniPork, a pork substitute from a company based in Hong Kong.Starbucks says the new products — which are sold in recyclable containers — are part of its plan to cut its carbon emissions in half by 2030.The company is also phasing out plastic straws at its 4,100 stores in China. It has said that about 95% of the stores have reopened after being shuttered during the country's coronavirus outbreak, although many have limited hours and reduced seating. Show less Read more
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