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JBS Meat Plants Mostly Back Online Following Cyberattack

JBS says most of its meatpacking plants are back in operation after a ransomware attack took them down earlier this week. ....

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Oatly Group IPO Priced at $17 a Share, Raises $1.43 Billion

May 20, 2021 6:37 AM EDT
Celebrity-backed vegan food and oat-milk maker Oatly Group said its initial share offering was priced at $17, the high end of expectations, raising $1.43 billion in fresh capital and giving the company a valuation of roughly $10 billion.
The Swedish company backed by stars including Oprah Winfrey, Natalie Portman and Jay-Z originally set its sights on raising between $1.27 billion and $1.43 billion by selling roughly 84.4 million shares at a price of $15 to $17 a share.
Oatly s American depositary shares will begin trading on the Nasdaq stock market on Thursday under the symbol (
Founded in 1994 by brothers Rickard and Bjorn Oste, Oatly claims to be the “world’s original and largest oat milk company.” Oatly has focused on using technology based on research from Sweden’s Lund University to turn fiber-rich oats into liquid food. ....

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How to Survive the Climate Emergency

How to Survive the Climate Emergency
As natural and human-caused disasters increase, researchers are assessing the risk to essential resources all over the planet. Here are the biggest challenges we face.
Author:
Apr 22, 2021 8:00 AM EDT
As natural and human-caused disasters increase, researchers are assessing the risk to essential resources all over the planet. Here are the biggest challenges we face.
We’ve faced a lot of emergencies lately. The 2020 Atlantic hurricane season was the most active and one of the costliest on record. A February cold snap left as many as 4 million Texans without power. Record-breaking wildfires have burned millions of acres in the Western U.S. and Australia. There have been more than 137 million cases of Covid-19 globally since the pandemic began, with 2.95 million deaths. The virus virtually shut down the global economy for a time, and even with vaccines on the scene within a year, new troubles have emerged and new surges are o ....

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Oatly Reveals $60 Million Loss in IPO Filing

Original:
Apr 20, 2021
Vegan food and drink maker Oatly Group reported a $60 million loss last year as part of its filing to go public in the United States.
The Malmo, Sweden-based company, in a filing with the Securities and Exchange Commission, listed the size of the offering as $100 million, a placeholder that will change when it sets terms for the share sale.
Its existing investors will also sell shares as part of the offering, according to the filing.
Oatly reported a $60 million loss on $421 million of revenue in 2020, compared with a loss of $36 million on revenue of $204 million the previous year, according to the filing. ....

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Beyond Meat Expands Distribution in Europe, Adds 4,000 Stores

Beyond Meat Expands Distribution in Europe, Adds 4,000 Stores
Beyond Meat is expanding distribution of its products in Europe, adding nearly 4,000 stores.
Author:
Plant-based-protein company Beyond Meat (
BYND) - Get Report on Monday said it was expanding distribution across Europe and will be adding nearly 4000 stores to its network by May.
Shares of the El Segundo, Calif., company at last check rose 0.9% to $131.54.
These new and expanded retail partnerships throughout the continent serve as strong proof points that Europe’s appetite for plant-based meat and Beyond Meat products in particular is on the rise,” Chuck Muth, chief growth officer at Beyond Meat, said in a statement. ....

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