Business
Beyond Meat Shares Drop After Secondary Offering
Aug.01 — Beyond Meat shares dropped as inside shareholders priced a secondary offering. Abigail Doolittle reports on “Bloomberg Markets: European Close.”
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SpaceX has made history with the biggest-ever IPO, selling 555.6 million shares at $135 each, and has a market value of $1.77 trillion. Trading is set to begin on the Nasdaq Friday. Elon Musk could now become the world’s first trillionaire. Ed Ludlow has all the breaking details.
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Citadel founder and CEO Ken Griffin discusses the benefits and risks of artificial intelligence. Speaking with Bloomberg’s Dani Burger at Citadel’s annual Future of Global Markets Conference in New York, Griffin also comments on the midterm elections, the US economy and fiscal policy.
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Ygal Arounian, Wedbush Internet equity research managing director, reacts to Meta Platforms’ third-quarter earnings and boosted capital spending outlook. He speaks on “Bloomberg The Close.”
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Saudi Aramco is reported to have instructed employees to leave its Dhahran headquarters and work from home as fighting with the Houthis continues. Saudi Arabia reports intercepting drones and missiles, while oil heads for a weekly gain. Middle Eastern oil flows approach prewar levels, even as Trump raises the prospect of further action against Iran. The kingdom is also seeking overseas storage for Aramco to strengthen its ability to supply customers during disruptions.
The global technology selloff gathers pace as investors retreat from the AI trade. South Korea’s Kospi falls, the valuation gap between Chinese technology companies and their US counterparts widens, and concerns over AI, the Middle East and France draw money toward safer assets. SK Hynix drops plans for a Solidigm IPO after reassessing market conditions and the interests of existing shareholders.
Blackstone President and COO Jonathan Gray describes rapidly accelerating AI demand. Ten Cap founder Jun Bei Liu tells Horizons that the selloff offers more attractive entry prices, but expects a recovery to favor a narrower group of companies. She remains positive on equities while watching for sharper interest-rate increases, inflation pressures and disappointing earnings.
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Jihad Azour, the IMF’s Middle East and Central Asia Director, joins Horizons to discuss the October 2026 regional outlook and reduced growth projections for the Middle East, North Africa, Afghanistan and Pakistan. He says the war’s effects on oil and gas remain manageable globally and regionally, credits Oman’s neutrality with lowering its risk premium, and highlights Iraq’s exposure through its dependence on oil and Hormuz.
Emirates NBD seeks a loan of up to $1 billion from Asian lenders.
Aliko Dangote sets out more than $35 billion of African projects within a wider $50 billion investment programme. The plans include $14.3 billion to expand the Lagos refinery, $16 billion for a refinery in Lamu, $1.5 billion for a Kenyan pipeline and $3.5 billion for a South African pipeline.
Nigeria’s unreliable electricity grid is pushing households to generate their own power. Lower-priced Chinese solar panels are attracting more buyers and driving sales growth, although the upfront expense still prevents many families from making the switch. Guests includes Jun Bei Liu, Ten Cap Founder and Jihad Azour, IMF Middle East & Central Asia Department Director.
Chapters:
00:00:00 – Introduction
00:04:36 – Global Tech Selloff Deepens
00:08:05 – Jun Bei Liu, Ten Cap Founder
00:18:39 – Greg Brockman, OpenAI Foundation Co-Founder & President
00:27:12 – Jihad Azour, IMF Middle East & Central Asia Department Director
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History is littered with ideas that have been tossed aside, only for them to gain relevance at some later date.
On this episode of the Odd Lots podcast, legendary musician David Byrne joins Joe Weisenthal and Tracy Alloway to discuss “the Minsky Moment” and his own experience of having his music rediscovered by a new generation.
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@my-financial-wealthblog4423
January 7, 2024 at 8:45 am
Beyond Meat is fast growing company. Company’s product portfolio includes wide variety of plant based meat alternatives (beef, pork, poultry). Company’s products appeal to broad range if customers (carnivorous, vegetarian, vegan, etc). Plant based food developed by food scientists to replicate meat fibers and nutritional composition.
https://my-financial-wealth.com/2019/05/28/meatless-meat-burgers-by-beyond-meat-inc/
@1111awake
January 7, 2024 at 8:45 am
I don't know what you do for a living but I have invested in learning how the current system works full time since 2001. You can throw up all the government and corporate studies you want to try to convince me that large-scale industrial agriculture is the answer, when the evidence through testing for organic life in soil, the fungeability of it, the depth of topsoil all point to methods that continue to deplete the very skin of the earth that sustains all forms of animal life through the soil food web. Until those data points are discussed and valued by corporations as part of a long-term strategy that spans generations instead of the next quarterly report, well, you might get rich off Beyond Meat but you'll have to find another planet to live on that already microorganisms in their soil as well as all the other conditions for life, because those assets are in very short supply at any price.
@1111awake
January 7, 2024 at 8:45 am
@Tom Servo Check out the Savory Institute, Richard Perkins, Mark Shepard, Joel Salatin and their ilk if you want to see some inspiration of what is possible if family farms change their methods to mimic what these new prophets of sustainable agriculture are doing. This is not the right platform to debate it. No one in my community thinks Industrial-scale Beyond Meat is the answer for anyone but Wall Street.
@Movie_Games
January 7, 2024 at 8:45 am
BeyondMeat is more expensive than regular meat. There's no reason to buy it over regular hamburgers. They need to fix their prices.
@Keys879
January 7, 2024 at 8:45 am
This is the meat industry trying to scare off the competition. Granted, this was in another country, but I was in Canada in Quebec and at their mall there are a ton of shops that offer the Beyond Meat. All of the vendors remarked that it was pretty popular and I had it 3 different ways; spanish tacos, A&W burger, and some place that put it in lasagna. All of them were good.
@scottodonahoe9505
January 7, 2024 at 8:45 am
I cut up a a nice 350 lb range Hereford yesterday and it will feed my family for almost a year . Plants is what we feed the animals !
@christivson5266
January 7, 2024 at 8:45 am
Fuck your fake ass vegan BULLSHIT. I'll stick to farting cow's.
@MrNihilist74
January 7, 2024 at 8:45 am
Nobody wanted seconds on the fake meat.
@bhud1972
January 7, 2024 at 8:45 am
Wasn’t an investor in this name, but have a strong bid for Abagail.
@Ritapita73
January 7, 2024 at 8:45 am
If you're looking for a burger alternative, because you can't/dont consume meat, please try Impossible Burger. They're 1000% better.
@accountclosed8569
January 7, 2024 at 8:45 am
BLOOMBERG is FAKE NEWS
@Ritapita73
January 7, 2024 at 8:45 am
Impossible Burger has a far superior product. I don't see Beyond Meat surviving the non-meat future without a lot of research and development.
@tomservo5007
January 7, 2024 at 8:45 am
this product is clearly not for vegetarians. They don't like the taste of meat. I know I don't.
@shiloniousmonk
January 7, 2024 at 8:45 am
Poison
@xxxhoodooxxx
January 7, 2024 at 8:45 am
Perhaps "Beyond Meat," is a horrible name that sounds like a questionable food product. What is in Spam by the way?
@BigEightiesNewWave
January 7, 2024 at 8:45 am
get 3.5 lbs. protein powder from WALMART $16.00
@BigEightiesNewWave
January 7, 2024 at 8:45 am
why do they show pictures of hamburgers if they hate meat ?
@BigEightiesNewWave
January 7, 2024 at 8:45 am
iT'S not MEAT AND TASTES LIKE FECES imo.
@zEropoint68
January 7, 2024 at 8:45 am
they're "getting out" because there's no money in not constantly trying to destroy the planet and kill everyone on it. they're like "whoops. this idea is too good and is too beneficial to everyone. better kill it. remember our company mission statement: human suffering is profit!"
@rabblerouser8195
January 7, 2024 at 8:45 am
meanwhile impossible is in every bk
@strykenine7902
January 7, 2024 at 8:45 am
Good thing I've sold my steak in this company. I feel bad for the people who are left holding – they may take it on the rump.
@davidleerendon9135
January 7, 2024 at 8:45 am
DO YOU WANT A FUNERAL PLOT? DO YOU WANT A CREMATION?.HOW ABOUT SELLING TO BEYOND MEAT..WE TAKE SMOKERS AND ALCOHOLICS AND DRUG ADDICTS..
@JebidiahMahaney
January 7, 2024 at 8:45 am
I wouldn't eat this junk if you paid me