Tyson Foods gets into meatless businessPosted: Updated:
Here’s the latest business headlines from Cheddar.
Tyson Foods is getting into the meatless business. The world’s second-largest processor of chicken, beef, and pork says it plans to launch plant-based meat substitutes over the summer. Tyson was once an investor in Beyond Meat, but sold its shares, saying it wanted to develop its own vegetarian products. This comes as more Americans are cutting back on their meat intake, and vegetarian substitutes are becoming more popular. Beyond Meat made the strongest market debut of the year last week, surging 163%.
Microsoft's Build developer conference is underway, and one major theme emerging is autonomous robots. The company announced a new platform to help developers build the robots. The new toolkit will incorporate AI startup 'Bonsai', which Microsoft recently purchased. When announcing the acquisition last summer, the company said it was a move to build brains for autonomous systems. In preparation for the launch of the new platform, Microsoft worked with Toyota to build an intelligent forklift.
P.F. Chang’s is recalling two million pounds of frozen food. The USDA says the frozen entrees are recalled due to misbranding and an undeclared allergen. The meals in question are the Home Menu Chicken Pad Thai and Chicken Fried Rice.