Beyond Meat tanks after Tyson launches its own line of plant-based meat alternatives

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Beyond Meat tanks after Tyson launches its own line of plant-based meat alternatives
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Shares of Beyond Meat fell early Thursday after Tyson Foods announced its own line of plant-based protein products.

Beyond Meat shares fell early Thursday after Tyson Foods announced its own line of plant-based protein products. Tyson's announcement comes just over a week after Nestle entered the plant-based meat market. Nestle plans to roll out a veggie burger in the US this fall. Tyson will also launch blended products that contain both meat and plants. Watch Beyond Meat trade live. Competition is ramping up in plant-based protein.

Beyond Meat shares fell early Thursday after Tyson Foods announced its own line of plant-based protein products. Tyson's announcement comes just over a week after Nestle entered the plant-based meat market. Nestle plans to roll out a veggie burger in the US this fall. Tyson will also launch blended products that contain both meat and plants. Watch Beyond Meat trade live. Competition is ramping up in plant-based protein.

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