(Bloomberg) — Faux burger maker Beyond Meat Inc. extended stock-market gains on Tuesday following a report that its main competitor, Impossible Foods Inc., is no longer seeking a deal to be a supplier for fast-food giant McDonald’s Inc.Impossible Foods Chief Executive Officer Pat Brown said his company wouldn’t be able to produce enough supply for such a big partnership, Reuters reported. Contacted by Bloomberg, Impossible Foods said its CEO’s comments were misinterpreted.Beyond Meat stock rose 12% to $83.89 at Tuesday’s close. That’s the most on a closing basis in almost seven months. The shares fell in late trading, however. “Our …read more
Source:: Yahoo Finance
