meat replacements

The venture arm of the giant meat processor Tyson Foods invested in Memphis Meats, a food tech start-up that is developing cultured meat produced directly from animal cells. The Arkansas-based company declined to say how much money Tyson Ventures injected into Memphis Meats for a minority stake in the "clean meat" operation.

The chief financial officer of Impossible Foods told Bloomberg that the company's veggie burger – "it looks like a burger and even bleeds like a burger," says the news agency – is being offered to food service companies. The food service sector, which includes school and corporate cafeterias, accounts for half of U.S. consumption of ground beef.