Florida Says No to Lab-Grown Meat: 3 Stocks That Could Take a Hit

InvestorPlace05-19

Lab-grown meat bans in Florida and Alabama could be just the beginning of the risks facing these 3 lab-grown meat stocks: Tyson Foods (TNS): Already mired in factory farming controversy, Tyson Foods’ ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2436161385?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-19 20:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2436161385","market":"us","top_or_hot":-1,"title":"Florida Says No to Lab-Grown Meat: 3 Stocks That Could Take a Hit","media":"InvestorPlace","content":"<div>\n<p>Lab-grown meat bans in Florida and Alabama could be just the beginning of the risks facing these 3 lab-grown meat stocks:\nTyson Foods (TNS): Already mired in factory farming controversy, Tyson Foods’ ...</p>\n\n<a href=\"https://investorplace.com/2024/05/florida-says-no-to-lab-grown-meat-3-stocks-that-could-take-a-hit/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Florida Says No to Lab-Grown Meat: 3 Stocks That Could Take a Hit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlorida Says No to Lab-Grown Meat: 3 Stocks That Could Take a Hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-19 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/05/florida-says-no-to-lab-grown-meat-3-stocks-that-could-take-a-hit/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lab-grown meat bans in Florida and Alabama could be just the beginning of the risks facing these 3 lab-grown meat stocks:\nTyson Foods (TNS): Already mired in factory farming controversy, Tyson Foods’ ...</p>\n\n<a href=\"https://investorplace.com/2024/05/florida-says-no-to-lab-grown-meat-3-stocks-that-could-take-a-hit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JBSAY","symbol_name":"JBS S.A.","start_time":0,"source_url":"https://investorplace.com/2024/05/florida-says-no-to-lab-grown-meat-3-stocks-that-could-take-a-hit/","article_id":"2436161385","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436161385","pubTimestamp":1716120000,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Lab-grown meat has hit some regulatory roadblocks in a couple of states, and these 3 stocks could be at risk.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JBSAY":"JBS S.A.","BK4504":"桥水持仓","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","TSN":"泰森食品","BK4212":"包装食品与肉类","CULTF":"Cult Food Science Corp.","BK4585":"ETF&股票定投概念"},"translate_title":"佛罗里达对实验室培育的肉类说不：3只股票可能遭受打击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CULTF":1,"JBSAY":1,"TSN":1},"content_text":"Lab-grown meat bans in Florida and Alabama could be just the beginning of the risks facing these 3 lab-grown meat stocks:\nTyson Foods (TNS): Already mired in factory farming controversy, Tyson Foods’ investments in lab-grown meat may come under more scrutiny.\nCult Food Science (CULTF): This venture capital fund has many lab-grown meat investments in the U.S., which could leave it susceptible to regulatory risks.\nJBS (JBSAY): The Brazilian meat-packaging giant has invested heavily in the construction of lab-grown meat facilities in Brazil and Spain, but expanding into the U.S. could be a tall order.\n \n\n\n\n \n\nSource: Maksim Shmeljov / Shutterstock.com\n\n\n\nLab-grown meat has been a growing part of social and political debate for several years now. Given the ethical concerns around factory farming and the reservations some people have toward eating meat, there has been a proliferation of start-ups researching and developing lab-grown meat products.\nHowever, not everyone has been enthusiastic about this trend. Despite lab-grown meat not even hitting the shelves of grocery stores yet, vocal opponents have already emerged. In the state of Florida, Governor Ron Desantis signed a bill into effectively banning the sale and manufacturing of lab-grown meats. Shortly after, Alabama Governor Kay Ivey signed into law a bill that would make selling lab-grown meat a “misdemeanor.”\nBelow are 3 stocks that could potentially be at risk of these newly enacted laws as well as future bans by other states. \nTyson Foods (TSN)\nSource: rblfmr / Shutterstock.comTyson Foods (NYSE:TSN) is a large and well-known food corporation in the United States. The company processes all kinds of meats, including beef, pork and chicken, which has allowed Tyson Foods to generate billions of dollars of revenue. Despite being a prolific food brand, Tyson has come in and out of scrutiny over the past years. The food giant’s connection to unethical factory farming practices is just one of the controversies. Lab-grown meat seems like it could be the next.\nEarly in 2024, Tyson Foods announced that its venture capital arm, Tyson Ventures, made an investment in a food startup by the name of Memphis Meats. The food tech venture develops “cultured meat” directly from animal cells. While this technology is still in the early stages of development, the backlash lab-grown meat is already receiving probably does not bode well for the success of this kind of investment.\nCult Food Science (CULTF)\nThe next entry is a tad unconventional. Cult Food Science (OTCMKTS:CULTF) happens to be a Canada-based venture capital firm that specifically focuses on food tech investments. The venture firm has invested in a number lab-grown meat startups. These investments include Novel Farms and Biftek. The former is based in San Francisco, California and develops technology to recreate the taste and texture of cultured meats. The latter startup is headquartered in Newark, Delaware and produces a microorganism-based growth medium supplement to create muscle stem cells for lab-grown meats.\nOf course, Cult Food Science is quite diversified geographically in terms of its venture investments. However, certain food startups that Cult Food Science has funded could suffer from regulatory risks in the states in which they operate or eventually sell products, which ultimately puts CULTF at risk.\nJBS (JBSAY)\nSource: barmalini/Shutterstock.comJBS (OTCMKTS:JBSAY) is a Brazilian processor of meats. In particular, the firm deals in beef, pork, chicken, fish and lamb markets and develops plant-based food products. Last year, the meatpacking firm announced it would create a research center, the largest of its kind, for lab-grown meats. Construction on the $62 million research facility has already begun. Moreover, JBS has invested heavily in a cultivated beef plant in Spain, effectively expanding its reach in the novel market.\nJBS will likely benefit from having invested in plant-based meats in different geographies. While there is no direct exposure to Florida and Alabama, the likelihood of more lab-grown meat bans popping up in the states is not insignificant. Put more concretely, if JBS desires to expand and create lab-grown meat facilities in the United States, it could brush up against regulatory risks.\nOn the date of publication, Tyrik Torres did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nTyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/05/florida-says-no-to-lab-grown-meat-3-stocks-that-could-take-a-hit/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436161385"}