McDonald’s says it expects to launch a plant-based product line called “McPlant”; Beyond Meat shares drop ~6%

More details still to come as per CNBC, but this could be a big blow to Beyond Meat considering they had a lot of growth baked into their share price (which, presumably, included further expansion into fast food chains such as MCD).

https://www.cnbc.com/2020/11/09/mcdonalds-to-test-mcplant-which-includes-its-own-meat-free-burger-next-year-beyond-meat-shares-fall.html