(NEW YORK) — The WNBA is nearly doubling its national TV exposure with a multiyear deal with CBS Sports.

CBS Sports Network will broadcast 40 WNBA games beginning next month when the season opens. The Minnesota Lynx vs. the Chicago Sky on May 25 will be the first game on the CBS Sports Network.

“Through our partnership with CBS Sports Network, the WNBA is joining an elite lineup of premium sports programming,” said NBA Commissioner Adam Silver. “We thank CBS Sports for making such a meaningful commitment to women’s basketball and for providing another platform to showcase the world-class athletes of the WNBA.”

The league, which will begin its 23rd season on May 24, also has a deal with ESPN to show 16 regular-season telecasts, including three on ABC. Last year, the WNBA had a strong regular season with combined average viewership across ESPN2 and NBA TV up 31% over 2018.

All-Star Sue Bird and the defending WNBA Champion Seattle Storm will make six appearances on CBS Sports Network this season. That includes a WNBA Finals rematch against former league MVP Elena Delle Donne and the Washington Mystics on June 14.

The TV channel will use local broadcast feeds for now, similar to what NBA TV does for WNBA games. NBA TV showed 49 games last year. The upcoming NBA TV schedule of WNBA games has not been finalized yet.

“We are truly excited to partner with the WNBA, bringing the country’s premier women’s sports league to CBS Sports Network. This partnership is one of the biggest and most impactful women’s sports programming arrangements ever at CBS Sports, offering national exposure of 40 games per year,” said CBS Sports chairman Sean McManus. “This agreement provides great live content throughout the summer in prime time and on weekends, and aligns two great brands in the WNBA and CBS Sports. We look forward to working with the WNBA for many years to come.”

CBS executive vice president of programming Dan Weinberg said the WNBA was exactly what CBS was looking for to bolster its schedule.

“We are looking to partner with established brands that are growing with dedicated fan bases,” he said in a phone interview. “The WNBA checks every one of those boxes. (Playing in the) spring-summer lends itself to our programming schedule. We are clearly and obviously talking about the best basketball players in the world at the highest level. Associating ourselves with WNBA, it’s a great powerful established brand with popularity across the country.”

The sides are still discussing expanding the coverage to include features and other WNBA programming.

“It’s going to be beyond highlights,” said David Denenberg, who is the Senior Vice President, Global Media Distribution and Business Affairs for NBA Entertainment. “Whether it’s features we develop or CBS develops, we want to do more.”

It’s unclear how the WNBA will decide which games will air on ESPN or CBS Sports Network going forward after this year. The league didn’t seem too concerned.

“Suffice it to say we have enough games we think we’ll put together a robust schedule for everyone,” Denenberg said. “We’ll announce the CBS schedule, ESPN schedule. I think we’re going to well serve all our partners.”

Along the Gulf shores of Texas and Louisiana there is a complex of deep, underground caverns. Inside each of these enormous caves – each of which is large enough to easily fit Chicago’s Willis Tower inside — the U.S. government keeps hundreds of millions of barrels of petroleum to safeguard the country against natural-disaster-induced and political-conflict-related supply disruptions.

Many countries have similar strategic reserves, but on the other side of the world, China maintains a different kind of stockpile: icy warehouses around the country are filled with frozen pork. The commodity is of such importance in China — which consumes more pork per capita than any other country after Vietnam — that the government set up a national reserve to protect the country from shortages and price volatility.

But the country’s pork industry is being devastated by a deadly, highly-contagious virus. Since officials began reporting cases last August, African Swine Fever (commonly known by its abbreviation ASF), has swept across the country. Outbreaks have hit every province and all five autonomous regions (like Tibet and Mongolia), and experts believe there are far more cases than the 129 outbreaks officially reported.

“There are many reports of cover-ups in China,” Brett Stuart, co-founder of analysis firm Global AgriTrends told TIME. He said a farm manager was reportedly jailed after reporting a case in Shandong province, suggesting authorities could be trying to obscure the reach of the problem.

Read More: Denmark Is Building a Border Wall to Keep Boars Away Amid Swine Fever Fears

The latest cases in China’s southern Hainan island — a waterway and more than 2,000 miles from the northeastern province of Liaoning where ASF was first reported — show how quickly the virus can spread. ASF, for which there is no cure or vaccine, can be passed between sick animals, or from objects like a farmer’s clothing and boots.

Consumption of infected meat — the resilient disease can live for months in pork products like sausage — is a major contributor to its spread in China, where many small famers feed their pigs household garbage, although the government has now placed restrictions on swill feeding. ASF is not known to be harmful to humans.

Experts say that the disease has moved more rapidly in Asia than in other regions where outbreaks have been found, like Europe.

“I have been very surprised about how fast ASF has spread in China,” Dr. Linda Dixon, an ASF researcher at the Pirbright Institute, a research institute dedicated to studying infectious disease in farm animals, told TIME.

Widespread culls have been enacted to fight the spread of ASF. Data released by China’s National Bureau of Statistics show that pig numbers decreased to 375.3 million, a drop of 40 million, at the end of March from one year earlier, according to the Wall Street Journal. China’s Ministry of Agriculture and Rural Affairs believes the situation is worse, estimating that pigs have decreased 19% year-on-year, says the Journal.

“The impact on China’s pork industry has been catastrophic. Farms are empty across China. Farmers have been directed to wait up to [six] months before restocking,” says Stuart, of Global AgriTrends.

The decline in China’s pig stocks could seriously impact meat production at a time at a time when trade tensions are high. Chenjun Pan, Senior Analyst at Rabobank, told TIME that production could fall as much as 25-35% in 2019, and some experts believe China will be reliant on U.S. pork to keep its population fed.

China has imposed retaliatory tariffs of 50% on U.S. pork imports, which brings the total tariff level to 62% when factoring in the normal 12% rate applied to U.S. pork brought into the country. The USDA estimates that China will be the biggest source of demand for U.S. pork in 2019, and they expect China’s imports to rise 41% for the year.

“China’s need for pork will make it hard to ignore the U.S. It is logistically and physically impossible to find enough pork to fill China’s impeding pork gap,” says Stuart, of Global AgriTrends.

Read More: It’s Not Just China’s Retaliatory Tariffs That Should Worry U.S. Business

And the disease appears to be spreading. Vietnam reported its first outbreak in February, and Cambodia confirmed the virus’ arrival in March. In the last few weeks, more cases have been reported near Cambodia’s border with Vietnam.

Customs authorities worldwide are on alert. Tourists arriving in Taiwan were fined for bringing pork products into the country, and ASF was discovered in sausage confiscated at a Japanese airport. In March, U.S. customs officials seized a million pounds of Chinese pork on swine fever concerns.

According to Dixon, of the Pirbright Institute, it seems “likely” that ASF will spread further across Southeast Asia due to large pig populations living in small farms. Laos has already put a hold on the import of pigs and pork products from China. In early April, Thailand approved funding to prepare the country for a potential outbreak.

“Thailand is probably next,” warns Stuart.

Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them.

Now, as Americans finish filing to the IRS for the first time under the new system, the law has swelled the deficit and surveys show just one-fifth of taxpayers believe their taxes have gone down. That’s made it hard for President Donald Trump to leverage the tax cuts as an issue in 2020, when he’s up for reelection and his party will be seeking to retake the House of Representatives.

“The Democrats really outmaneuvered the Republicans by convincing the American people that the main thrust of the tax reform package was to cut taxes for the wealthy,” said Dan Eberhart, a major Republican donor who runs the drilling services company Canary, LLC. Republicans “failed to fully explain the success to voters.”

Trump is going to try again on Monday when he goes to Minnesota, a potential swing state in the 2020 election, to promote what Republicans consider their signature legislative achievement. It’s part of a week of events designed to promote the tax law’s effects on the economy as he turns to his next campaign.

The Trump administration and congressional Republicans sold the tax law as fuel for economic growth and deficit reduction. Senate Majority Leader Mitch McConnell gave assurances in December 2017 that the measure would not only contain the deficit but be a “revenue-producer.” Trump’s top economic adviser, Larry Kudlow, said last week that the tax cut package had largely already paid for itself, a statement that conflicts with government data.

The U.S. budget shortfall grew by 17 percent to $779 billion in fiscal year 2018, which the Congressional Budget Office has said was partly a consequence of the tax law. Along with additional spending that’s been signed into law, the CBO projects the deficit will surpass $1 trillion by 2020.

When the law passed, McConnell said, “If we can’t sell this to the American people, we ought to go into another line of work.” He added that the GOP merely needed to tell the public “that you have more money in your pocket.”

Perceptions

But an NBC/Wall Street Journal poll this month showed that just 17 percent of Americans believe their taxes have been cut. A Reuters/Ipsos poll in March found that 21 percent thought their taxes were lowered.

That’s despite an analysis by the nonpartisan Tax Policy Center that two out of three taxpayers would see their taxes go down. The biggest benefits, though, go to the top 1 percent, who are projected to receive an average tax break of $62,000 in 2018, while the middle one-fifth of income earners got an average tax cut of $1,090 — about $20 per biweekly paycheck.

The law appears to have met a similar political fate as President Barack Obama’s stimulus package in 2009, in which most Americans received a one-year tax break but the incremental gains in paychecks were so small that most didn’t notice.

Eberhart said the Trump administration wanted “an immediate reaction” so it reduced the amount the IRS withholds from regular paychecks starting in 2018.

‘Too Small’

The move backfired. “It was too small an amount for most to notice,” he said. Adding to voters’ frustration, their tax refunds were smaller than expected, down about 1.1 percent overall, but still noticeable to individual households.

White House economic adviser Kevin Hassett on Friday dismissed poor poll results, saying that they might be explained by general frustration with the tax system broadly. He cited other data, such as the Michigan survey of consumer sentiment, that “suggest that you should have a very optimistic outlook for economic growth this year.”

The tax law, passed by Republicans without any Democratic support, lowered the corporate rate from 35 percent to 21 percent and cut individual taxes across income brackets for eight years. It doubled the standard deduction and enhanced the child tax credit. And it closed or tightened various tax breaks — most notably by capping the amount of state and local taxes that can be deducted — which had its biggest impact on residents of high-tax, largely Democratic-run states.

2018 Campaign

Democrats spent their 2018 midterm campaigns hammering the law as a giveaway to wealthy Americans that would widen the deficit and put popular programs like Social Security and Medicare on shaky ground.

According to exit polls for House races published on Election Day 2018 by CNN, 29 percent said the new tax law helped their finances; that group overwhelmingly supported Republican candidates. But 45 percent said the law had no impact and 22 percent said it hurt their finances, and those categories overwhelmingly backed Democratic candidates.

Ryan Ellis, a conservative tax lobbyist, blamed negative news coverage for the unpopularity of the tax law. “People don’t know about their own taxes,” he said, adding that they “get half baked ideas” from the way the law is portrayed.

Republicans didn’t understand what the broader public wanted from a tax bill, said Morris Pearl, a former managing director at BlackRock Inc., who now chairs Patriotic Millionaires, a group of wealthy individuals who advocate for higher taxes on the rich.

“They forgot that the people who show up at their $1,000-a-plate fundraisers are not representative of all people,” Pearl said. “They overreached with their tax bill and tilted the system in the favor of the very wealthy and large corporations.”

Hard Sell

The tax effort stemmed from the bipartisan desire to move the U.S. corporate tax system in line with those of foreign competitors. Both parties supported lowering the country’s 35 percent corporate rate, though Democrats favored a more modest reduction.

Republicans realized that corporate tax cuts were a hard sell to the general public. So they reduced levies for pass-through businesses — partnerships and limited liability companies — and individuals, eliminated some existing tax breaks to offset the rate reductions and included a more generous child tax credit.

But because of earlier unpopular proposals like one to cut deductions for medical expenses, college tuition and child-adoption costs, public opinion had already soured — for good.

In many Democratic strongholds, such as New Jersey, New York and the District of Columbia, the average refund amount decreased, according to H&R Block, fueling discontent with the law, even though residents in those states got a tax cut on average.

Worse, the state and local tax, or SALT, cap really stung. Residents of high-tax states, encouraged by the elected Democratic officials, came to believe they were targeted to pay for the $1.5 trillion tax cut, even if they weren’t able to personally use the deduction.

“It is clear that they consciously exacted revenge on Democratic states like New York, California, New Jersey, Massachusetts, and Illinois by capping the SALT deduction, which is bad news for residents in those states,” said Representative Tom Suozzi, a New York Democrat.

FRANKFURT, Germany (AP) — German prosecutors charged former Volkswagen CEO Martin Winterkorn and four others with fraud in the emissions cheating scandal that has helped turn many Europeans against diesel engines and accelerated the push toward electric cars.Prosecutors said Monday that Winterkorn knew about the scheme since at least May 2014 and failed to put a stop to it.That contradicted his claim that he didn’t learn about it until shortly before U.S. investigators announced it in September 2015. Winterkorn resigned as CEO five days later.

VW has admitted installing software in its diesel cars that turned on pollution controls when vehicles were being tested and switched them off during everyday driving. That made it look as if the cars met tough U.S. limits on harmful pollutants known as nitrogen oxides.

In all, some 11 million cars worldwide were equipped with the illegal software.

Prosecutors said the defendants — all top Volkswagen managers — were part of a deception that started in 2006.

The 71-year-old Winterkorn and the others, whose names were not released, face six months to 10 years in prison if convicted of aggravated fraud involving serious losses. Other charges include unfair competition and breach of trust.

Prosecutors said the defendants could also be forced to forfeit sales bonuses ranging from around 300,000 euros to 11 million euros ($340,000 to $12.45 million).

Winterkorn is already under indictment in the U.S. on charges of fraud and conspiracy to violate the Clean Air Act and could get up to 20 years in prison. But he cannot be extradited from Germany to the U.S.

Winterkorn’s attorney, Felix Doerr, said that the defense could not comment on the German case because prosecutors had not provided adequate opportunity to review the case files. Doerr said prosecutors turned over seven DVDs with hundreds of file folders of material on April 5.

The case, consisting of a 692-page indictment backed by 300 file volumes holding 75,000 pages, was filed in a local court in Braunschweig on Friday. The court will decide if the case will proceed to trial.

Prosecutors said among other things that the defendants carried out a software update costing 23 million euros in 2014 to try to cover up the true reason for the elevated pollution during driving.

The prosecutors said they are still investigating 36 more suspects.

Volkswagen’s corporate involvement in the Braunschweig investigation ended last year with a 1 billion euro fine. Volkswagen noted that the indictment was against individuals and had no further comment.

The prosecutors’ move is only one of the legal proceedings unleashed by the scandal.

Volkswagen has paid more than 27 billion euros (currently $31 billion) in fines and civil settlements with authorities and car owners since getting caught.

The automaker apologized and pleaded guilty to criminal charges in the United States, where two executives were sentenced to prison and six others charged, although they could not be extradited.

And the U.S. Securities and Exchange Commission charged the company and Winterkorn on March 15 with defrauding investors through misleading statements about vehicle quality and environmental compliance.

Investors in Germany are also seeking damages.

The scandal unleashed widespread scrutiny of diesel emissions across the industry. It soon turned out that many models from other companies also emitted far more pollution on the road than on the test stand, because of regulatory loopholes exploited by carmakers such as turning exhaust controls off at certain temperatures to reduce engine wear.

Diesel sales, once half the European car market, have sagged.

That in turn has undermined carmakers’ plans to use diesels — which get better mileage — to help meet tougher European Union limits in 2021 on emissions of carbon dioxide, the main greenhouse gas blamed for global warming.

One result has been greater pressure to develop battery-powered cars to avoid heavy fines for breaching the new emissions limits. Volkswagen plans to spend 30 billion euros to develop electric vehicles by 2023.

The company was able to weather the scandal well enough to take the top spot as the world’s largest carmaker from Toyota. Last year, under CEO Herbert Diess, Volkswagen had record sales of 10.83 million vehicles, making an operating profit of 13.9 billion euros.

SAN FRANCISCO — Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company’s worst quarters in the past two years.

The net loss was more than double what analysts had predicted as Tesla’s sales slumped 31% for the quarter. The loss of $4.10 per share left Musk spending much of a conference call explaining how it happened. But he also extolled his forecast that demand and profit margins will increase as Tesla rolls out updated products and pricing for its three models, and sells more battery storage units.

Demand for Tesla’s Models S, X and 3 is returning to normal in the second quarter after the company delivered only 63,000 vehicles from January through March, Musk said.

“My impression right now is that demand is quite solid, quite strong,” he said Wednesday.

He predicted another loss in the second quarter but said Tesla would be back in the black in the third quarter. The first quarter loss came after two consecutive profitable quarters, the first time that’s happened in Tesla’s 15-year history.

The company said that due to “unforeseen challenges” it was only able to deliver half of the vehicles ordered in the quarter by March 31 as it ramped up deliveries in Europe and China. That pushed a large number of deliveries, and revenue, into the current quarter, it said.

Tesla’s cash balance at the end of the quarter shrunk by $1.5 billion since December, to $2.2 billion. The company attributed the decline to a $920 million bond payment, and Musk said it might be time for Tesla to raise capital again.

Excluding one-time items and stock-based compensation, the company lost $2.90 per share, worse than Wall Street estimates. Analysts polled by FactSet expected a loss of $1.15 per share. Revenue rose almost 40% over a year ago to $3.5 billion. But it still fell short of analyst estimates of $5.42 billion.

Despite the less-than-stellar numbers, Tesla’s stock was little changed in extended trading Wednesday following the earnings report.

The company said one-time items cost it $188 million during the quarter, including a loss for predicted increases in return rates for cars that had been sold under Tesla’s used car price and buy back guarantee programs. Tesla has guaranteed the value of the cars after certain time periods and will buy them back for a guaranteed price.

The company still expects to produce 360,000 to 400,000 vehicles this year, and if a new Chinese factory hits volume production at the end of the year, it could make 500,000.

Tesla likely is nearing its “cash floor,” the amount it needs in the checking account to pay all the bills, said Gartner analyst Michael Ramsey.

“It’s anxiety provoking,” Ramsey said. If Tesla continues burning cash at the first quarter rate, it would run out of money in less than six months.

But Ramsey said that’s not likely. If Tesla can produce and sell all the vehicles that it predicts in the current quarter, it will generate a lot of cash, easing its problem. Tesla said it believes deliveries will hit 90,000 to 100,000 vehicles from April through June.

Tesla, Ramsey said, has many supporters and shouldn’t have trouble borrowing money or issuing more stock to generate cash. The fact that Musk said it may be time to raise capital means “you can pretty much count on it,” Ramsey said.

Musk also told analysts that the company has become more efficient as it tries to save cash.

“I think it’s healthy to be on a Spartan diet for a while,” he said.

Chief Financial Officer Zachary Kirkhorn, meanwhile, hinted on the conference call that Tesla will build its new semi starting next year at its factory near Reno, Nevada. That’s where the battery and electric drive units will be made, he said.

And Musk said the company will decide in the next few weeks whether it will build the Model Y small SUV in Nevada or at its Fremont, California, factory. Deliveries are scheduled to start in the fall of 2020.

Musk also said Wednesday that average prices for the Model 3 mass-market car are running around $50,000, with very few taking the $35,000 version.

Another problem for Tesla is fading sales of its higher-priced models S and X as the vehicles age. But Tuesday night, the company announced updates to both, including a new drive system that increases the range by 10% per electric charge. Long-range versions of the S will be able to go 370 miles per charge, for example. The vehicles also will get new suspensions, faster acceleration and more comfortable rides, Tesla said.

Profit margins on the S and X, which can run well over $100,000, should rise because the improvements actually save the company money, Musk said.

Tesla has lost more than $6 billion since setting out to revolutionize the auto industry 15 years ago, but Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.

Musk believes Tesla’s technology is capable of letting the vehicles drive themselves. That terrifies some critics who worry Musk’s plan to transport passengers in self-driving Teslas without a human to take control in emergencies will maim and kill people.

____

Krisher reported from Detroit.

(Bloomberg) — Beyond Meat Inc. piled on the market value, serving up the year’s best first day for a U.S. initial public offering.

The maker of vegan beef and sausage substitutes soared, rising as much as 192 percent from its IPO price of $25 share. The shares, which opened at $46, closed their first day of trading Thursday up 163 percent to $65.75 in New York, giving the company a market value of about $3.8 billion.

The first-day pop eclipsed the 81 percent gain by Silk Road Medical Inc. in its U.S. debut last month and was the best for a U.S. listing raising at least $200 million since before the 2008 financial crisis. Globally, Beyond Meat bested the debuts this year of all but a handful of small listings, none of them larger than $22 million.

Beyond Meat raised $241 million from the sale of 9.63 million shares on Wednesday, after increasing its marketing range for them to $23 to $25.

Beyond Meat Makes History with Post ’08 Crisis IPO Pop

The company’s business and Hollywood celebrity backers, including Microsoft Corp. co-founder Bill Gates and actor Leonardo DiCaprio, helped explain the investor zeal, along with a growing consumer appetite for meat alternatives.

Investor and actress Jessica Chastain, who is a vegan, said she cooks Beyond Meat products at home, to the approval of her non-vegan husband and friends.

Toronto Burger

“I love any plant-based product,” Chastain said in an interview at the Nasdaq exchange. She said she invested in Beyond Meat after being on set in Toronto and being unable to find a Beyond Burger at an A&W restaurant. “I tried for four months in Canada to get one and it sold out everywhere,” she said.

Chief Executive Officer Ethan Brown doesn’t expect a conflict between making environmentally based decisions and those that serve shareholders.

“Consumers are looking for products that enable them to be healthier and reduce their footprint,” he said in an interview. “Every time we’re making a sale we’re furthering our mission and increasing sales.”

International Potential

One food-industry consultant said investors are taking a lot on faith with money-losing Beyond Meat.

The company’s valuation in its IPO is “entirely reasonable if it’s got internationalizable potential and a great product, and has capacity to make money in its core profit structure,” said Robert Lawson, chief executive officer of London-based Food Strategy Associates. “But it’s not clear that Beyond Meat is that.”

The company will need to expand its product range to succeed outside the U.S., where burgers aren’t as popular, Lawson added.

Beware Vegan ’Meat’ Peddled by Venture Capitalists: Bloomberg Opinion

Consumers are looking for more plant-based meat alternatives because of concerns about health, animal welfare and the environment. Startups like Beyond Meat are tapping into that demand by offering beef-like versions of the veggie burger and other meat products.

Supermarket sales of meat alternatives surged 19.2 percent to $878 million for the year ended Jan. 5, according to data from Nielsen. The field is crowded, with Silicon Valley-based Impossible Foods also placing its meatless burgers in thousands of restaurants, including all Burger King locations. Nestle SA makes a plant-based Incredible Burger, which is available in McDonald’s Corp.’s German locations.

TGI Fridays, Del Taco

Beyond Meat is sold in grocery stores nationwide and is also increasingly being featured on restaurant menus, including TGI Fridays and Carl’s Jr. and now under a new deal with Del Taco Restaurants Inc. Its burger patties, with no cholesterol and 5 grams of saturated fat, are made of pea protein and beet juice, which makes them “bleed” when cooked. That compares with 80 milligrams of cholesterol and 9 grams of saturated fat for a 4-ounce patty of 80 percent lean beef.

And despite the company’s mission, Brown said the company will choose the customer over the planet when necessary.

“Our packaging is not great,” he said, referring to the plastic wrap. “That runs counter to what I believe in in terms of ability to recycle things and the overall footprint of that packaging, but we care about the quality of the product. So we will make trade-offs that make sense for the product and market instead of the most environmental path.”

Shrinking Losses

Beyond Meat shrank its 2018 loss, while its revenue more than doubled for the second year in a row, according to its filings. Last year, it lost $29.9 million on revenue of $87.9 million compared with a 2017 loss of $30.4 million on revenue of $32.6 million.

The company had significant shortages in 2017 and 2018 and has since made significant investments to keep up with demand, Brown said.

“Now it’s about sequencing customers,” he said. Quick-service restaurants have thousands of locations, so supplying them requires a huge jump in output. To keep up, Brown said, the company has been staggering rollouts.

Brown said he wants to eventually lower the price of the company’s products, which currently can cost twice as much as standard ground beef. Beyond Meat wants to sell its products for less than animal protein in the next five years, he said.

McDonald’s Ex-Chief

Beyond Meat’s investors include former McDonald’s Chief Executive Officer Don Thompson and venture capital firm Kleiner Perkins Caufield & Byers LLC, which owns 16 percent of the company, and Twitter Inc. co-founder Ev Williams’s Obvious Ventures with 9 percent, according to its filings.

Its backers had included Tyson Foods Inc., the largest U.S. meat producer. Tyson sold its 6.5 percent stake in Beyond Meat, according to a statement in April. Tyson’s shares were sold both to insiders and new shareholders, Brown said.

The offering was led by Goldman Sachs Group Inc., JPMorgan Chase & Co. and Credit Suisse Group AG. Beyond Meat trades on the Nasdaq Global Market under the symbol BYND.