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Beyond Meat surges on PepsiCo plant-based snack deal

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In this file photo taken May 2, 2019, Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite in New York City. — Drew Angerer/Getty Images North America pic via AFP
In this file photo taken May 2, 2019, Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite in New York City. — Drew Angerer/Getty Images North America pic via AFP

NEW YORK, Jan 26 — Beyond Meat Inc said today it had formed a joint venture with PepsiCo Inc to develop and sell snacks and beverages made from plant-based protein, sending shares of the faux-meat maker to an 18-month high.

The deal was the latest in a run of marketing successes for Beyond which include a distribution deal with Walmart, and partnerships with restaurants including Taco Bell, KFC and Starbucks.

The company’s burger patties and sausages have been among the leaders in the surge in in

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