Eat Just is out to make a major change in the way the world produces and eats meat. The most recent milestone in its mission is the historic regulatory approval it received in Singapore for cultured meat.
"This way of making meat is far and away safer," Josh Tetrick, co-founder and CEO of Eat Just, told Cheddar Monday. "It’s cleaner, and eventually it’s going to be more cost-effective."
Eat Just creates its cultured chicken — which Tetrick calls "no-kill meat" — using animal cells. Tetrick explained those cells can come from a biopsy or cell bank. The company identifies the nutrients needed to feed the cell, and then manufactures it in a bioreactor.
The new regulatory approval lets Eat Just sell its cultured chicken in Singapore as an ingredient in chicken bites.
But Eat Just has ambitions to eventually get into millions of restaurants. Tetrick said there’s no need to have both conventional and plant-based chicken options on the menu, just a cultured chicken option.
"It satisfies everyone," Tetrick said. "It satisfies people who are trying to eat [no meat] because they don’t want to take a life. It satisfies people who don’t want to contribute to exacerbating climate change. And it satisfies people who just like good old tasty fried chicken and don’t care about any of that stuff. That’s how we think we’re going to really change the food system."
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."