Sponsored by Lithium Chile

Tyson Foods to grow insects for protein

Tyson Foods (NYSE: TSN), a major US meat processor, is diversifying its investments by entering the insect protein market.

The company recently announced a strategic partnership with Protix, a Netherlands-based insect ingredient manufacturer. Tyson will not only take a minority stake in Protix but is also collaborating to establish a manufacturing facility in the United States.

The newly planned factory will harness animal waste to nourish black soldier flies, which will subsequently be processed into pet, poultry, and fish food. While the financial details of the deal remain undisclosed, it’s clear that Tyson aims to leverage this venture to address the growing interest in insect-based ingredients for animal feed.

You can read more on the matter here.

What’s going on?

• Did A Russian Oligarch Take Over Forbes? (theDeepDive)

• Subprime Auto Borrowers Hit Record-High in Loan Delinquencies (theDeepDive)

• Home prices will stay flat until next year: RE/MAX Canada president (BNN)

• Cathie Wood’s ARKK Pitches Tax Benefits From Massive Losses (theDeepDive)

• Universal Basic Income… Again? (theDeepDive)

• Survey Reveals Consumer Cutbacks on Restaurant Visits Due to Rising Costs (theDeepDive)

• Macklem warned premiers about dangers of putting BoC's independence at risk (BNN)

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• Scholz Says Germany Needs to “Deport People More Often and Faster” (theDeepDive)

• Air force will have to wait even longer to get armed drones, Defence Department says (CBC)

What’s the latest?

• Bitcoin Rallies: Bitcoin has risen 6% to $35,198, its highest level in nearly a year and a half, amid growing speculation that a bitcoin exchange-traded fund (ETF) may soon be approved. A spot bitcoin ETF could open up access to cryptocurrencies for traditional investors through the stock market, potentially bringing in more capital.

• UAW Expands Strike Again: The UAW has expanded its strike to include a GM assembly plant in Texas, which produces the automaker's profitable full-size sport utility vehicles. This brings the total number of UAW members on strike at the Big Three automakers to over 45,000. The targeted strikes have significantly impacted the revenue of automakers while requiring fewer than half of the UAW members to participate.

• Norway’s Fund Posts Loss: Norway's $1.4 trillion sovereign wealth fund, the world's largest, reported a $33.80 billion loss in the third quarter, primarily due to drops in the value of equities and bonds. The fund's return on investment for the period was -2.1%, slightly better than its benchmark index. Equities, which make up a significant portion of the fund's assets, saw a 2.1% loss.

• Russia Denies Rumors: The Kremlin has denied recent reports suggesting that Russian President Vladimir Putin is ill and has laughed off rumors of him using body doubles for public appearances. The denial follows an unsourced report on a Russian Telegram channel that claimed Putin had experienced a serious health incident. The Kremlin spokesman dismissed these claims as "fake" and called them "absurd information hoaxes."

• The Bankers Always Win: The UK has scrapped a decade-old cap on banker bonuses, a move signaling a divergence in post-Brexit financial rules from the EU. The cap, which limited bonuses to twice basic pay if shareholders approved, had been introduced by the EU in 2014 to prevent behaviors that led to the 2008 global financial crisis. The Bank of England and the Financial Conduct Authority had proposed scrapping the cap in an effort to boost London's competitiveness as a global financial center.

Navigating the copper shortage

The stock market and stuff

• GM Beats Q3 2023 Estimates But Sees Income Decline Due To UAW Strike, Retracts Forecasts (theDeepDive)

• Spotify stock jumps 10% as cost-cutting boosts streamer to first quarterly profit in a year (CNBC)

• Bitcoin ETF Nears Reality After Nasdaq Trade Clearing Firm Listing (theDeepDive)

In the juniors

• Power Nickel Secures Initial Investment From Rob McEwen (theDeepDive)

• Full Circle Lithium Claims 99% Recovery At Demo Plant Using DLE Technology (theDeepDive)

• Total Helium Sees 9 Wells Connected To Pipeline, With Further 10 Awaiting Connection (theDeepDive)

FULL DISCLOSURE: Lithium Chile is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Lithium Chile. The author has been compensated to cover Lithium Chile on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Sponsored by Lithium Chile

Tyson Foods to grow insects for protein

Tyson Foods (NYSE: TSN), a major US meat processor, is diversifying its investments by entering the insect protein market.

The company recently announced a strategic partnership with Protix, a Netherlands-based insect ingredient manufacturer. Tyson will not only take a minority stake in Protix but is also collaborating to establish a manufacturing facility in the United States.

The newly planned factory will harness animal waste to nourish black soldier flies, which will subsequently be processed into pet, poultry, and fish food. While the financial details of the deal remain undisclosed, it’s clear that Tyson aims to leverage this venture to address the growing interest in insect-based ingredients for animal feed.

You can read more on the matter here.

What’s going on?

• Did A Russian Oligarch Take Over Forbes? (theDeepDive)

• Subprime Auto Borrowers Hit Record-High in Loan Delinquencies (theDeepDive)

• Home prices will stay flat until next year: RE/MAX Canada president (BNN)

• Cathie Wood’s ARKK Pitches Tax Benefits From Massive Losses (theDeepDive)

• Universal Basic Income… Again? (theDeepDive)

• Survey Reveals Consumer Cutbacks on Restaurant Visits Due to Rising Costs (theDeepDive)

• Macklem warned premiers about dangers of putting BoC's independence at risk (BNN)

• Trudeau Still Doesn’t Know How to Fix the Real Estate Problem (theDeepDive)

• Scholz Says Germany Needs to “Deport People More Often and Faster” (theDeepDive)

• Air force will have to wait even longer to get armed drones, Defence Department says (CBC)

What’s the latest?

• Bitcoin Rallies: Bitcoin has risen 6% to $35,198, its highest level in nearly a year and a half, amid growing speculation that a bitcoin exchange-traded fund (ETF) may soon be approved. A spot bitcoin ETF could open up access to cryptocurrencies for traditional investors through the stock market, potentially bringing in more capital.

• UAW Expands Strike Again: The UAW has expanded its strike to include a GM assembly plant in Texas, which produces the automaker's profitable full-size sport utility vehicles. This brings the total number of UAW members on strike at the Big Three automakers to over 45,000. The targeted strikes have significantly impacted the revenue of automakers while requiring fewer than half of the UAW members to participate.

• Norway’s Fund Posts Loss: Norway's $1.4 trillion sovereign wealth fund, the world's largest, reported a $33.80 billion loss in the third quarter, primarily due to drops in the value of equities and bonds. The fund's return on investment for the period was -2.1%, slightly better than its benchmark index. Equities, which make up a significant portion of the fund's assets, saw a 2.1% loss.

• Russia Denies Rumors: The Kremlin has denied recent reports suggesting that Russian President Vladimir Putin is ill and has laughed off rumors of him using body doubles for public appearances. The denial follows an unsourced report on a Russian Telegram channel that claimed Putin had experienced a serious health incident. The Kremlin spokesman dismissed these claims as "fake" and called them "absurd information hoaxes."

• The Bankers Always Win: The UK has scrapped a decade-old cap on banker bonuses, a move signaling a divergence in post-Brexit financial rules from the EU. The cap, which limited bonuses to twice basic pay if shareholders approved, had been introduced by the EU in 2014 to prevent behaviors that led to the 2008 global financial crisis. The Bank of England and the Financial Conduct Authority had proposed scrapping the cap in an effort to boost London's competitiveness as a global financial center.

Navigating the copper shortage

The stock market and stuff

• GM Beats Q3 2023 Estimates But Sees Income Decline Due To UAW Strike, Retracts Forecasts (theDeepDive)

• Spotify stock jumps 10% as cost-cutting boosts streamer to first quarterly profit in a year (CNBC)

• Bitcoin ETF Nears Reality After Nasdaq Trade Clearing Firm Listing (theDeepDive)

In the juniors

• Power Nickel Secures Initial Investment From Rob McEwen (theDeepDive)

• Full Circle Lithium Claims 99% Recovery At Demo Plant Using DLE Technology (theDeepDive)

• Total Helium Sees 9 Wells Connected To Pipeline, With Further 10 Awaiting Connection (theDeepDive)

FULL DISCLOSURE: Lithium Chile is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Lithium Chile. The author has been compensated to cover Lithium Chile on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.