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Phase One trade deal
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Beyond Meat's shares surged 163% in its Nasdaq debut, reaching a $3.77 billion valuation, after pricing its IPO at $25 per share. The plant-based meat company, backed by growing consumer demand for alternatives to animal protein, raised capital to expand production and R&D. The strong performance highlights investor appetite for sustainable food tech, amid rising competition from major food players like Nestle and Tyson.
On November 25, 2019, LVMH agreed to acquire American jeweler Tiffany & Co. for $135 per share in cash, an equity value of about $16.2 billion, making it the biggest luxury-goods acquisition on record. The price sat nearly $2 billion above LVMH's initial October bid and deepened the group's push into hard luxury and jewelry alongside brands like Louis Vuitton and Bulgari.