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A listener note as we get started, as we close out 2025, we're taking a look at some big consumer trends like American's still insatiable hunger for protein, especially meat, and just how much tastes have soured on the fake stuff. You know, it wasn't that long ago that Beyond Meat and Impossible Foods looked like brilliant bets to investors. Climate and health conscious consumers were spreading the gospel of these brands innovations far and wide, and it seemed like plant based foods were fully entering the mainstream. But now Beyond Meat's stock has fallen more than 95% from its peak and Impossible Foods has weathered multiple rounds of layoffs. In fact, Beyond Meat's stock briefly did rally this October when it became a meme stock. But that shine certainly didn't stick. We're revisiting this business war season to look back both at the company's meteoric rises, but their fierce rivalry too, and how they set out to upend the meat industry. It's June 2024 in New York City. In his office on bustling Fifth Avenue, George Shea fiddles with his smartphone. The thin gray haired 59 year old is the commissioner of Major League Eating, the world's biggest competitive eating league. And right now he's sick to his stomach. Shea searches his phone for a video he hopes will make him feel better. He calls up one showing last year's Nathan's famous International Hot Dog Eating contest on Coney Island. In the video, Shea himself dramatically introduces the defending champion of the hot dog eating contest, Joey Chestnut. Because of him alone, the Nathan's famous Fourth of July champion of the world. Shea pauses the video and reluctantly reaches for his office's landline. He dials 40 year old Joey Chestnut's number and prepares for a confrontation with the biggest star in competitive eating. Hey George, we going to talk about Impossible Foods again? I'm afraid so. Joey Chestnut recently agreed to become a brand ambassador for Impossible Foods, a maker of plant based meat products. Shay wants Chestnut to chew that deal up and spit it out now. Listen, Joey, you're the hot dog eating champion of the world. I can't have you out in public endorsing another hot dog brand in a plant based one at that. Are you going vegan or something? No way. I ate 62 beef hot dogs in last year's contest and I'll do it again this year. Besides, Impossible Foods doesn't even market to vegans and vegetarians. They want meat eaters to buy their stuff. Why do you think a meat eater wants vegan meats? Well, it has no cholesterol. It's better for the environment. Raising animals takes more resources and growing plants. Shay shakes his head. For God's sakes, Joey, the Fourth of July contest is a beef only eventually and competitive eating celebrates over consumption. Plus, we've already offered you a lot. $300,000 a year to stick with us. So this is the last time I'm going to ask you. Will you drop your deal with Impossible Foods? Chestnut takes a deep breath, opening his mouth wide to reveal a sharp set of teeth that have earned him a fearsome nickname. Jaws. George, Impossible Foods is paying me way more than 300 grand. I am not going to quit. Joey, if that's your final decision, then I'm afraid you're banned from this year's hot dog eating contest. Stay off Coney island on the Fourth of July. Chestnut is gutted by the ban, but for his new sponsor, Impossible Foods, the public beef with a hot dog brand is a huge opportunity that comes at just the right moment. Impossible Foods and its closest competitor, Beyond Meat, exploded like fireworks when they debuted their plant based meat substitutes less than a decade ago. But consumers have cut back on plant burgers and dogs since then. That's left Impossible Foods and Beyond Meat on the brink of implosion. Now, if the companies can use Chestnut as an example of the power of plants, they just might be able to save their hides. Closing the books, getting your people paid and bringing on new hires. Running a small or mid sized business can be exciting and also a little chaotic. Workday Go makes simplifying your business, well, simple. Imagine all the important aspects of your company hr, finance and payroll, all on the AI platform. No more juggling multiple systems. No more worrying about growing too fast. Just the full power of Workday helping small to mid sized businesses like yours scale and run more smoothly. Think about what that means. Seamless onboarding for new team members, real time insights at your fingertips and payroll that works perfectly every single time so you can focus on the big picture and go after your big ambitions. And with Workday you can activate quickly in as little as 30 to 60 business days. So simplify your business. Go for growth. Go with Workday Go.
