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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
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Panda Express brings back plant-based meat becaus customers were ‘begging’ for it—a week after McDonald’s killed its alt-meat burger

By
Dee-Ann Durbin
Dee-Ann Durbin
and
The Associated Press
The Associated Press
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By
Dee-Ann Durbin
Dee-Ann Durbin
and
The Associated Press
The Associated Press
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July 3, 2024, 4:40 PM ET
A woman holds a fork with a bite of food
Panda Express said customers were "begging" for the return of a plant-based menu item, but other chains' alt-meat efforts have fallen flat.Getty Images
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Do Americans want plant-based options at fast-food restaurants? Two recent moves show restaurant chains are still undecided.

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On Wednesday, Panda Express said it is reintroducing plant-based chicken – which it developed with El Segundo, California-based Beyond Meat – at hundreds of U.S. stores. Beyond Orange Chicken will be available for a limited time, Panda Express said.

But last week, McDonald’s revealed it has pulled the plug in the U.S. on the McPlant, the plant-based burger it co-developed with Beyond Meat. During an appearance at the Wall Street Journal’s Global Food Forum, McDonald’s U.S. President Joe Erlinger said the company’s 2022 test of the McPlant at stores in San Francisco and Dallas was “not successful in either market.”

“I don’t think the U.S. consumer is… looking for the McPlant or other plant-based proteins from McDonald’s,” Erlinger said.

The McPlant has seen more success in Europe, where consumers are much more receptive to ordering plant-based products at a McDonald’s. The McPlant is now a permanent menu item in the United Kingdom, Germany, the Netherlands and other markets, and McDonald’s introduced plant-based McNuggets – also developed with Beyond Meat – in Europe last year.

Erlinger said McDonald’s will keep an eye on plant-based trends, but prefers to focus on chicken in the U.S. right now.

Still, Panda Express is bullish about plant-based meat. It first tested Beyond Orange Chicken in 2021 and rolled it out nationally for a limited time in 2022.

“We’ve never received so many social media comments begging for an entree’s return,” a Panda Express spokesperson said. The company said fans even started a petition asking the company to bring the dish back.

“If our fans continue to love and demand it, there’s potential to expand availability,” the Rosemead, California-based company said.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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