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via Facebook

Hampton Creek, the company best known for its eggless, plant-based mayonnaise product, unveiled its efforts to develop meat made by feeding plant material to animal cells. The company has been quietly working on this for the past year.

The company plans to release its meat product by the end of 2018 and will cost at most 30% more than the same product from mainstream food manufacturers, according to the Wall Street Journal.

Bigger picture: Hampton Creek says that it plans to eventually license its work on lab-grown meat to seafood and meat companies so they can develop their own. It also says that in the next two years it will make its work freely available to entrepreneurs who "commit to using the data for good."

Controversies: Over the past couple of years, Hampton Creek has faced questions surrounding its claims about its science and research, product development, and business practices. Last year, Bloomberg reported that the company was spending thousands of dollars on purchasing its own products, though the company has denied this, saying that its bought a small quantity to check on quality. Last week, Target began to pull its products off its shelves, citing food safety concerns, though it's not done investigating.

Go deeper

Obama says Powell exemplified what America "can and should be"

Then-President Obama speaks alongside former Secretary of State Colin Powell during a meeting in the Oval Office in 2010. Photo: Saul Loeb/AFP via Getty Images

Former President Obama called Colin Powell an "exemplary soldier and an exemplary patriot" in a statement honoring the former general following his death from COVID-19 complications on Monday.

Why it matters: Powell, the first Black U.S. secretary of state, was known as a Republican but played a critical role in helping Obama get elected in 2008.

Justice Department asks Supreme Court to block Texas abortion ban

Abortion rights activists rally at the Texas State Capitol on Sept. 11 in Austin, Texas. Photo: Jordan Vonderhaar/Getty Images

The Justice Department on Monday asked the Supreme Court to temporarily block Texas' near-total ban on abortions while federal courts consider its constitutionality.

The big picture: The court last month allowed the ban to take effect, rejecting an emergency application by abortion-rights groups. The law bars the procedure after cardiac activity is detected, as early as six weeks into pregnancy.

Updated 4 hours ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.

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