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Illustration: Aïda Amer/Axios

Impossible Foods, a Redwood City, California-based maker of plant-based protein products, raised $500 million in Series F funding led by Mirae Asset Global Investments.

Why it matters: This massive round closed last week. Not only is that notable in our new abnormal, confirming what we heard last week about venture capital willingness to cut checks, but it also should help Impossible handle short-term business disruptions.

  • Investors in the round included celebrities like Mindy Kaling and Peter Jackson, and existing shareholders like Horizons Ventures, Khosla Ventures and Temasek.

The bottom line: "Plant-based meat and lab grown meat companies have been gaining traction with many consumers becoming more aware of the environmental impact of industrial husbandry. Rival Beyond Meat is trading at three times its initial public offering price in May and worth around $4.5 billion even after the recent market rout," per Reuters' Jane Lanhee Lee.

Go deeper: The next frontier for plant-based meat

Go deeper

USAID chief tests positive for coronavirus

An Air Force cargo jet delivers USAID supplies to Russia earlier this year. Photo: Mikhail Metzel/TASS via Getty Images

The acting administrator of the United States Agency for International Development informed senior staff Wednesday he has tested positive for coronavirus, two sources familiar with the call tell Axios.

Why it matters: John Barsa, who staffers say rarely wears a mask in their office, is the latest in a series of senior administration officials to contract the virus. His positive diagnosis comes amid broader turmoil at the agency following the election.

Bryan Walsh, author of Future
6 hours ago - Health

COVID-19 shows a bright future for vaccines

Illustration: Annelise Capossela/Axios

Promising results from COVID-19 vaccine trials offer hope not just that the pandemic could be ended sooner than expected, but that medicine itself may have a powerful new weapon.

Why it matters: Vaccines are, in the words of one expert, "the single most life-saving innovation ever," but progress had slowed in recent years. New gene-based technology that sped the arrival of the COVID vaccine will boost the overall field, and could even extend to mass killers like cancer.

7 hours ago - Health

Beware a Thanksgiving mirage

Illustration: Sarah Grillo/Axios

Don't be surprised if COVID metrics plunge over the next few days, only to spike next week.

Why it matters: The COVID Tracking Project warns of a "double-weekend pattern" on Thanksgiving — where the usual weekend backlog of data is tacked on to a holiday.