Good afternoon: Today's PM is 596 words, a 2 minute read.
Situational awareness: There have been more border arrests so far this fiscal year than in any other full fiscal year in the past decade. Go deeper.
Illustration: Rebecca Zisser/Axios
The fake-meat boom is real, propelling startups to incredible heights while creating shortages of its own.
The big picture: The fake-meat market could be 10x its current size by 2029, Barclays analysts estimated in May.
Why it matters: The stock market in particular is treating Beyond Meat like a superstar, with its stock price up 4x from last month's IPO. But the companies must prove they can handle the demand.
Between the lines: The companies above are struggling to scale up plant-based meat imitators, let alone lab-grown meat, which even optimists estimate would cost $10 a patty as a best case scenario.
What's next: The cattle industry isn't taking kindly to fake meat, pouring cash into lobbying for regulation on what can be called meat at the federal and state levels, the Washington Post reports.
The bottom line: "Fifteen percent of U.S. restaurants offered meatless burgers in March, according to a Technomic Inc. study of menus from 6,000 operators, with the number serving them up 3% from a year earlier." [WSJ]
D-Day veteran Tom Rice from California parachutes in a tandem jump into a field in Normandy, France.
"The Beauty of James Holzhauer’s 'Jeopardy' Streak" ... Ken Jennings, who won 74 games in 2004, eulogizes the upstart who came so close to topping his regular-season winnings record in The Atlantic.
"For a little while, we just wanted to watch someone blow our minds by knowing stuff."