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By DEE-ANN DURBIN

Beyond Meat’s shares were trading below $1 Tuesday as investors fretted over the company’s plans to cut its debt by issuing more shares.

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It was further bad news for the plant-based meat maker, which has been struggling with weak demand for its burgers, sausages, tenders and other products. Beyond Meat’s net revenue was down 15% in the first six months of this year.

El Segundo, California-based Beyond Meat said Monday that most of the holders of its convertible notes had agreed to a plan to help the company reduce its debt load by $800 million and extend the time until that debt matures. read more

By Sybilla Gross, Bloomberg News

Silver prices touched an all-time high above $52.50 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets.

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Spot prices rose as much as 0.4% to $52.5868 an ounce in London, surpassing a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade — when the billionaire Hunt brothers attempted to corner the market. Gold also climbed to another record high, building on eight straight weeks of gains. read more

NEW YORK (AP) — OpenAI is partnering with Walmart to let shoppers make purchases directly within ChatGPT, furthering the artificial intelligence company’s push to turn its chatbot into a virtual merchant as it seeks to boost revenue.

In an Tuesday announcement, Walmart said the new offering will give customers the option to “simply chat and buy.” That means the retailer’s products would be available through instant checkout in ChatGPT — allowing users to buy anything from meal ingredients or household items, to other goods they might be discussing with the chatbot.

“For many years now, eCommerce shopping experiences have consisted of a search bar and a long list of item responses,” Walmart CEO Doug McMillon said in a prepared statement. “That is about to change.”

Sam Altman, cofounder and CEO of OpenAI, added that the partnership would “make everyday purchases a little simpler.”

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NASA’s Jet Propulsion Laboratory announced on Monday, Oct. 13, it will be laying off 550 employees as part of its continued streamlining and restructuring plan, officials said.

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The layoffs are not related to the government shutdown, said JPL Director Dave Gallagher in a brief message on the website of the federal research and space agency located near Pasadena.

Gallagher wrote on the website that the agency is “undergoing a realignment of its workforce, including a reduction in staff.”

He also wrote that the cuts of 550 employees — about 11% of its total staff — slices across technical, business and support areas. This is the third round of layoffs at JPL in the past two years. read more

By JENNIFER McDERMOTT and SIBI ARASU

The world’s largest maritime nations gathered in London on Tuesday to consider adopting regulations that would move the shipping industry away from fossil fuels to slash emissions.

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If the deal is adopted, this will be the first time a global fee is imposed on planet-warming greenhouse gas emissions. Most ships today run on heavy fuel oil that releases carbon dioxide and other pollutants as it’s burned.

Nations are meeting at the International Maritime Organization headquarters through Friday. The Trump administration unequivocally rejects the proposal and has threatened to retaliate if nations support it, setting the stage for a fight over the climate deal. read more