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Animal-free egg protein startup Onego Bio takes one step closer to opening up traditional egg market

In 2023, rising egg prices provide an opportunity for alternative protein companies to show they can compete with traditional egg manufacturers. Onego Bio, a food biotechnology company based in Finland, utilizes the fungus Trichoderma and sophisticated fermentation technology to produce an animal-free protein alternative called Bioalbumen. Maija Itkonen, co-founder and chief executive officer of Onego Bio (pronounced on-eh-go), co-founded the company in 2022 with Kristopher Landowski, a precision fermentation expert from the Finnish Technical Research Center (VTT).

Morning Bid Yen Alert Keeps Markets Tight

Another day, another warning from Tokyo curbed the yen's decline, as the Asian currency inched closer to the 34-year low of 151.975 yen it hit last week, prompting repeated warnings of intervention. Japan's finance minister, Shunichi Suzuki, reiterated his warning of a bear market for the yen on Tuesday as Tokyo tries to prevent the currency's decline from destabilizing. After the initial shock of stronger-than-expected U.S. manufacturing data, which made the market skeptical about the Fed's timing for a rate cut, the market seems to be taking more and more evidence of economic strength in stride.

China's stock market soars in Hong Kong amid rising economic optimism.

(Bloomberg) -- Hong Kong's Chinese shares rose as traders returned from a two-day break, following Monday's gains in onshore stocks on fresh signs of economic recovery. Bloomberg Read Most Trump's Net Worth Falls by $1 Billion Social Media Firms Sink Erdogan Suffers Historic Loss in Turkish Municipal Elections Caribbean Gold Care Fees Soar to $200,000 Amid EU Crackdown Plunge or Rise? Traders Prepare for Stock Market's Extreme 耑 Market Tesla Has Wall Street Worried About How Many Cars It Can Produce
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