VC Gene Munster: Tesla Buyout Is 'Very Achievable'
Gene Munster, managing partner at Loup Ventures and a long-time Tesla bull, says there's a one in three chance Musk can take Tesla private. A Tesla-leveraged buyout, Munster adds, is very achievable.
For more on this story, [click here](https://cheddar.com/videos/gene-munster-1-in-3-chance-telsa-will-go-private).
The U.S. Department of Agriculture is proposing a new rule to narrow what products qualify for a "Product of USA” or “Made in the USA” label. Now only meat, poultry and egg products from animals "born, raised, slaughtered, and processed in the United States" will make the grade.
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.
Federal Reserve Chair Jerome Powell will hint that the central bank could increase the pace of interest rate hikes if data indicate price pressures continuing.
Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.
