Illustration: Sarah Grillo/Axios
Elon Musk is "seeking a wide pool of investors to back a potential take-private" of Tesla, according to Bloomberg.
Why it matters: This will only increase skepticism that Musk was being truthful when he tweeted "funding secured" on Tuesday, a claim that reportedly is being investigated by financial securities regulators.
Go deeper: Pro Rata podcast on Musk and Tesla.
Illustration: Sarah Grillo/Axios
Illustration: Sarah Grillo/Axios
GNC Holdings, the Pittsburgh-based nutritional supplements retailer, received bankruptcy court approval to sell itself to China’s Harbin Pharma for $770 million, although the deal still faces U.S. political pressures over how GNC customer data is protected.
Why it matters: It's a reminder that the U.S.-China merger mess goes well beyond smartphone apps, with Sen. Marco Rubio asking for a CFIUS review.
The Trump administration's scuttling or weakening of key Obama-era climate policies could together add 1.8 gigatons of carbon dioxide equivalent to the atmosphere by 2035, a Rhodium Group analysis concludes.
Why it matters: The 1.8 gigatons is "more than the combined energy emissions of Germany, Britain and Canada in one year," per the New York Times, which first reported on the study.