Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, June 22nd, and I'm your host Julie Morgan.

Cell-based meat is approved in the US for the first time.

Root is rising on reports of a takeover offer,

and Powell says a more moderate rate of increases may make sense.

Here's what's making headlines today.

U.S. regulators approved the sale of chicken made from animal cells for the first time.

The Department of Agriculture gave the green light to

California companies upside foods and good meat to sell what is referred to as cell-cultivated

or cultured meat and poultry. The approval comes several months

after the US Food and Drug Administration determined products from

upside foods and good meat were safe to eat. Due to the high cost of mass producing the lab grown meat,

the companies plan to serve the new products

only in exclusive restaurants in the initial rollout phase.

Industry analysts think it'll take seven to 10 years before lab-grown

meat will be seen broadly in grocery stores. Tyson Foods is an early

investor in upside foods and stakeholder foods ticker symbol STKH says it is

developing beef and seafood products. Car insurer Root rose 60% on Wednesday on a report of a takeover approach.

According to the Wall Street Journal, which cited people familiar with the matter,

embedded insurance has made multiple approaches and offered $19.34 a share for Root.

Embedded Insurance sent Roots Board a proposal on June 9th after trying to engage in talks since last July. Root is partly backed by

Carvana and has a short interest of 20 percent. Pre-market Root is up more than

...