PE HUB First Read

Cruz wins in Iowa, dealing Trump a humbling loss.

Clinton claims narrow victory over Sanders.

Martin O’Malley to drop out of Democratic presidential race

Alphabet passes Apple as the most valuable company on Earth.

Yahoo to cut 15 percent of jobs and will close several units

Facebook’s prized messaging app WhatsApp hits 1 billion users.

Magic Leap adds Alibaba’s Jack Ma to board as new funding pushes valuation to $5 billion.

BP reports worst annual loss in 20 years.

Britain jails woman who took toddler to Syria to join ISIS.

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Madison Dearborn to make 4x its money with Sage Products sale.

Brentwood sees add-ons, possible IPO for Excelligence.

Fund performance: UTIMCO steers course on emerging funds strategy.

Photo of Ted Cruz courtesy of Andrew Cline/