PE HUB First Read

Michael Bloomberg won’t run for president, fearing his candidacy could lead to the election of Trump or Cruz.

SoftBank will split its businesses in a bid to spur growth.

Lyft ridership has increased 500 percent in New York since May.

Snapchat thinks it will generate at least $300 million in revenue this year, ReCode reports.

The Justice Department appeals Apple’s win in Brooklyn iPhone encryption battle.

Blood-testing company Theranos ran tests despite quality problems.

Hulk Holgan takes the stand in his sex-tape $100 million lawsuit against Gawker.

A jury awarded sportscaster Erin Andrews $55 million in lawsuit over nude video.

Tim Cook, Larry Page, Elon Musk and others met with top Republicans this weekend to discuss stopping Donald Trump.

Amazon India is planning to launch a digital wallet.

Salesforce plans a takeover of MetLife Tower on NYC’s Bryant Park.

Ex-Chesapeake CEO Aubrey McClendon bet big to finance his second act.

Photo of Michael Bloomberg courtesy of Shutterstock