PE HUB First Read

Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent.

President Obama surprises Vice President Biden with a Presidential Medal of Freedom.

TPG’s former Asia-co-head Ben Gray launches maiden fund targeting $1.5 bln.

European Parliament committee recommends rules for robots, including a kill switch.

TSA found a record number of guns in carry-ons last year.

C-SPAN’s live feed of Congressional hearing interrupted by Russia Today broadcast.

Cigna drops name brand EpiPen while CVS offers the generic equivalent for $100.

CalPERS may move up to $30 bln in-house to cut fees.

AT&T chief and Donald Trump meet but the company’s merger with Time Warner doesn’t come up.

Photo: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. Reuters/Mike Blake