PE HUB First Read

The Sonos IPO priced at $15 share, below its expected range of $17 to $19 a share.

Grab has increased its financing round to $2 billion with money from Ping An Capital and Lightspeed Venture Partners.

A california jury orders Apple to pay $145 million to WiLan Inc for patent infringement.

Facebook’s chief security officer, Alex Stamos, plans to join Stanford University.

WhatsApp finally has a feature to make money.

Tesla is building its own AI chips for self-driving cars.

The Bronx bodega where “Junior” Guzman-Feliz was killed has been sold and will reopen under new owners.

The suspect wanted in killing George H.W. Bush’s former doctor held a 20-year grudge.

Federal Reserve keeps interest rates unchanged.

L’Oreal has acquired Germany’s Logocos, a maker of vegan beauty products.

Apple hits record high, nears $1 trillion value.

Carl Icahn, who has a sizable stake in Cigna, plans to vote against the health insurer’s $54 billion planned purchase of Express Scripts.

Fitbit stock jumps as smartwatches fuel growth.