PE HUB First Read

A Modigliani painting sells $170.4 million at Christie’s, joining rarefied nine-figure club.

Appeals court rules against Obama’s immigration plan.

Bank of America cuts off finance sites from its data.

Yahoo hires McKinsey & Co to mull over reorganization as CEO Mayer demands executives several year pledges to stay.

China cracks down on internet music services.

Brazil plans to tax Airbnb rentals ahead of Olympics.

Facebook faces daily fine in Belgium over privacy.

Tenable raises $250 million in record cyber funding round.

Orangutans are losing both health and habitat to palm oil fires.

GE to build 1,000 trains for India in massive deal

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Apollo shops for real estate AUM after deal fizzles.

Berkshire Partners eyes $5.5 bln for Fund IX.

Fund performance: Early-stage strategy brings mixed results to CalSTRS.

Photo of gavel with money courtesy of Shutterstock.