PE HUB First Read

The Iowa Legislature’s longest-serving Republican is joining the Democratic party.

SpaceX won’t admit that its crew capsule blew up.

Stripe has bought Touchtech, a startup out of Ireland.

Wirecard lands $1 billion investment from SoftBank.

Masayoshi Son, SoftBank’s founder, lost more than $130 million on bitcoin.

S&P 500 and NASDAQ close at record highs.

The asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are reportedly in “serious” merger talks.

Following Walgreens’ lead, Rite Aid raises tobacco buying age to 21.

New Sesame Street-themed PSA encourages kids to reduce mobile device use.

Henry Bloch, co-founder of H&R Block, dies at 96.