PE HUB Second Opinion

Jeff Immelt, longtime CEO of General Electric, is stepping down on August 1. He will be succeeded by John Flannery.

Also, Uber CEO Travis Kalanick is likely to take a leave of absence; meanwhile, senior vice president Emil Michael is out.

Et tu Delta? Delta Airlines and Bank of America withdraw their sponsorship of a Shakespeare in the Park production of “Julius Caesar,” which depicts the assassination fo a Trump-like leader.

Digital pharmacy startup ScriptDash rebrands as Alto and inks $23 million for nationwide expansion.

Bruce Dahlgren joins Kony as its new chief revenue officer.

President Trump’s travel ban is struck down by second appeals court.

Billionaire investor and art collector Steve Cohen buys Roy Lichtenstein’s “Masterpiece” painting for $165 million.

Memphis has pledged to help its city employees pay off their student loans.

Vermont expands medical marijuana plan.

Photo: General Electric Co Chief Executive Jeff Immelt speaks at a news conference in Boston, Massachusetts, in this April 4, 2016. Reuters/Brian Snyder/Files