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peHUB First Read

First Read starts your morning with news that the U.S. and Cuba are nearing a deal to fully restore diplomatic ties, Stripe is in talks to raise funding at a $5 billion valuation and Chromebook sales are predicted to grow by 27 percent this year to 7.3 million units.

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VC-backed Rapid7 buys NTO

Rapid7, which is backed by Bain Capital and Technology Crossover Ventures, has acquired NT OBJECTives. No financial terms were disclosed. Based in Irvine, California, NTO is a provider of web and mobile application security testing solutions.

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Life at the top

If in five years the U.S. economy emerges from another downturn and we all look back to 2014/2015 as the height of the exuberance, at least we can say – this time – we saw it coming.

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Sankaty Advisors-backed Manischewitz appoints new president and CEO

Newark, New Jersey-based Manischewitz, a producer of matzos and kosher food products, has named David Sugarman as president and CEO. Previously, Sugarman was the president and CEO of the Allan Candy Company, a Hershey division. Manischewitz is backed by Sankaty Advisors, a credit affiliate of Bain Capital.

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