First Read

First Read starts the day with news that Novartis is spinning off its Alcon eye care business while launching a $5 billion stock buyback program, Instagram's PR director exits, and LeBron James is joining the Los Angeles Lakers.

First Read starts the end of the week with news that Deutsche Bank fails the Federal Reserve's annual stress test, the White House Chief of Staff John Kelly is reportedly leaving this summer, and Bitcoin drops to below $6000.

First Read begins the day with news that Facebook reverses its cryptocurrency advertising ban, President Trump warns Harley-Davidson about the motorcycle's brand plans to move production overseas, and a federal judge has barred the separation of immigrant parents from their children.

First Read begins the week with news that Chicago Cubs owners are interested in acquiring a controlling stake in Italian soccer team AC Milan, Delta bans pit bulls as emotional support animals, and Tayyip Erdogan wins Turkey’s presidential election.

First Read begins the day with news that Roche is paying $2.4 billion to acquire the rest of Foundation Medicine, Netflix stock hits an all-time high, and PayPal is buying Hyperwallet Systems for $400 million.

First Read kicks off the day with news that Tesla is planning 500 job cuts, the U.S. Armed Forces is getting a Space Force despite the objections of the Defense Secretary, and GameStop is in talks with private equity firms.

First Read ends the week with news that Facebook's PR chief Elliot Schrage is stepping down, Snapchat launches its developer platform and CalPERS investment committee to review PE direct investment policy.

First Read begins the day with news that WeWork is seeking to raise funding at a $35 billion valuation, Comcast tops Disney's bid for Fox assets with a $65 billion offer, and why Tim Draper wants to break California into three states.

First Read begins the day with news that Johnson & Johnson accepts Platinum Equity's $2.1 billion bid for LifeScan, a federal judge rules that AT&T can acquire Time Warner, and Toyota is investing $1 billion into ride-hailing company Grab.

First Read ushers in the day with news that net neutrality rules are now repealed, Comcast will reportedly announce its bid for Fox only if the AT&T-Time Warner deal is approved, and President Donald Trump and North Korean leader Kim Jong Un meet in a historic summit.