First Read

First Read closes out the week with news that Fiat Chrysler and Peugeot owner announce $48 bln merger, Altria cuts value of Juul stake by $4.5 bln and ex-President Obama decries fake 'wokeness' online culture.

First Read ushers in the day with news that Sony is shutting down PlayStation Vue live TV service, Federal Reserve cuts interest rates for the third time this year and snarky sports site Deadspin, backed by private equity, has mass exodus of reporters.

First Read begins the week with news that Jeff Bezos is close to losing his title as world's richest person to Bill Gates, auto marketplace ACV Auctions seeks to raise $150 million at a $1 billion valuation and auto marketplace ACV seeks to raise $150 mln.

First Read closes out the week with news that vaping deaths rises to 34, Twitter stock tanks and Softbank plans $5 bln write down on Vision Fund to reflect declining value of some of its largest holdings.

First Read kicks off the day with news that Apollo is acquiring a stake in Italian gaming company Gamenet, WeWork's new chairman says job cuts are coming, and BuySellsAds has bought Pando.

First Read begins the day with news that SoftBank takes control of WeWork as co-founder Neumann gets up to $1.7 billion to exit startup, Amazon declares war on dollar stores, and Aducanumab, the Alzheimer drug, may actually work.

First Read begins the day with news that Facebook suspends Russian Instagram accounts targeting U.S. voters, JPMorgan wants to hire people with criminal backgrounds, and Peter Thiel's Founders Fund is raising nearly $3 billion.

First Read begins the week with news that Oracle's co-CEO Mark Hurd passes way, J&J recalls about 33,000 bottles of baby powder due to asbestos concern, and Mitt Romney admits to being behind the "Pierre Delecto" Twitter account.

First Read kicks off the day with news that MGM Resorts is selling two Las Vegas casinos in a deal that's nearly $5 billion, a new report says there are 600,000 millennial millionaires in the U.S., and Meredith is shutting down Family Circle magazine.

First Read begins the day with news that Google debuts its Pixel 4 smartphone, elite MBA programs report a steep drop in applications, and MGM International is selling the Bellagio resort in Las Vegas to Blackstone.