chris@arsenalvp.com

First Read kicks off the day with news that Italian yacht-maker Sanlorenzo is expected to launch an IPO in October, the Federal Reserve cuts rates by a quarter point, and U.S. Navy confirms that leaked videos do capture UFO sightings.

First Read starts the day with news that CD&R has teamed up with PPG to bid on Axalta, WeWork is expected to postpone its IPO, and the New York Fed spent $53 billion to rescue the overnight lending market.

This week’s jobs include a director spot at Highland Capital, an M&A manager for West Monroe and analysts/associates at Draper Associates.

This week’s jobs include associate spots at Livingston Street Capital, CPPIB and Ares.

This week’s jobs include directors at PNC and Invesco and an investment officer at New York State Teachers Retirement System.

First Read begins the new week with news that President Trump orders U.S. companies doing business in China to relocate elsewhere after Beijing unveils new tariffs on U.S. goods, VMware acquires Carbon Black for $2.1 billion and Pivotal for $2.7 billion, and toymaker Hasbro now owns Death Row records.

Magenta Medical, an Israeli developer of heart failure solutions, has raised an undisclosed amount of funding. New Enterprise Associates led the round.

Davis, California-based Sierra Energy, a waste gasification company, has secured $33 million in funding. Breakthrough Energy Ventures led the round with participation from other investors that included Cox Enterprises.

Morpheus Ventures is seeking to raise $200 million for its second fund, according to an SEC filing. The Sherman Oaks, California-based venture firm targets early-stage tech firms.

New York City and Tel Aviv-based Minute.ly, an AI-driven video enhancement company, has secured $8 million in financing. The investors included Ansonia Holdings.