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Trump-backed Mike Carey wins GOP primary in Ohio's 15th district

Coal lobbyist Mike Care won the Republican nomination for Ohio's 15th congressional district on Tuesday, AP reports.

Why it matters: Carey became the favorite in the race after former President Trump endorsed him in June. The seat was previously held by Steve Stivers, who left in May to become president and CEO of the Ohio Chamber of Commerce.


  • After resigning, Stivers endorsed a different candidate, state Rep. Jeff LaRe, to be his successor.

What to watch: The general election will be held on Nov. 2.

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Valuations for venture-backed companies at record highs

Valuations for U.S. venture-backed companies are at record highs, per data released this morning by PitchBook.

Between the lines: It's the new normal, in which nontraditional investors are traditional, unicorns are pigeons and startups are in the driver's seat.

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