Apr 10, 2019

Biden still plans 2020 announcement this month

Biden receives the lifetime achievement award from the National Minority Quality Forum's Summit on Health disparities, in D.C. last night. Photo: Alex Edelman/Getty Images

The "personal space" uproar has left Joe Biden undeterred: He plans to announce his White House run toward the end of April (likely after Easter, which falls April 21), friends say.

The big picture: "Joe knows the field will try to crush him once he announces and he is totally prepared for it," one associate said. The former vice president is planning a couple of big speeches after his announcement, to build a substantive bulwark aimed at defusing claims he's a man out of time.

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.