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Photo: Justin Sullivan/Getty Images

Last week Apple began limiting how developers share information about iPhone owners’ contacts, per Bloomberg. This cuts out a practice that’s been used for years in which developers ask users for access to their phone contacts and sometimes use it for marketing purposes.

Why it matters: Sharing information about Facebook users’ friends without their explicit knowledge is what got Facebook in hot water with Cambridge Analytica in the first place. This move comes as Apple is looking to distance itself and its platform from the sorts of data abuse seen through Facebook's situation and the political backlash that comes with it.

The business: The newly-barred practice has occasionally been aimed at propping up revenue. The latest change also forbids selling those contact databases with third parties.

  • Apple has made very few changes to its rules on contact lists, per Bloomberg. There was one change Apple rolled out in 2012 to allow users to approve what data on contacts was uploaded by developers.

Be smart: Apple can’t change the fact that contact information has already been shared through this practice. Apple's CEO, Tim Cook, has been taking swipes at Facebook about user and data privacy, but this move on apps somewhat clashes with their expressed values.

The surprise: Apple made several other changes to its App Store rules last week at its annual developer conference — including banning cryptocurrency mining, changing its stance on free trials, and limiting tracking of web browsing — but this announcement of data sharing restrictions wasn’t made public at the conference.

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

3 hours ago - Health

Moderna says COVID vaccine shows strong immune response in kids

Photo: Martin Galindo/Long Visual Press/Universal Images Group via Getty Images

Moderna on Monday released trial results for its coronavirus vaccine for children aged 6 to 11, saying it provides a "robust" immune response after two doses.

Why it matters: Moderna said it will officially submit the results to the Food and Drug Administration for authorization in "the near term," meaning we could soon see two coronavirus vaccines available to protect approximately 28 million more kids in the U.S.