Dec 20, 2017

Breitbart EIC claims they backed Moore to protect Trump

Breitbart News executive chairman Steve Bannon stumped for Roy Moore. Photo: Scott Olson / Getty Images

Breitbart News editor-in-chief Alex Marlow told CNN that his website's attempts to discredit the sexual assault allegations against Roy Moore aimed to protect President Trump against similar claims. Marlow said, "I think part of it is because it's not just about Judge Moore, it is not even just about establishment, anti-establishment. It's about what's coming next for President Trump."

Marlow further blamed mainstream media coverage of the Moore allegations for creating an environment that left Trump vulnerable:

"I think they want to create a standard where President Trump either from past or future accusations, will not be able to match whatever standard is now in place for who can be a United States senator. Based off not any sort of conviction or any sort of admission of guilt, but based off of purely allegations."

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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.