Updated Oct 27, 2018

DOJ: Charges against Pittsburgh shooter could lead to death penalty

Rapid reaction SWAT members leave the scene of a mass shooting at the Tree of Life Synagogue. Photo: Jeff Swensen/Getty Images

Attorney General Jeff Sessions responded Saturday afternoon to the shooting at the Tree of Life synagogue in Pittsburgh that took the lives of 11 people, and explained "the Department of Justice will file hate crimes and other criminal charges against the defendant, including charges that could lead to the death penalty."

The big picture: Earlier Saturday, President Trump called to "stiffen up" death penalty laws and said people who commit such crimes should "pay the ultimate price." The gunman had posted anti-semitic messages to social media just prior to entering the synagogue saying, "I can't sit by and watch my people get slaughtered. Screw your optics I'm going in," on social media just minutes before the shooting," CNN reports. The gunman was wounded during the event and has been hospitalized, his condition is unclear.

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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.