Sep 29, 2018

Congo's Ebola outbreak has "very high" risk of spreading

Health workers carry out the body of a patient in Congo with unconfirmed Ebola virus. Photo: John Wessels/AFP/Getty Images.

The World Health Organization classified Ebola's spread from Democratic Republic of the Congo "very high," Saturday as two confirmed cased were discovered near Uganda's border, the Associated Press reports.

Why it matters: The outbreak in northeastern Congo is far more threatening than one earlier reported in August due to the largely dense urban population and rebel threat. As of Friday, 124 Ebola cases were confirmed with 71 deaths. Go deeper: WHO warns renewed violence in Congo endangers Ebola efforts

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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.