Sep 19, 2018

Report: Goldman Sachs close to deal to spin off Simon app

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Several banks — including JPMorgan Chase, Barclays, HSBC and Wells Fargo — are reportedly in advanced talks to take stakes in Goldman Sachs' Simon app, an online tool that facilitates the sale of investment products, the Wall Street Journal reports.

Why it matters: Goldman Sachs hasn't kept its internal technology as close to the chest in recent years. This deal, which was first reported last year and values Simon at about $100 million, is an example of the firm further monetizing software that was originally intended for internal use.

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Supreme Court to hear Philadelphia case over same-sex foster parents

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The Supreme Court agreed Monday to hear a high-profile case that could reshape the bounds of First Amendment protections for religion.

Why it matters: The direct question in this case is whether Philadelphia had the right to cancel a contract with an adoption agency that refused to place foster children with same-sex couples. It also poses bigger questions that could lead the court to overturn a key precedent and carve out new protections for religious organizations.

Why Apple may move to open iOS

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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.