Mar 17, 2019

Kirsten Gillibrand officially enters 2020 presidential race

Sen. Kirsten Gillibrand. Photo: Steve Pope/Getty Images

Sen. Kirsten Gillibrand (D-N.Y.) officially announced her candidacy for the 2020 Democratic nomination on Sunday with a campaign video titled "Brave Wins."

The big picture: Gillibrand, who announced an exploratory committee in January and has visited a number of key early voter states, is the 14th Democrat and the 6th woman to enter the race. Her announcement video singled out President Trump for using fear to pit people against one another, and argued that American bravery can help the country achieve progressive proposals like universal health care, paid family leave for all and a Green New Deal.

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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.