Sep 18, 2018

Republicans trail Democrats in Arizona, Tennessee Senate races

Photo: Visions of America/UIG via Getty Images

Two new CNN polls released Monday show Democratic candidates leading Republicans in Senate races in Arizona and Tennessee — two crucial states that Democrats hope to flip in November.

By the numbers: In Arizona, Democratic Rep. Kyrsten Sinema is leading Rep. Martha McSally by seven percentage points, 50% to 43%. And in Tennessee, former Gov. Phil Bredesen has a five-point edge on Rep. Marsha Blackburn— 50% to 45%.

Go deeper

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.