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Tim Cook calls for more privacy regulation

Tim Cook. Photo: Qi Heng/VCG via Getty Images

Apple CEO Tim Cook told HBO's "Vice News Tonight" that it’s time for the government to regulate privacy, even though regulation will be shaped by a Congress that’s not particularly tech-savvy:

"I'm not a pro-regulation kind of person. I believe in the free market deeply ... But I think you have to recognize when the free market doesn't produce the result that’s great for society. You have to ask yourself: What do we need to do? And I think some level of government regulation is important to come out of that."
  • Separating Apple from Facebook and Google, Cook said: "We're not in the business of building the detailed profile of you ... The way we go into product design, we challenge ourselves to collect as little as possible. And when we have it, we challenge ourselves to encrypt it in the end."
  • YouTube.

P.S. ... The International Conference of Data Protection and Privacy Commissioners (that's the international privacy regulators association) announced this morning that Cook will kick off the group's annual conference in Brussels on Oct. 24.

Go deeper

Oriana Gonzalez
1 hour ago - Health

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) announced a new COVID vaccine mandate for private companies during a Monday interview with MSNBC's "Morning Joe."

Why it matters: De Blasio said it was a "first-in-the-nation measure" and will go into effect starting Dec. 27.

Go deeper (1 min. read)Arrow
Hope King
4 hours ago - Economy & Business

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent. 

Go deeper (2 min. read)Arrow
Bob Herman
4 hours ago - Health
Axios Investigates

Documents reveal the secrecy of America's drug pricing matrix

Illustration: Aïda Amer/Axios

American businesses spend hundreds of billions of dollars a year on prescription drugs, and the bills keep getting bigger. But some of the companies promising to help rein in those costs prevent employers from looking under the hood.

Why it matters: Documents provided to Axios reveal a new layer of secrecy within the maze of American drug pricing — one in which firms that manage drug coverage for hundreds of employers, representing millions of workers, obscure the details of their work and make it difficult to figure out whether they're actually providing a good deal.

Go deeper (2 min. read)Arrow