Apr 2, 2018

Trump comes to Sinclair's defense by mocking CNN and NBC

Dozens of Sinclair-owned stations reading a centrally prepared op-ed. Screenshot: Deadspin.com

President Donald Trump came to the defense of Sinclair Broadcast Group on Monday by tweeting that it was "far superior" to NBC and CNN.

What prompted this tweet: CNN reported that the network was forcing conservative, pro-Trump editorials on its reporters, and Deadspin created a video of Sinclair broadcasters spurning "fake news" over the weekend.

Go deeper: Ina Fried has more details on the video and Sinclair in her Login newsletter.

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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.