Mar 25, 2017

Trump: Don't worry, "Obamacare will explode"

Not to worry, Freedom Caucus! President Trump isn't tweetstorming you this morning. And he isn't going after House Speaker Paul Ryan, either. Here's all he has tweeted about the collapse of Trumpcare:

It's a sign that Trump is sticking to the scenario he laid out yesterday after the House pulled the bill: Democrats will come crawling back to us. So far, they haven't, but we will keep you posted if it happens.

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.