Sep 20, 2018

E. coli outbreak triggers ground beef recall

Ground beef. Photo: Thomas Trutschel/Photothek via Getty Images

A ground beef recall has been issued by Cargill Meat Solutions as 132,606 pounds of ground beef are believed to be contaminated with E. coli, the United States Department of Agriculture announced on Thursday.

The details: An investigation concluded that 17 illnesses and one death between July 5 and July 25 were linked to the raw ground beef that was made from the chuck portion of the carcass. According to the USDA, most people who are infected experience diarrhea and vomiting but recover within a week.

What it is: E. coli are a group of diverse bacteria found in the environment, foods and the intestines of people and animals. Most strains are harmless, but some cause illnesses such as diarrhea, pneumonia, urinary tract infections and more, according to the Center for Disease Control.

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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.