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Jay-Z performing last week in Scotland. Photo by Kevin Mazur/Getty Images For Parkwood Entertainment.

Jay-Z and Roc Nation president Jay Brown have partnered with Silicon Valley venture capitalist Larry Marcus — whose investments have included Pandora and SoundHound— on a new investment platform called Marcy Venture Partners, according to regulatory filings in California.

Background: Last year we reported that the "Jays" were launching a VC firm in partnership with Sherpa Capital, but it was put on hold amid troubles at Sherpa and Roc Nation launching its own startup platform. Now the plan seems to be back, although Marcus declined comment.

Go deeper

4 mins ago - Axios Twin Cities

Brooklyn Center mayor in the spotlight after Daunte Wright shooting

Mike Elliott has moved swiftly after the death of Daunte Wright. Photo: Kerem Yucel/AFP via Getty Images)

The killing of Daunte Wright by a Brooklyn Center, Minn., police officer has thrust Mayor Mike Elliott into the national spotlight.

The big picture: Elliott, with the backing of the city council, has acted quickly and boldly in the wake of the shooting. He fired longtime city manager Curt Boganey, took control of the police department and called for the firing of officer Kim Potter, who resigned on Tuesday.

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.

2 hours ago - Health

The new vaccine threat is fear itself

Illustration: Sarah Grillo/Axios

The FDA’s decision to pause the use of Johnson & Johnson's coronavirus vaccine has set off a chain reaction of fear — about the safety of the vaccine, and about whether the FDA is overreacting — that's causing unnecessary drama just as the vaccine effort is finally picking up speed.

The big picture: Throughout the pandemic, the public and the media, and sometimes even regulators, have struggled to keep risks in perspective — to acknowledge them without exaggerating them, and to avoid downplaying them because other people will exaggerate them.