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Illustration: Sarah Grillo/Axios

Wall Street billionaire Leon Black expressed remorse for his personal business and philanthropic relationship with Jeffrey Epstein on Monday in a letter sent to investors and obtained by Axios.

Driving the news: Black's letter follows a bombshell New York Times report that revealed that ties between Black, co-founder and CEO of Apollo Global Management, and Epstein were deeper than previously disclosed, including upward of $75 million changing hands.

In the letter to limited partners in Apollo funds, Black reiterated past statements that Epstein was never involved in Apollo business and that he engaged Epstein in "estate planning, tax and philanthropic endeavors."

  • Black also wrote that his family was with him during a visit to Epstein's infamous island estate and that he occasionally met at Epstein's townhouse because Epstein didn't maintain a separate office.
  • He also said he will cooperate with all legal inquiries into Epstein.

Read the letter.

Go deeper: Axios Re:Cap podcast talks to NY Times business reporter Matthew Goldstein about today's bombshell report. Listen here.

Go deeper

Exclusive: Biden ads court young Black men in final campaign stretch

Photo: Screengrab via YouTube/Joe Biden

The Biden campaign is releasing five ads on Tuesday targeting millennial Black men in 16 battleground states.

Why it matters: Black voters overwhelmingly prefer Democrat Joe Biden, but President Trump actually is earning more support nationally from Black men than he received in 2016 — 17%, up from 14%. Biden is pushing to halt the trend and maximize his own turnout, which could make a difference in tight contests.

Updated 14 mins ago - Politics & Policy

3 killed, 2 wounded overnight in Kenosha bar shooting

Three people died and two others were hospitalized with serious injuries after a gunman entered bar in Kenosha County, Wisconsin, the police department said in a statement on Sunday.

The latest: Officers arrested a "person of interest" Sunday afternoon in connection with the 12:42 a.m. shooting and there's "no threat to the community at this time," per a later police statement.

Updated 51 mins ago - Sports

Big European soccer teams announce breakaway league

Liverpool's Mohamed Salah (L) after striking the ball during the UEFA Champions League Quarter Final Second Leg match between Liverpool F.C. and Real Madrid at Anfield in Liverpool, England, last Wednesday. Photo: John Powell/Liverpool FC via Getty Images

12 of world soccer's biggest and richest clubs announced Sunday they've formed a breakaway European "Super League" — with clubs Manchester United, Liverpool, Barcelona Real Madrid, Juventus and A.C. Milan among those to sign up.

Why it matters: The prime ministers of the U.K. and Italy are among those to express concern at the move — which marks a massive overhaul of the sport's structure and finances, and it effectively ends the decades-old UEFA Champions League's run as the top tournament for European soccer.