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Reid Hoffman. Photo: Kimberly White/Getty Images for New York Times

Venture capitalist and LinkedIn founder Reid Hoffman apologized Thursday in an exclusive statement to Axios for his role in Jeffrey Epstein's societal rehabilitation after his sex crimes conviction

Why it matters: We've spent lots of time castigating Leon Black for his continued relationship with Epstein, but have neglected to mention how Hoffman also played a role in Epstein's attempts to rehab his image.

  • For example, Hoffman invited Epstein to a high-powered Silicon Valley dinner in 2015, where other guests included Mark Zuckerberg, Elon Musk, and Peter Thiel.

What he said: "I helped to repair his reputation and perpetuate injustice. For this, I am deeply regretful."

The big picture: Hoffman also drove another bus over former MIT Media Lab boss Joi Ito, saying that Ito had assured him that Epstein had cleared MIT's vetting process. Even if so, it's unclear why that would have outweighed Epstein's guilty plea from years earlier.

Go deeper: MIT and Jeffrey Epstein's billionaire enablers

Go deeper

Updated 9 hours ago - Politics & Policy

U.S. sounds alarm on Ukraine

Conscripts line up at a Russian railway station yesterday before departing for Army service. Photo: Sergei Malgavko/TASS via Getty Images

The Biden administration is "deeply concerned" by new intelligence — detailed for Axios and other outlets — showing Russia stepping up preparations to invade Ukraine as soon as early 2022.

Why it matters: Most of this was known from public sources and satellite imagery, but the administration is sending a stronger signal by releasing specific details from the intelligence community.

10 hours ago - Economy & Business

CNN fires Chris Cuomo

Photo: Kevin Mazur/Getty Images for CNN

CNN said Saturday evening it has fired one of its star anchors, Chris Cuomo, following new revelations from a legal review made by the company into Cuomo's involvement in the management of his brother's sexual harassment scandal.

Why it matters: Saturday's firing speaks to how much pressure CNN was under by employees and critics to address Cuomo's behavior.

Updated 11 hours ago - Energy & Environment

Electric car prices could go up before they come down

Illustration: Eniola Odetunde/Axios

The secret to affordable electric vehicles is cheaper batteries. But after years of falling prices, battery costs are now headed in the wrong direction.

Why it matters: Costlier batteries could drive up the price of electric vehicles — threatening the auto industry's transition away from fossil fuels, and, in turn, society's fight against climate change.