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Jan. 6 riot caused at least $1.5 million worth of damage to the Capitol, prosecutors say

The Jan. 6 insurrection caused at least $1.5 million worth of damage to the Capitol, Prosecutor Mona Sedky said during a court proceeding Wednesday, according the Washington Post.

Why it matters: More than 450 people have been charged so far over their alleged participation in the deadly Capitol riot. Prosecutors want some to contribute restitution payments for the damages as part of plea deals, the Post reported.


  • The $1.5 million estimate is the first time prosecutors have publicly put a figure on the cost of the Jan. 6 Capitol riot, which left five people dead.

The big picture: Prosecutors involved in the case are "seeking to require restitution of $2,000 in each felony case and $500 in each misdemeanor case," reports the Post.

  • According to federal law, restitution can be negotiated "pursuant to a plea agreement," and it is possible to divvy up liability among the defendants. However the exact terms under which such an agreement could be reached have not been yet been determined, the Post noted.

The state of play: Paul Allard Hodgkins on Wednesday became the second person to plead guilty to charges stemming from the insurrection.

  • Hodgkins' attorney asked the judge to waive a "$7,500 to $75,000 fine because his client also agreed to pay $2,000 in restitution for his share of riot damage to the Capitol," according to the Post.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

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Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

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"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

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What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

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