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Podcast: The New York Times' Nicole Perlroth on the cyber-weapons arms race

Last year's SolarWinds hack of U.S. government information was the latest escalation in a digital battle that is expected to worsen, playing out in a global black market where governments can buy tools to hack everything from laptop cameras to power grids.

Axios Re:Cap goes deeper with Nicole Perlroth, a New York Times cybersecurity reporter who just published a book called "This Is How They Tell Me The World Ends."

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Valuations for venture-backed companies at record highs

Valuations for U.S. venture-backed companies are at record highs, per data released this morning by PitchBook.

Between the lines: It's the new normal, in which nontraditional investors are traditional, unicorns are pigeons and startups are in the driver's seat.

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