Hi, I'm Dan Pramak and welcome to Axios Recap.

Today's Tuesday, July 7th.

The Dow is down, Amazon's tax bill is going up, and we're focused on what dominoes fall next in the Jeffrey Epstein saga.

Earlier today, New York regulators fined Deutsche Bank $150 million for, quote,

significant compliance failures related to its business dealings with Jeffrey Epstein.

It was the first such enforcement action against any financial institution related to the late pedophile financier, but it may not be the last.

That's because the Deutsche Bank fine comes just five days after longtime Epstein confidant,

Galeen Maxwell was arrested in New Hampshire, and one day after she was transferred to a New York

City jail cell, one that probably has more cameras and security than does a Swiss bank. Now, Maxwell is

being charged for her alleged role in sex trafficking, but because of her close relationship

with Epstein, she's believed to perhaps have more information about which of Epstein's financial

relationships were strictly business and which were something more, something worse. When Epstein died in prison

last year, there were lots of news reports about how certain tycoons were breathing a sigh of

relief. Maxwell's arrest, though, means there could be some very sleepless nights this summer

in the Hamptons. In 15 seconds, we'll dig deeper with business insiders Megan Morris, who has been writing for the past year on Epstein's business ties.

But first, this.

We're joined now by Megan Morris, senior finance reporter for business insider.

Let's start here.

Jeffrey Epstein obviously had lots of connections on Wall Street, both socially and

professionally. Is there reason to believe that some of these relationships went beyond seeing

somebody at a cocktail party or maybe helping them manage their taxes? We have uncovered in the

last year about Jeffrey Epstein's finances

...