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One of the hottest parties of inauguration week will bring together guests from the incoming and outgoing administrations, plus a host of media heavyweights.

Axios, the much-anticipated new media venture from Politico co-founder Jim VandeHei and Mike Allen, creator of its popular Playbook newsletter, will launch this week with a party at an undisclosed downtown DC venue.

Guests expected include top Donald Trump adviser Kellyanne Conway, House Majority Leader Kevin McCarthy, President Obama’s senior adviser Valerie Jarrett, incoming National Economic Council chief Gary Cohn, filmmaker Perri Peltz, p.r. guru Matthew Hiltzik, outgoing White House press secretary Josh Earnest, ex-Hillary Clinton communications chief Jen Palmieri and President George W. Bush’s adviser Dan Bartlett.

Big media names expected include “Morning Joe” hosts Joe Scarborough and Mika Brzezinski, ABC’s Martha Raddatz, NBC’s “Meet the Press” host Chuck Todd and CNN’s Jake Tapper.

We’re told that Axios has been funded by heavyweights including Laurene Powell Jobs, NBC (NBC News President Andy Lack will sit on the board), Alan Patricof, Steve Rattner, Greg Penner and Ken Lerer. Focusing on business, technology, politics and media trends, Axios (“worthy” in Greek) will launch Wednesday with a big story, we’re told.