Photo: Craig Barritt/Getty Images for Tory Burch Foundation

The coronavirus pandemic could be the tipping point to reverse brain drain from the Midwest, Steve Case, AOL co-founder and venture capitalist, predicted Tuesday at an Axios event.

What he's saying: "So the question that we look for is how can we keep some of that talent in place, slow the brain drain and actually create a bit of a boomerang of people returning? And I think this crisis may be a tipping point. There are a lot of people who are rethinking things and using this as an opportunity to take a step back and reflect."

  • "The next wave of innovation isn't going to be about just apps on your phone. It's going to be about better ways to teach. It's going to be about better ways to deliver health care, food, agriculture."

The big picture: Case also emphasized that nearly 75% of all venture capital funding goes to three states: New York, California and Massachusetts.

  • "We can't lose sight of the fact that startups really create the jobs. ... Essentially all job creation comes from young startups. Not from big companies or small businesses."
  • "As a result, people with that entrepreneurial mindset, not just the tech sector, but other folks, startup sectors tend to go to the coast. So if we want to create jobs everywhere, we want to level the playing field in terms of opportunities."

Go deeper: The coronavirus' domino effect on startup layoffs

Go deeper

Cleanup on aisle Biden

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

After two gaffes and a low blow from President Trump questioning his faith, Joe Biden spent Thursday evening off his own message — clarifying comments and responding to attacks.

Why it matters: Biden’s responses reflect what we could see a lot more of in the next few months — cringeworthy comments and Trump smears, smacking into each other and pulling the Democrat off course.

2020 election strategy: Hire all the lawyers

Illustration: Eniola Odetunde/Axios

The coronavirus has sent overall U.S. unemployment into the double digits — but it's a sort of full-employment act for election law attorneys.

The big picture: The prospect of extended court fights over COVID-19-related voting changes, an absentee ballot avalanche, foreign interference and contested presidential results has prompted a hire-all-the-lawyers binge by candidates and campaigns — not just in swing states but around the country.

Right-wing media defanged by dissolving anti-Biden storylines

Data: NewsWhip; Chart: Naema Ahmed/Axios

The three biggest anti-Joe Biden storylines in right-wing media over the last year have either fizzled or are getting less online traction than they used to, according to data from NewsWhip provided exclusively to Axios.

Why it matters: This dynamic has rendered a formidable media ecosystem less effective in boosting President Trump as we move into the heart of the 2020 campaign.