Tom Frangione has stepped down as chief operating officer of Greylock Partners, after the Silicon Valley venture capital firm learned of an undisclosed relationship with another employee, Axios has learned. The Information was first with the news of his departure.

Bottom line: The relationship was consensual, but still viewed by Greylock as "inappropriate," per a source.

Bio: Frangione had been Greylock's COO for the past seven years, before which he was CEO of tech companies Simply Continuous and Telephia. He has not yet returned as request for comment.

Context: Greylock partner Reid Hoffman authored a "Decency Pledge" after revelations of sexual harassment and other inappropriate behavior by Silicon Valley venture capitalists. Included in his explanation, Hoffman wrote:

If a manager propositions his employee and defends his behavior by suggesting it's just "two consenting adults," what do we think? Outrageous and immoral behavior that ignores the power relationship.

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Biden releases 2019 tax returns ahead of debate

Photo: Alex Wong/Getty Images

Joe Biden's campaign released his 2019 tax returns on Tuesday, showing that he and his wife, Jill, paid nearly $300,000 in federal taxes last year.

Why it matters: The release, timed just hours before the first presidential debate, comes days after a bombshell New York Times report said that President Trump paid only $750 in federal taxes in 2016 and 2017. Biden's team is hoping to make the tax contrast a sticking point during their showdown.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 33,443,701 — Total deaths: 1,003,337 — Total recoveries: 23,200,183Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 7,159,222 — Total deaths: 205,345 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Health: Americans won't take Trump's word on the vaccine, Axios-Ipsos poll finds.
  4. States: NYC's coronavirus positivity rate spikes to highest since June.
  5. Sports: Tennessee Titans close facility amid NFL's first coronavirus outbreak.
  6. World: U.K. beats previous record for new coronavirus cases.

NYC's coronavirus positivity rate spikes to highest since June

New York Mayor Bill de Blasio. Photo: Noam Galai/Getty Images

New York City's coronavirus positivity rate has ticked up to 3.25%, its highest since June, Mayor Bill de Blasio said at a news conference on Tuesday.

Why it matters: The jump — from 1.93% on Monday — came on the first day that public elementary classrooms reopened in the city after months of closures, but guidelines state that all public schools will have to shut if the citywide seven-day positivity rate stays above 3%.