Some say Silicon Valley has peaked, with some venture capitalists shifting attention to new opportunities in the Midwest, the New York Times reported earlier this month. Axios’ Dan Primack explains why investors aren't likely to abandon the Bay Area, while Revolution’s Steve Case explains why the middle of the country is starting to catch the eyes of investors and entrepreneurs alike.
President Trump spoke out against a "merciless campaign" to wipe out American history during a Fourth of July celebration at Mount Rushmore.
Why it matters: Trump's "dark and divisive" speech comes as states continue to hit new coronavirus records and a national reckoning against racial inequities pushes forward, The New York Times writes. Trump's public approval is faltering heading toward the November elections, and he made an appeal to his base at Friday's spectacle, per The Washington Post.
Illustration: Annelise Capossela/Axios
Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.
Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.
Illustration: Aïda Amer/Axios