A sign for Google Bus near Silicon Valley. Photo: Smith Collection/Gado/Getty Images

The rising cost of living in Silicon Valley is pushing startups out, the Economist reports, and re-focusing innovation in new cities around the country.

The big picture: While the cost of living in the Bay area, which is among the highest in the world, is the leading reason for why tech companies are ditching the Valley, companies are also citing the need for greater diversity, something the Valley lacks, and the "dominance of tech giants." Whatever their reason, 46% of respondents in an Economist survey say they have plans to leave the area in the next few years, up 12% from 2016.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6 p.m. ET: 11,921,616 — Total deaths: 546,318 — Total recoveries — 6,506,408Map.
  2. U.S.: Total confirmed cases as of 6 p.m. ET: 3,035,231 — Total deaths: 132,042 — Total recoveries: 936,476 — Total tested: 36,878,106Map.
  3. Public health: Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.
1 hour ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.

Tulsa health official: Trump rally "likely contributed" to coronavirus spike

President Trump speaks at his campaign rally in Tulsa, Okla. on June 20, 2020. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump's campaign rally and related protests in Tulsa in late June "more than likely" contributed to the area's recent surge in confirmed coronavirus cases, Tulsa City-County Health Department Director Dr. Bruce Dart said Wednesday.

Why it matters: Public health officials, including Dart himself, had urged the campaign to postpone the rally, fearing that a large indoor gathering with few people wearing masks could accelerate the spread of the virus.