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The Travis County Sheriff's Office in Austin, Texas, announced that no injuries or deaths resulted from five boats sinking at a Trump boat parade on Lake Travis on Saturday, and that there is "no evidence of foul play."

The big picture: The sheriff's office said it responded to 15 "distress calls" after waves generated by the large number of boats moving together caused several vessels to be swamped by water. Three of the boats that sank were towed out and two remain submerged.

What they're saying:

"At 12:00 pm on Saturday, September 5, 2020, a boat parade in support of President Trump got underway on Lake Travis. ...
Almost immediately upon the parade going into motion, TCSO began receiving distress calls from boaters. The first call came in at 12:15 pm, and the last distress call associated with the parade came in a 1:53 pm. The distress calls varied and included: boats taking on water, stalled engines, capsized boats and boats sinking. TCSO responded to 15 distress calls and received three additional reports of boats taking on water from a local towing company.
According to reports received by TCSO, five boats sank during the event. Three were tore out and two remain submerged. All the distress calls were resolved without injury or loss of life. Most boats that were taking on water, or even fully submerged, were able to be hooked up and towed before they sank to the bottom of the lake.
Weather conditions on Lake Travis were calm. When the large number of boats began moving together, the wakes generated large waves in areas where participating boats were dense. TCSO has found no evidence of foul play associated with any of the incidents."

Go deeper

Several vessels sink at Trump boat parade on Texas lake

Officers responded to "multiple calls involving boats in distress during the Trump parade" on Lake Travis in Texas Saturday, Travis County Sheriff's Office said, adding, "Several boats did sink."

The big picture: A sheriff’s office spokesperson noted there were no adverse weather conditions and no foul play was suspected, but an investigation into the incident had begun, per AP. It was one of several boat rallies in the U.S. supporting President Trump Saturday. Chris Molla, who organized a New Jersey event supporting police officers, veterans and Trump, told Fox News they hoped to break the Guinness World Record for the largest boat parade.

FTC releases findings on how Big Tech eats little tech

Photo illustration: Sarah Grillo/Axios. Photo: An Rong Xu/Washington Post via Getty Images

Federal Trade Commission chair Lina Khan signaled changes are on the way in how the agency scrutinizes acquisitions after revealing the results of a study of a decade's worth of Big Tech company deals that weren't reported to the agency.

Why it matters: Tech's business ecosystem is built on giant companies buying up small startups, but the message from the antitrust agency this week could chill mergers and acquisitions in the sector.

First look: Biden's economic case for green cards

Photo: Win McNamee/Getty Images

The White House Council of Economic Advisors (CEA) is promoting the economic benefits and costs of providing green cards to millions of unauthorized immigrants in a blogpost being released on Friday, according to a draft provided to Axios.

Why it matters: The post comes as the fate of millions of immigrants, including those with Temporary Protected Status or DACA protections, rests with Congress — and the Senate parliamentarian.