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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.

Updated 55 mins ago - Economy & Business

Hybrid work now dominates the knowledge economy

llustration: Eniola Odetunde/Axios

For the first time since the start of the pandemic, most knowledge workers are in hybrid work arrangements, partly remote and partly in-office, a new survey finds.

By the numbers: 58% said they now work this way, in a survey of around 10,000 knowledge workers from the U.S., Europe, Australia and Japan, conducted last November by Future Forum, a research group backed by Slack.

Rents hit all-time high

Data: Zumper; Chart: Axios Visuals

The national median price of a one-bedroom rental apartment in January was up 12% year-over-year, to $1,374 — an all-time high, per Zumper, an online apartment rental site.

Why it matters: Inflation is taking a bigger bite out of people's paychecks these days not only in food and gasoline, but also in housing costs.