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New York City mayor plans to shut down areas hardest hit by COVID-19

New York City Mayor Bill de Blasio announced on Sunday a plan to close nonessential businesses and schools in nine zip codes in Brooklyn and Queens, NBC New York reports.

Why it matters: It will mark the first time the city has backpedaled on reopening since the spring, when New York was the epicenter of the virus.


The big picture: The nine neighborhoods listed by de Blasio had a testing positivity rate of more than 3% over the week, per the New York Times, amid an uptick in cases in the city and state.

  • Gov. Andrew Cuomo tweeted that localities in the state "have not done an effective job of enforcement," and he said the state would begin conducting "aggressive enforcement."
  • Cuomo must approve de Blasio's plan before it can go into effect.

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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