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Trump's campaign manager Bill Stepien has tested positive for COVID-19

President Trump's campaign manager Bill Stepien tested positive for the coronavirus on Friday and plans to quarantine until he recovers but will continue to control the campaign remotely, Tim Murtaugh, communications director for the campaign, confirms to Axios.

Why it matters: Stepien's diagnosis, which comes 32 days before Election Day, is yet another blow to the president's reelection efforts and was revealed the same day that Republican National Committee chair Ronna McDaniel tested positive for COVID-19.

The big picture: Deputy Campaign Manager Justin Clark is expected to oversee the Trump team’s Arlington, Virginia, headquarters as Stepien works remotely, Politico reports.

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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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