I have a mealy bug infestation of epic proportions on the Live Oak in my front yard. The trunk is about 2 feet in diameter and the tree is probably 50 feet tall. The trunk is dotted with fuzzy white bugs and scaly, I don't know, eggs? But all the underbranches are completely white with eggs and bugs. They are also on the leaves. Despite this, the tree has new growth at the ends of branches and has had no significant leaf drop.

How do I address this infestation? My specific questions are 1) Will the mealy bugs spread to other trees? 2)Do I need to get rid of them, and if so, how?

Thank you so much for any help!