Evan Vucci / AP

Fresh off his White House exit, Steve Bannon is back at Breitbart News.

Why it matters, as Axios' Jonathan Swan reported earlier, Bannon has told associates Breitbart is his "killing machine" and that he's ready to go "thermonuclear" with the "globalists" upon his exit from the White House.

  • "The populist-nationalist movement got a lot stronger today... Breitbart gained an executive chairman with his finger on the pulse of the Trump agenda," Per Breitbart editor Alex Marlow.
  • Magnitude: As far as information traveling goes, Breitbart beat out Fox News by about three times, according to Harvard's Yochai Benkler and MIT's Ethan Zuckerman. Read more via NYT Magazine.

Keep in mind Bannon's past leadership at Breitbart, as NYT's Michael R. Grynbaum and Jeremy W. Peters write: "Bannon's tenure as chairman of Breitbart coincided with the site's move to the epicenter of the nationalist brand of right-wing conservatism that swept Mr. Trump into office last year."

Flashback to Bannon striking out at the media while serving under Trump, calling it "the opposition party," and telling the media to "keep its mouth shut."

Go deeper on Bannon's departure with Jonathan Swan, here.

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BodyArmor takes aim at Gatorade's sports drink dominance

Illustration: Eniola Odetunde/Axios

BodyArmor is making noise in the sports drink market, announcing seven new athlete partnerships last week, including Christian McCaffrey, Sabrina Ionescu and Ronald Acuña Jr.

Why it matters: It wants to market itself as a worthy challenger to the throne that Gatorade has occupied for nearly six decades.

S&P 500's historic rebound leaves investors divided on future

Data: Money.net; Chart: Axios Visuals

The S&P 500 nearly closed at an all-time high on Wednesday and remains poised to go from peak to trough to peak in less than half a year.

By the numbers: Since hitting its low on March 23, the S&P has risen about 50%, with more than 40 of its members doubling, according to Bloomberg. The $12 trillion dollars of share value that vanished in late March has almost completely returned.

Newsrooms abandoned as pandemic drags on

Illustration: Sarah Grillo/Axios

Facing enormous financial pressure and uncertainty around reopenings, media companies are giving up on their years-long building leases for more permanent work-from-home structures. Others are letting employees work remotely for the foreseeable future.

Why it matters: Real estate is often the most expensive asset that media companies own. And for companies that don't own their space, it's often the biggest expense.