Photo: David Maialetti-Pool via Getty Images

Actor and convicted sex offender Bill Cosby has been sentenced by a Pennsylvania judge to three to 10 years in state prison.

The details: Cosby was denied bail and ordered to be jailed immediately, per the AP. In addition to the prison sentence, the judge declared Cosby "a sexually violent predator," meaning he must undergo lifetime counseling, appear on a sex offender registry and report quarterly to authorities.

The backdrop: The 81-year-old comedian was convicted in April on three counts of aggravated assault for drugging and sexually assaulting a woman in 2004. He has been accused of sexual misconduct or rape by more than 60 women, but none of the other allegations have resulted in criminal charges.

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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.