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The market for mental wellness products and services is booming, as the pandemic has gotten on just about everyone's last nerve.

Axios Re:Cap goes deeper with Michael Acton Smith, co-founder and co-CEO of meditation app Calm, which was just valued at $2 billion. The discussion includes how mental wellness differs from mental health, the B2B of the industry and those election night ads on CNN.

Go deeper

Updated Dec 15, 2020 - Axios Events

Watch: Fitness and fighting infections

On Tuesday, December 16 Axios' Kendall Baker hosted a conversation on how the pandemic-enforced lockdown has affected fitness and mental health, featuring former Surgeon General Richard Carmona and Long Beach, Calif. Mayor Robert Garcia.

Richard Carmona advocated for gyms that follow strict coronavirus mitigation strategies to be allowed to stay open, and discussed the importance of physical fitness on mental wellbeing.

  • On keeping gyms open: "I think when those best public health practices can be applied, we should consider letting those facilities stay open when possible based on epidemiologic data. People need that social connection...mental health and physical health are connected inextricably."
  • On the connection between physical and mental health: "We should do everything we can to stay connected and continue moving. It helps our immune system as well as our mind and our body, and helps to offset mental health problems like depression."

Mayor Robert Garcia unpacked the impact of the coronavirus pandemic and small business closures on the fitness industry, and highlighted Long Beach, California's $5 million fund for gyms and other personal care businesses.

  • On the financial impact on gyms: "This is an industry that's been hit very, very hard...[the fund] will go directly to these gyms so they can bridge those months they've been closed on the rent, or have some dollars to back up get started. It's critical that we support them."

Axios CEO and co-founder Jim VandeHei hosted a View from the Top segment with Planet Fitness CEO Chris Rondeau, who discussed the challenge of gyms being classified with other hospitality industry venues like clubs and bars during lockdowns and the importance of fitness as a part of public health.

  • "I think, unfortunately, we're lumped in with bars and restaurants and even movie theaters. We really need to get ourselves out of that arena and make sure they look at us as really part of wellness, mental health, and physical health as well. But it's been a struggle. But I think the data we're starting to produce now, showing them how we operate—they've really started to listen."

Thank you Planet Fitness for sponsoring this event.

Kaine, Collins' censure resolution seeks to bar Trump from holding office again

Sen. Tim Kaine (center) and Sen. Susan Collins (right). Photo: Andrew Harnik/Pool via Getty Images

Sens. Tim Kaine (D-Va.) and Susan Collins (R-Maine) are forging ahead with a draft proposal to censure former President Trump, and are considering introducing the resolution on the Senate floor next week.

Why it matters: Senators are looking for a way to condemn Trump on the record as it becomes increasingly unlikely Democrats will obtain the 17 Republican votes needed to gain a conviction, Axios Alayna Treene writes. "I think it’s important for the Senate's leadership to understand that there are alternatives," Kaine told CNN on Wednesday.

Stark reminder for America's corporate leaders

Rosalind "Roz" Brewer is about to become only the second Black woman to permanently lead a Fortune 500 company. She starts as Walgreens CEO on March 15.

Why it matters: It's a stark reminder of how far corporate America's top decision-makers have to go during an unprecedented push by politicians, employees and even a stock exchange to diversify their top ranks.

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