Mar 8, 2019

Chelsea Manning jailed for refusing to testify on WikiLeaks

Photo: Jahi Chikwendiu/The Washington Post via Getty Images

Former Army intelligence analyst Chelsea Manning has been found in contempt of court and jailed for refusing to testify before a secret federal grand jury.

Driving the news: The judge Manning faced Friday declined her original request to quash the subpoena, per the Washington Post. Manning was subpoenaed to testify for an apparent federal probe into WikiLeaks and its embattled founder Julian Assange, who has reportedly been charged under seal. Assange has been living at the Ecuadorean Embassy in London to avoid arrest.

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Jeff Tracy

5 mins ago - Economy & Business

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.

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Dion Rabouin

35 mins ago - Economy & Business

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.

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Sara Fischer

2 hours ago - Economy & Business

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.