The Trump administration today designated Iran’s Islamic Revolutionary Guard Corps (IRGC) as a foreign terrorist organization (FTO), the first time the U.S. has applied that label to an element of a foreign government.

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Data: U.S. State Department; Chart: Chris Canipe

The big picture: To add a group to the FTO list, the State Department must demonstrate that it has the "capability and intent to engage in terrorist activity" that threatens Americans or U.S. national security. The U.S. first designated 30 groups in 1997 after Congress passed an anti-terror law, though some have since been removed.

Go deeper: Terrorist designation increases burden on Iran's Revolutionary Guard

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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.

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Data: Money.net; Chart: Axios Visuals

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Illustration: Sarah Grillo/Axios

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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.