The office of First Lady Melania Trump has released a statement in response to President Trump's late night jab at NBA star LeBron James explaining that she would be "open to visiting" James' new I Promise school in Akron.
The background: Late Friday evening, the president tweeted a response to James' interview with CNN saying it made him "look smart, which isn't easy to do."
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.
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.
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.