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Models wear iFit monitors in 2016. Photo: Robyn Beck/AFP via Getty Images

iFit, an interactive fitness streaming platform owned by the parent company of NordicTrack, raised $200 million led by Pamplona Capital Management.

Why it matters: This reflects how home fitness companies and their investors keep moving toward the Peloton model, minus the highly-questionable ad strategy.

The bottom line: "As a serious runner, I train mainly outdoors. However, treadmills have played a significant role in my fitness regimen for years," said Stephen Regenold of GearJunkie. "But a virtual coach training me from a screen? It seemed like too much. My coach was Tommy Rivers Puzey. He’s a real person, an accomplished ultrarunner, and one of more than a dozen trainers available via the iFit program on my treadmill’s 22-inch screen. Throughout a recent 30-minute workout, Puzey earned my trust."

Go deeper:

Go deeper

In photos: Communities across nation celebrate Juneteenth

Juneteenth is celebrated in the heart of Harlem, New York City. Photo: Tayfun Coskun/Anadolu Agency via Getty Images

People across the country are celebrating Juneteenth National Independence Day.

The big picture: The date, June 19, memorializes when some of the last enslaved people in Texas learned about their freedom under the Emancipation Proclamation in 1865.

The separate and unequal paths in business

Illustration: Aïda Amer/Axios

When a bank turned down George Johnson for a business loan, he got creative. He returned and told the bank he needed $250 to take his wife on a vacation — and was approved. Then he invested the cash in his business, which became the first Black enterprise to trade on the American Stock Exchange.

Why it matters: The highways to success in the U.S. market economy — in entrepreneurship, corporate leadership and wealth creation — are often punctuated with roadblocks and winding detours for people of color.