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North Penn's Danny Wynne reacts to the team's 14-7 loss at the end of the PIAA Class AAAA high school championship football game. Photo: Ralph Wilson / AP

States are beginning to ban high schools from playing IMG Academy, a $75,000-a-year boarding school in Florida that is "the leading producer of top college and National Football League prospects," according to the Wall Street Journal.

Why it matters: WSJ reports that the market for youth sports is expected to climb from its current value of $19.8 billion, to $41.2 billion in the next six years. But, the increased pressure on kids playing sports could make "them likely to enjoy sports less and abandon them as they get older." The IMG program is a testament to how sports are being commercialized into a form of business, and according to the WSJ, "has turned a Friday night ritual into a form of career development."

IMG was acquired by talent agency WME for $2.4 billion in 2014, and was "generating annual revenue of about $83 million," the WSJ reports.

Go deeper

Senate Democrats reach deal on extending unemployment insurance

Photo: Alex Wong/Getty Images

Senate Democrats struck a deal Friday evening to extend unemployment insurance in President Biden's $1.9 trillion COVID-19 relief package after deliberating and halting other action for roughly nine hours, per a Senate aide.

Why it matters: The Senate can now resume voting on other amendments to the broader rescue bill.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.