Photo: Flavio Bolsonaro/Twitter

The health of Brazil's far-right presidential front-runner Jair Bolsonaro is "markedly improving" after he was stabbed in the abdomen during a campaign event last week, though it is unlikely he will return to campaigning before the first round of the election next month, per Reuters.

The big picture: According to BBC News, Bolsonaro lost 40% of his blood in the attack, suffering severe wounds to his intestines. While Bolsonaro sits at the top of the polls following the disqualification of former President Luiz Inácio Lula da Silva, he's unlikely to win enough support to avoid a runoff — where he's likely to lose.

Go deeper

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.

S&P 500's historic rebound leaves investors divided on future

Data:; 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.

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.