Rep. Justin Amash at the Capitol in March. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Justin Amash (I-Mich.) tweeted Monday that he's looking "closely" at a third-party presidential bid, as he criticized President Trump for claiming during a coronavirus briefing that his "authority is total."

The big picture: The libertarian, who left the Republican Party last July, said Americans deserve another option — prompting a Twitter user to say, "Please be you." He replied, "Thanks. I’m looking at it closely this week." Amash was first reported to be weighing the idea last May of challenging Trump in the presidential election.

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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.