Gallagher walks into military court with his wife Andrea Gallagher on June 21, 2019. Photo: Sandy Huffaker/AFP/Getty Images

Navy veteran and SEAL platoon leader Edward Gallagher was found not guilty of first-degree murder and war crimes on Tuesday, but he was convicted of posing with the corpse of a teenage captive ISIS fighter, the New York Times reports.

The big picture: President Trump faced criticism — particularly from veterans — for considering pardoning Gallagher, among other service members accused of war crimes. Gallagher was acquitted of attempted murder of Iraqi civilians and was expected be freed Tuesday, as he's served more than his maximum sentence in pretrial confinement. His defense team said afterward justice had been served, Fox News video shows.

Go deeper: The Fox News connection behind Trump's Eddie Gallagher tweet

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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: Money.net; 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.