Front pages, many featuring Sen. John McCain, posted at the Newseum's front page display. Photo: Bill Clark/CQ Roll Call

"Johns Hopkins University is buying the landmark [Pennsylvania Avenue] building that houses the Newseum for $372.5 million, a purchase that will enable the struggling cultural institution devoted to news and the First Amendment to seek a new home in the Washington area," per the WashPost.

"We stand ready to continue much of the Newseum's important work ... through digital outreach, traveling exhibits, and web-based programs in schools around the world, as well as hopefully in a new physical home in the area."
Peter Prichard, chair of the Newseum board of trustees

The big picture: "The Freedom Forum — the private foundation that created the Newseum and that is its primary funder — said the museum will remain open at 555 Pennsylvania Ave. NW for the rest of the year. ... [T]he Newseum posted an annual deficit each year."

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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.