Feb 27, 2019 - World

Trump kicks off second summit with North Korea's Kim Jong-un

President Trump met with North Korean leader Kim Jong-un in Hanoi, Vietnam on Wednesday, kicking off the second meeting of the two leaders as Trump told reporters that he hopes their "great relationship" can lead to a "very successful" outcome.

What's next: While there are still concerns among experts that North Korea is not serious about denuclearization, Trump and Kim are set to have a one-on-one meeting this evening, followed by a "social dinner" before the substantive bulk of the summit begins Thursday.

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Jeff Tracy

33 mins ago - Economy & Business

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.

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Dion Rabouin

1 hour ago - Economy & Business

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.

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Sara Fischer

3 hours ago - Economy & Business

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.