Brett Kavanaugh. Photo: Alex Wong/Getty Images

The NRA is pledging to spend at least $1 million on advertisements in support of Brett Kavanaugh's confirmation as a Supreme Court justice, reports Bloomberg.

Why it matters: The NRA is looking to swing the four Democratic senators running for reelection in Indiana, West Virginia, Alabama and North Dakota — all states Trump won. The digital ads will urge voters to call their senators and demand they vote to confirm Kavanaugh.

What they're saying: The NRA's executive director, Chris W. Cox, explained in a statement, "The NRA strongly supports Judge Brett Kavanaugh’s confirmation to the U.S. Supreme Court because he will protect our constitutional right to keep and bear arms... It’s critical that all pro-Second Amendment voters urge their senators to confirm Judge Kavanaugh."

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: 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.