AP Photo/J. Scott Applewhite

Paul Ryan had a big fundraising month in January. He transferred $3.4 million to the House Republicans' campaign committee — the NRCC. That's impressive for an off year, and well exceeds the $2.5 million he transferred in January 2016 to kick off the election year.

The $3.4 million transfer does not include the nearly $200,000 raised from Paul Ryan-signed direct mail pieces for the NRCC, says a Ryan political operative.

Why this matters: While Ryan & co. hope for thumping victories in the 2018 House and Senate races, they count nothing as certain in the age of Trump. Ryan's formidable fundraising achieves two objectives: Gives Republicans added juice for increasingly expensive House races, and buys him loyalty from members who might be tempted to defy him.

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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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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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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.