Lazaro Gamio / Axios

The Pentagon's investigation into foreign payments to former National Security Advisor Michael Flynn dominated a large portion of Thursday's briefing. Spicer said the probe was "appropriate" and that Trump made the right call to fire Flynn.

  • On whether Flynn was properly vetted: "Why would you re-run a background check on someone... that had and did maintain a high-level security clearance [under the Obama administration]?"
  • Trump's tax plan: Spicer originally said the plan would remove tax preferences for 401Ks, but the WH later clarified that 401K retirement savings plans would not be impacted by Trump's tax proposal.
  • On shutdown questions: "The Democrats at the last minute have come in and thrown a lot of monkey wrenches into the ability to get this done despite the president doing everything he can to show good faith."
  • Trump's NAFTA changes: The focus is on agriculture services, and some areas outside of NAFTA — like dairy.

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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.

S&P 500's historic rebound leaves investors divided on future

Data:; 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.