Photo: Drew Angerer/Getty Images

The federal government must pay health insurance companies roughly $12 billion that they're owed under part of the Affordable Care Act, the Supreme Court ruled Monday in an 8-1 decision.

The big picture: The ACA's "risk corridors" program was designed to help stabilize the law's insurance markets in their early years, but the Trump administration argued that Congress had prohibited it from making the required payments. The Supreme Court disagreed, saying insurers have a right to collect the money they're owed under the program.

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Jul 30, 2020 - Health

Ruth Bader Ginsburg recovering after non-surgical procedure

Supreme Court Justice Ruth Bader Ginsburg. Photo: Shannon Finney/Getty Images

Supreme Court Justice Ruth Bader Ginsburg is resting in a New York City hospital Wednesday evening following a minimally invasive, non-surgical procedure to replace a bile duct stent, the Supreme Court announced in a release.

Why it matters: Ginsburg has had health complications in recent years, including reoccurring liver cancer. This is her second hospital trip this month. The first hospitalization followed a possible infection.

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.