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Stock markets had a good end to the week, with the Dow Jones finishing the day up 186 points. Financial stocks led the way — Morgan Stanley up 5.5% and Visa 4.59%.
Why it matters: Investors believe that the financial services industry has much to gain from Trump-administration deregulatory proposals like the nixing of the fiduciary rule, which requires retirement advisors to act in their client's best interest, and broad talk about scaling back Dodd-Frank.
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.
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.
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.