President Trump speaks with HUD Secretary Ben Carson. Photo: Alex Brandon / AP

The Trump administration has delayed an Obama-era requirement that communities research their levels of housing segregation and present proposals to fix it in order to receive federal housing aid, per The New York Times.

The Department of Housing and Urban Development didn't repeal the rule outright, but stated that proposals submitted under the requirement would no longer be reviewed.

Why it matters: Experts told NYT that the decision could presage HUD cutting the rule entirely, allowing a reversion to the pre-2015 mean where the federal government could turn a blind eye to effective segregation — for example, by allowing local governments to place housing projects only in majority-black neighborhoods.

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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.