Apr 9, 2018 - Technology

Uber CEO to visit D.C. this week

Photo: Anindito Mukherjee / Bloomberg via Getty Images

On Wednesday, Uber CEO Dara Khosrowshahi will make his first trip to Washington since taking over for Travis Kalanick in August. The former Expedia CEO will join D.C. Mayor Muriel Bowser at Uber's new Greenlight Hub, a driver resource center in Northeast D.C. (East River Park Shopping Center), at 10:30 a.m.

The big picture: Khosrowshahi will be in the District on the same day — though in much friendlier confines — as Facebook CEO Mark Zuckerberg, who will be in the midst of his second day testifying before Congress.

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Jeff Tracy

34 mins ago - Economy & Business

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.

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Dion Rabouin

1 hour ago - Economy & Business

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.

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Sara Fischer

3 hours ago - Economy & Business

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.