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Photo: Tami Chappell/AFP via Getty Images

The U.S. Olympic & Paralympic Committee on Thursday said it will no longer prohibit athletes from "peacefully and respectfully demonstrating in support of racial and social justice for all human beings."

Why it matters: The committee in January said that "[n]o kind of demonstration or political, religious or racial propaganda is permitted in any Olympic sites, venues or other areas." Athletes were still allowed to demonstrate or protest at press conferences, in interviews, at team meetings, and on digital and traditional media platforms.

  • The committee further warned that "disciplinary action [would] be taken on a case-by-case basis as necessary" for those who violated protest rules.

The big picture: Sporting events have become a common arena for people to protest systemic racism. In the U.S., former NFL quarterback Colin Kaepernick sparked a national conversation on racial injustice when he started to kneel during the national anthem in 2016.

What they're saying: "The USOPC's decision recognized that Team USA athletes serve as a beacon of inspiration and unity globally, and their voices have and will be a force for good and progress in our society," a statement from USOPC CEO Sarah Hirshland reads.

  • "In the United States, we need to continue to use the platforms we have available to us to foster discussion, education and action for racial and social justice."

Go deeper

Biden picks up his pen to change the tone on racial equity

Vice President Harris looks on as President Biden signs executive orders related to his racial equity agenda. Photo: Doug Mills-Pool/Getty Images

President Biden is making a down payment on racial equity in a series of executive orders dealing with everything from private prisons to housing discrimination, treatment of Asian Americans and relations with indigenous tribes.

The big picture: Police reform and voting rights legislation will take time to pass in Congress. But with the stroke of his pen, one week into the job, Biden is taking steps within his power as he seeks to change the tone on racial justice from the Trump administration.

Kendall Baker, author of Sports
3 hours ago - Sports

European soccer is at war

Liverpool celebrating its 2019 Champions League victory. Photo: Nigel Roddis/Getty Images

Europe's biggest soccer clubs have established The Super League, a new midweek tournament that would compete with — and threaten the very existence of — the Champions League.

Why it matters: This new league, set to start in 2023, "would bring about the most significant restructuring of elite European soccer since the 1950s, and could herald the largest transfer of wealth to a small set of teams in modern sports history," writes NYT's Tariq Panja.

Dion Rabouin, author of Markets
3 hours ago - Economy & Business

2021's expected earnings blowout begins

JPMorgan CEO Jamie Dimon. Photo: Mark Kauzlarich/Bloomberg via Getty Images

First-quarter earnings so far have been very strong, outpacing even the rosy expectations from Wall Street and that's a trend that's expected to continue for all of 2021. S&P 500 companies are on pace for one of the best quarters of positive earnings surprises on record, according to FactSet.

Why it matters: The results show that not only has the earnings recession ended for U.S. companies, but firms are performing better than expected and the economy may be justifying all the hype.