House Intelligence Committee Chairman Devin Nunes. Photo: Mark Wilson/Getty Images

President Trump and the Justice Department showed a "rare moment of alignment" last week in withholding information from House Intelligence Committee chairman Rep. Devin Nunes, the Washington Post reports.

Why it matters: Nunes was requesting information that FBI and intelligence officials say "could risk lives to potentially exposing the source." That source, per the Post, provided information to special counsel Robert Mueller's team for his investigation. The White House was convinced to refuse Nunes' request, but some administration officials are concerned that Trump will change his mind.

Nunes said he's investigating the FBI's "abuse of the Foreign Intelligence Surveillance Act 'and other matters.'" He told the Post that "Congress has a right, a duty to get this information."

Go deeper

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.