Photo: Zahim Mohd/NurPhoto via Getty Images

Former President Obama tweeted a rare rebuke of President Trump on Tuesday over the current administration's rollback of Obama-era vehicle emissions standards.

What he said: "We've seen all too terribly the consequences of those who denied warnings of a pandemic," Obama tweeted, linking to a Los Angeles Times article addressing the rollback. "We can't afford any more consequences of climate denial. All of us, especially young people, have to demand better of our government at every level and vote this fall."

The big picture: The Trump administration has made weakening and eliminating climate policies enacted under Obama a priority over the past three years. The most recent rollback targets a 2012 rule that called for annual emissions standards to increase by 5% per year — weakening it to 1.5% annually.

  • The administration suggested Monday that the rule change would result in new cars costing approximately $1,000 less, per CNN.

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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.

2 hours ago - Technology

Dark clouds envelop feel-good Pinterest

Illustration: Eniola Odetunde/Axios

Pinterest set out to be a bright spot in cutthroat Silicon Valley, but now stands to see its reputation forever tarnished by allegations of mistreatment and a toxic culture by women who held senior roles at the company.

Why it matters: Even a company known for progressive policy decisions and successfully combatting hateful and otherwise problematic content isn't immune to the systemic problems that have plagued many tech companies.