Photo: Saul Loeb/AFP/Getty Images

The Supreme Court on Monday rejected ExxonMobil's bid to review the Massachusetts attorney general's demand for internal documents about what the company knew about climate change over the course of decades.

Why it matters: The order, issued without comment, enables Attorney General Maura Healey to continue probing whether the oil giant misled investors and consumers about global warming and its effects on Exxon's business.

The big picture: The case is part of a broader legal effort by some Democratic state officials and investigative journalists to explore the oil industry's internal consideration of climate change.

  • New York's AG sued the company in October, alleging Exxon defrauded shareholders by downplaying the expected risk of future climate change policies on its business and assets.

What they're saying: "Today’s #SCOTUS victory clears the way for our office to investigate Exxon’s conduct toward consumers and investors. The public deserves answers from this company about what it knew about the impacts of burning fossil fuels, and when," Healey tweeted.

The other side: Exxon did not comment Monday on the Supreme Court's decision.

  • In the now-rejected petition, Exxon said the Massachusetts Supreme Judicial Court's ruling last April that upheld the probe was a "breathtaking assertion of personal jurisdiction over a nonresident defendant."
  • The company has called the New York lawsuit "baseless allegations" based on "closed-door lobbying by special interests" and "political opportunism."

Go deeper: New York makes its move against Exxon

Go deeper

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 10,836,500 — Total deaths: 520,605 — Total recoveries — 5,723,808Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 2,735,554 — Total deaths: 128,684 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.
9 hours ago - Health

Fauci: Coronavirus surges mark a "very disturbing week" in the U.S.

Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.