Terri McCullough. Photo: Chris Maddaloni/Getty Images.

Terri McCullough announced her decision Friday to take over as House Speaker Nancy Pelosi's chief of staff, making her the first woman in the position in a full-time, paid capacity, per Politico.

Details: McCullough, who previously served as Pelosi's chief of staff from 2003 to 2011, will start in the speaker's office March 25. Most recently, McCullough was CEO of No Ceilings: The Full Participation Project, a Clinton Foundation initiative to promote gender equity worldwide, she also served as executive director of the Tory Burch Foundation, to help female founders grow their businesses.

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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.