Photo: Chen Mengtong/China News Service/VCG via Getty Images

The D.C. Circuit Court of Appeals upheld Friday a House subpoena for President Trump's financial records to Mazars USA, the president's longtime accounting firm.

Why it matters: This is one of the last stops for this case. Unless the president's legal team asks the full D.C. Circuit to take up the case or appeals it to the Supreme Court, the president could lose his fight to keep his financial records private.

The big picture: This case is just one front in the ongoing court battle to access more information about Trump's finances. The president's legal team was able to obtain an emergency stay from the Second Circuit Court of Appeals this week after losing a ruling in a similar case for Trump's tax returns brought by Manhattan's district attorney.

Read the ruling:

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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.

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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.