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Democratic presidential candidate Sen. Elizabeth Warren. Photo: Sean Rayford/Getty Images

Sen Elizabeth Warren received a large standing ovation at the Black Economic Alliance Presidential Forum Saturday, as she and 3 other Democratic presidential candidates vowed to close the racial wealth gap, the New York Times reports.

Details: The Massachusetts senator pledged at the Charleston, South Carolina, event to offer $7 billion in grants to black, Latino and Native American entrepreneurs via a newly proposed Department of Economic Development, according to CNN.

The big picture: Sen. Cory Booker (D-N.J.) was the only other 2020 candidate at the event to get a standing ovation, the New York Times reports. He told the crowd his baby bonds plan to open a $1,000 savings account for every child born in the U.S. would "virtually eliminate the racial wealth gap" for young people, per CNN.

  • South Bend, Indiana, Mayor Pete Buttigieg discussed his "Douglass Plan," named in honor of abolitionist Frederick Douglass that's aimed at tackling inequality among minorities, CNN noted.
  • Texas congressman Beto O’Rourke announced a policy that would invest $500 million in small businesses, much of which would target owners who are minorities or women, the Times reports.

Why it matters: The forum comes a week before South Carolina’s Democratic convention, expected to be attended by almost all of the party’s 2020 candidates, per the NYT. South Carolina, which will host the fourth nominating contest next year, is the first state where a large proportion of the Democratic electorate (about 60 percent) is black, Reuters notes.

  • A Black Economic Alliance poll of 1,003 African-Americans found that between 27% and 33% of those surveyed "have reservations" about or are "very uncomfortable" with the 4 presidential candidates who addressed the forum — with Warren raising such concern with 33% of those surveyed.

Go deeper: 2020 Democrats are ready to talk about racial inequality.

Go deeper

Poll: U.S. leadership approval rebounds from Trump low

A Gallup report published Tuesday found approval of United States leadership in 46 countries and territories hit 49% — up from 30% at the end of Donald Trump's presidency, and matching former President Obama's first year (2009).

Why it matters: Biden's efforts to reengage with the international community following the Trump administration appear to be improving the global approval ratings for U.S. leadership, though this poll does not take into account the withdrawal from Afghanistan in August.

"No-code" miracle for startups

Expand chart
Data: Interactive Advertising Bureau; Table: Axios Visuals

The U.S. has reached a tipping point in its shift from the industrial economy — one that relied on the buildout of hardware — to an information economy that relies on the transfer, storage and implementation of data, according to a new report.

Why it matters: This shift towards a data and information-based economy has allowed more businesses to establish themselves and scale quickly and at a very low cost. As such, the number of jobs created by the commercial internet has more than tripled since 2012.

Amazon's small business shield

Illustration: Aïda Amer/Axios

Amazon is touting the success of small sellers on its platform through the pandemic — and warning that antitrust legislation could jeopardize that success and blow up its open-marketplace model.

Why it matters: As online shopping became a lifeline for both businesses and consumers during the pandemic, Amazon reaped big benefits, but also saw its regulatory risk grow.