Sens. Elizabeth Warren and Bernie Sanders. Photo: Bill Clark/CQ Roll Call

In an interview with Pod Save America's Tommy Vietor airing Thursday, Sen. Elizabeth Warren explained why she — unlike fellow senator and 2020 candidate Bernie Sanders — has chosen to identify as a "Democrat capitalist," rather than a "democratic socialist."

"I see the value of markets and that they can produce a lot of good if they have rules. But let us all be clear: Markets without rules are theft and I am opposed to theft. There is a reason that the folks on Wall Street, the big CEOs, don't want me to even be in the Senate. ... Because I get how the system works and how it can work when it works right. And how these are the guys who are ripping it off and make it not work."

Go deeper: Everything you need to know about 2020 candidate Elizabeth Warren

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Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 18,570,858 — Total deaths: 701,316 — Total recoveries — 11,163,388Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 4,771,846 — Total deaths: 156,839 — Total recoveries: 1,528,979 — Total tests: 58,239,438Map.
  3. Public health: Moderna skirts disclosures of coronavirus vaccine costs — There’s not much good news about kids and coronavirus.
  4. Business: Auto sales may have turned a corner.
  5. Sports: The return of high school sports hangs in the balance — UConn becomes first FBS team to cancel its football season.

Shale's struggles will persist despite a rise in oil prices

Illustration: Sarah Grillo/Axios

WTI, the benchmark U.S. oil future, traded Wednesday morning at its highest since early March — highlighting how shale's crisis is seemingly over, though more bankruptcies likely lie ahead.

Why it matters: Its price at the time — $43 — is still too low for many producers to do well, though it varies from company to company.

Facebook launches its TikTok rival, Instagram Reels

Illustration: Aïda Amer/Axios

Facebook-owned Instagram on Wednesday launched its answer to the popular karaoke app TikTok, whose future remains in limbo.

The big picture: Facebook has a long record — sometimes successful, sometimes not — of adopting features that have proven popular on rival platforms and rolling them out to its billions of users worldwide in an effort to avoid being eclipsed by younger upstarts.