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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

Go deeper

Updated 18 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — America has tuned out the coronavirus at the peak of its destruction — 1/3 of people in L.A. County believed to have been infected with coronavirus.
  2. Politics: Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat — Joe Biden will seek nearly $2 trillion in COVID relief spending.
  3. Vaccine: Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.
Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.