Andrew Harnik / AP

Kristina Schake, who served as communications chief for Hillary Clinton's presidential campaign and who was also communications chief for First Lady Michelle Obama, is joining Instagram. Schake is replacing David Swain, current head of communications who has been working at Facebook for a decade.

She will build Instagram's brand: Per ReCode, building Instagram's brand will be one of her main focuses. Instagram boasts 600 million users right now and is working to expand its advertising arm. The good news is Schake has some experience with branding: she encouraged Michelle Obama's dance with Jimmy Fallon on "The Tonight Show" and had her shop "undercover" at Target.

Why we're watching: Schake is joining Instagram at a crucial and fast-growing time for the company as it competes head-to-head with rival Snapchat for the coveted younger set.

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Felix Salmon, author of Capital
1 hour ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

2 hours ago - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.