Vice President Pence in Washington in December. Photo: Alex Wong / Getty Images

Vice President Mike Pence announced during a speech in Tokyo on Tuesday that the United States was set to unveil strict new sanctions against the North Korean regime.

The big picture: Pence, who will attend the Olympics in South Korea later this month, did not include any details about the sanctions or a timetable for implementation, but stated that the United States' ultimate goal is to achieve "complete, verifiable, and irreversible denuclearization" in North Korea.

The United States of America will soon unveil the toughest and most aggressive round of economic sanctions on North Korea ever.
— Vice President Mike Pence

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Rep. Rashida Tlaib fends off Democratic primary challenge in Michigan

Rep. Rashida Tlaib. Photo: Chip Somodevilla/Getty Images

Michigan Rep. Rashida Tlaib won the Democratic primary Tuesday night against challenger Detroit City Council President Brenda Jones, according to AP.

Why it matters: Tlaib, a democratic socialist and member of "The Squad," found herself in a vulnerable position, facing off against Jones after narrowly beating her two years ago.

Updated 57 mins 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.