This hearing will come to order. Without objection the chairs authorized to declare recess at any time to give money welcome to todays hearing on coronavirus, understanding the threat of Infectious Disease and mobilizing Innovative Solutions. I will recognize myself for an Opening Statement and then i woke frank recognize the Ranking Member for his Opening Statement again thank you for being here. Obviously this is an incredibly timely process. Covid19 is not the first pandemic we are ever going to deal with and certainly not the last one but it is incredibly important that we come together as a nation to get ahead of this, dress it and come up with treatment for it. If we think about Global Health security to threepronged approach. Containment medication and treatment. This is the third hearing that im sharing on the subject and the hearing is focused on the containment. It was the first hearing the congress held. The conclusion of that was the initial strategy of trying to contain th
They also cautioned against the misinformation on social media regarding the coronavirus. This house, science, space and Technology Hearing meeting is out is about one hour and 40 minutes. This hearing will come to order. Without objection the chair is authorized to declare recess at any time. Good morning and welcome to the hearing on coronavirus, understanding the spread of the Infectious Disease and mobilizing Innovative Solutions. I will recognize myself for an Opening Statement and then i will recognize the Ranking Member for his Opening Statement and i will introduce the witnesses. Again, thank you for being here. Obviously this is an incredibly timely process. Covid19 is not the first pandemic we are ever going to deal with and certainly not the last one but it is incredibly important that we come together as a nation and as a planet and become to get ahead of this and address it and come up with treatment for it. If we think about Global Health security to threepronged approach
Underneath we saw a radical devaluation of all sorts of stocks we were forced to reconsider how much well pay for a certain amount of stocks now and certain amount of growth now and how much we will pay in the future or do we sell . Most dramatic example. This morning an activist group Elliott Management took a 3. 2 billion stake in at t, gigantic, and sent a letter to the board of directors stock trading at just under 37 they think they can get it to 60 plus by the end of 2021 if the changes are made that will be huge. At t has been a real lager at t blames ill advised decisions by management, like overpaying for directv what would the failed acquisition of tmobile which ended up jump starting their competitor with a gigantic breakup. With some changes elliott argues at t can be worth a great deal more than its selling for they want the company to distract itself from side businesses cut the fat. Emphasize changes. Stop doing willynilly acquisitions at every turn put it altogether and
Oversight of the department of Energy Research and development enterprise. Welcome, mr. Secretary. Were delighted youre here today. This committee has jurisdiction over the department of energys vitally important science and Energy Research and development activities. The laboratories and facilities so i hope we see you much more frequently from now on, and i look forward to working with you throughout this congress. With the budget season mostly behind us, id like to bring just a few minutes and a few items to your attention. Ill start with the good news which is that despite the administrations best effort to make draconian cuts across the board to deo research and Development Programs, most actually fared well in the house of representatives. Im particularly pleased to see the increases to the budget for arpae and the long Programs Office both of which have yielded truly transformative results for Energy Technologies of all types. Im also quite happy that the house supported a subst
Test. Test. Test. And part of that reason is because of the research that is going on at our National Labs. And im going to, again, ask paul to share with you, just because hes fresh out of seeing some of this and has to do with the Battery Storage. And the progress being made on Battery Storage is really fascinating. And ive always said that Battery Storage is the holy grail. If were able to get to that point where we can use our renewables, solar and wind in particular to power these batteries that have long time storage, and what were finding now is that the the elements that are being used to create some of these batteries are not Rare Earth Minerals and theyre elements that we have right here in the United States, so were going to be in control of our future substantially more on the Battery Storage if you just kind of give them a glimpse of whats going on here and i think thats pretty exciting stuff. So a couple of examples, the complex, r d business, beyond lithium ion batteries