Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with web ex by now but let me remind everyone of a few points. First, you will be able to see each person speaking during the hearing. Whether theyre there in person or remote. As long as you have your web ex set to acti
Ceos testify on Prescription Drug pricing. Members question why the retail price of their drugs frequently increases and at a rate that far exceeds inflation among other issues. This is just under 4 hours. Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with web ex by
And on a mission to search for signs of life in space because mars rover blasts off in florida heading for the bridge. So theres more proof of the devastating impact of the pandemic on the United States on wednesday one person died nearly every minute from cave 19 and its seeing its worst financial slump since the 940 s. Its economy has shrunk at the fastest pace on record it is down 9 and a half percent between april and june in the past week another 1400000 people applied for jobless benefits at the same time europes biggest economy thats germany has plunged into recession shrinking by record 10 percent the pandemics wiped out nearly a decade of growth and now u. S. President on trump news talked of the strength of his countrys economy is asking whether novembers election should be postponed ok lets get more on that in a moment from our White House Correspondent can we hug it but 1st to gabriel as i know whos standing by for us in new york at 1st up those figures there very broad num
Tread the virus spread between people to the highest level. To the lowest level. Abigail very risk on. The bulls rushing back in. S p 500 up for a fifth day in a row. Longest winning streak of 2020. This is the first time we have had a fiveday string of gains. That tells you the degree and strength. Individual stocks having positive news. The nasdaq had a new alltime high. The stock, the chips index, same thing. Faang index driven by the likes of amazon and tesla. The fangs, those are the stayathome stocks. You were mentioning the virus data still being pretty bad. Realworld. Een the last couple of days, it has been a global rally with asian and european stocks. The new york faang adex really doing its best on yeartodate basis. Then it is the chinese tech stocks, the cqqs. Up 22 . S s p 500 and European Tech etfs up just about 6 . That has to do with those European Technology indexes. Nokia, somerickson, of these other companies. Tech, one of this years star winners right around the wo
Done, that is good news, 280,000 total tested. The number of new cases, 10,841. A new high. Hospitalizations are 15,000 people. 4000 icu patients. 10,000 patients discharged. That is the good news. , alltime of deaths increase up to 3565. Most impacted states, you see new york at the top again. New jersey has a serious problem. In a growing problem. California,n, massachusetts. Hospitalized is down a blip, but we believe that is not statistically meaningful. Of icuhave the number. Ases they are up the number of intubations are up. Up. Number of discharges are two thirds of the people who have been hospitalized have been discharged. Ok . Two thirds of the people hospitalized have been discharged. Saying what we have been all along. Most people will not be hospitalized. People who are hospitalized will come in, be treated, and leave. That is two thirds. One third of that number has a serious condition, which will require continued hospitalization. We are tracking the growth of the number