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
Unit into a separate Public Company. More on that in just a bit ibm up and all the markets up with 59 minutes left in the session. All the big stories of the day coming up. Morgan stanleys Ceo James Gorman on the back of his companys 7 billion deal today to buy Investment Firm eaton vance. Carnival giving a Business Update as the crews and travel industries continues to deal with uncertainties amid the pandemic ceo Arnold Darnell will be our guest next hour. The ceo of Amc Entertainment will join us to discuss the rollback of more blockbuster movie releases why he is staying open when some of his competitors are deciding to close lets look at the stories we are watching in the final hour of trade. Joining us to talk about regenerons push for emergency authorization for its covid19 treatment is alettia young bob, start us off on the market. There may be no stimulus, but the market is actsing like there is going to be one they have levitated themselves into believing something is going t
Let me also make a few reminders for these members appearing in person. You will only say members and witnesses appearing remotely on the monitor in front of you when they are speaking and 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 the webex by now but let me remind you of a few points. First you will be able to see each person speaking during the hearing. Whether they are in person or remote. As long as you have your webex set the active speaker view. If you have any questions about this please Contact Committee staff. Second, we have timer that should be visible on your screen when youre in the active thumbnail view. The house rules require we see you so please have your cameras turned on at all times. Fourth, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Since i will recognize members verbally and let members retain the
The nasdaq off 95. The dow off its session lows but still taking a hit today. The uncertainty boosting gold prices above 1900 an ounce. Take a look at gold as well. 1900. Okay. We will also take a look at johnson johnson, merck, fiedzer and fiedz pfizer and regeneron, on pins and needles awaiting the president s announcement. Lets go straight to Edward Lawrence for a preview of what we are expecting to hear. Reporter exactly, the president signing any minute an executive order that in one way will get departments the look at ways they can further reduce drug prices going forward. Also, we have heard it may include the provision that connects the prices the u. S. Pays with foreign prices. The prices Drug Companies charge Foreign Countries. That is the deal exactly the president worked out between gilead in the United States where the United States will basically buy the entire supply of remdesivir. Remdesivir is a drug that helps coronavirus patients. The president puitched a simila ide
Program washington journal and if you missed any of our live coverage, watch anytime on demand on cspan. Org or listen on the go with the free cspan radio app. Massachusetts senator Elizabeth Warren spoke to young voters on a Virtual Campaign fundraiser for the Presumptive Democratic president ial nominee joe biden, urging them to vote and answering questions. I am excited to introduce you to some super awesome young folks. I want to bring it my friend stephanie. Thank you so much for all of the work you do. We are excited to be partnering with you today. Give a warm welcome to stephanie. Hello everybody. Here. Ited to be i want to start by saying thank you to everyone on this call and for helping with this election and would leak 46. We always say every election is the most important of her lifetime, but this one really is. When the economy and coronavirus, peoples lives depend on replacing donald with joe biden and the white house, and young people are going to make it happen. To giv