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at this hour stock sell-off. the u.s. market sharply lower at this hour because of worries about a europe-based bank. what s happening and why republicans hold a hearing with the border patrol chief at the texas border but all 15 democrats on the committee skipped it the latest sign of the immigration divide also in texas new details from inside that courtroom where a trump-appointed judge is hearing arguments over whether to pull an abortion pill off the market nationwide. presidential prescription. president biden in las vegas about to push his administration s new plan to lower the cost of prescription drugs. we ll bring you his remarks as soon as they start our reporters are fanned out all across the country following the latest developments. but we begin in the battleground state of nevada where any minute now president biden will speak about his plan to lower prescription drug prices mike memoli is traveling with the president. i think that state has one of ....
Political limb for us. thank you so much for that, mike now to new details from the federal courthouse in amarillo, texas. that hearing in a critical abortion case. nbc s morgan chesky is there for us morgan, what more are we learning about today s arguments? reporter: chris, argue aments ongoing right now inside this amarillo district courthouse where we know at last check the government was making their arguments. they were allotted two hours to do so. and this follows arguments made earlier today by this group of plaintiffs led by this alliance of hippocratic medicine, this anti-abortion group centered in tennessee that established a presence here in amarillo back in august 2022 my colleague dasha burns reporting that they made 90 minutes worth of arguments earlier today, saving 30 minutes for a rebuttal following the government s argument that is ongoing at this hour, chris. but just to frame this, what could be decided upon here in ....
Mike memoli is traveling with the president. i think that state has one of or the highest prescription drug prices in country. what are we expecting to hear from the president, mike well, chris, you look at those red arrows on wall street today, the latest indications of economic jitters still for many americans. but the president still thinks he has a strong economic case to make as he heads into a potential re-election campaign so he s going to be putting a lot spotlight on one of his major legislative accomplishments, the inflation reduction act, talking specifically about his provisions regarding prescription drugs, the ability of the government to negotiate the price of prescription drugs. the price cap on insulin for medicare beneficiaries at $35. the fact that there are now requirements for drug companies to rebate to consumers when the cost of prescription drugs rises faster than the rate of inflation. that s really one of the things the president is going to be focused on to ....
Of another provision of the i.r.a., free vaccines. but the white house says they see this is a small dollar amount to some but for especially seniors on fixed incomes this is real money, real savings and they re leading into an economic contrast with congressional republicans who have vowed to repeal the inflation reduction act. we ve seen this repeatedly from president biden, picking a fight with congressional republicans as he waits for his potential republican opponent in 2024 to emerge about a year from now it s worth noting, chris, this is the end of the three-day road trip the president has been making out west. it s only his second visit to the state of nevada since becoming president the only other one was to attend the memorial service for the late senate majority leader harry reid but with that re-election campaign on the horizon i m going to make a bold prediction here, chris be, which is the president s going to be coming to nevada a lot more often this is of course a key s ....