Rep. Alexandria Ocasio-Cortez (D-N.Y.) at the State of the Union address. Photo: Alex Wong/Getty Images

Rep. Alexandria Ocasio-Cortez (D-N.Y.) addressed President Trump's State of the Union vow that "America will never be a socialist country" after the speech Tuesday, telling reporters, per HuffPost, "I think it was great. I think he's scared. ... He knows he's losing the battle of public opinion when it comes to the actual substantive proposals that we're advancing to the public."

The backdrop: Ocasio-Cortez has proposed one of the most radical tax ideas from the new Democratic House majority — a 70% marginal rate on income earned over $10 million. But recent polling suggests that the public might largely be on her side as 76% of Americans favor higher taxes on the wealthy, according to a Politico/Morning Consult poll released earlier this week.

Go deeper: Gen Z prefers "socialism" to "capitalism"

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1 hour ago - Health

The top-selling drugs in the U.S. in 2019

Data: IQVIA, company financial documents; Chart: Andrew Witherspoon/Axios

The 10 highest-selling drugs in the U.S. last year gave away more than $23 billion in rebates to insurance intermediaries, but still netted almost $58 billion in sales.

The big picture: The U.S. drug pricing system is filled with confusing numbers, and many entities profit off the flow of drugs, but pharmaceutical companies retain a vast majority of the proceeds.

Caitlin Owens, author of Vitals
2 hours ago - Health

America's flying blind on its coronavirus response

Illustration: Aïda Amer/Axios

A month after the Trump administration changed how hospital data is reported, the public release of this data "has slowed to a crawl," the Wall Street Journal reports.

The big picture: This is the latest example of how the world's wealthiest country just can't get it together.

Updated 3 hours ago - World

Pandemic plunges U.K. into "largest recession on record"

The scene near the Royal Exchange and the Bank of England in the City of London, England. Photo: Tolga Akmen/AFP via Getty Images

The United Kingdom slumped into recession as its gross domestic product GDP shrank 20.4% compared with the first three months of the year, the Office of National Statistics (ONS) confirmed Wednesday.

Why it matters: Per an ONS statement, "It is clear that the U.K. is in the largest recession on record." The U.K. has faired worse than any other major European economy from coronavirus lockdowns, Bloomberg notes. And finance minister Rishi Sunak warns the situation is likely to worsen.