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Photo: Joe Raedle/Getty Images

Hundreds gathered in Sacramento to oppose legislation that would allow California state public health officials to decide which children can skip vaccines before going to school, taking the power to grant exemptions away from local doctors, the AP reports.

Details: Democratic state Sen. Richard Pan, the primary sponsor of the bill, said the legislation would help prevent future outbreaks, according to AP. Opponents of the bill argue that it takes away parental rights and isn't necessary for preventing outbreaks. There have been at least 20 confirmed cases of measles in California this year.

The big picture: Other states are working on passing legislation limiting which vaccination exemptions are acceptable. Washington passed legislation on Tuesday removing parents' abilities to claim personal or philosophical exemptions, but religious and medical reasons remain in place, according to the AP. Oregon is currently considering legislation that would only allow medical vaccination exemptions, per the Statesman Journal.

Go deeper: U.S. measles cases hit highest level since it was declared eradicated in 2000

Go deeper

Dan Primack, author of Pro Rata
49 mins ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.

Felix Salmon, author of Capital
4 hours ago - Economy & Business

Americans are still spending money

Source: Census Bureau; Chart: Axios Visuals

Americans spent more money at stores and restaurants in 2020 than they did in 2019 — even in the face of a devastating global pandemic that shut down broad sectors of the economy.

Why it matters: The monthly retail sales report this morning came in well below expectations, and showed consumer spending falling on a seasonally-adjusted basis. Total expenditures were still higher in December 2020 than they were a year previously, however.