Oct 11, 2018

Hurricane Michael's energy toll

Photo: Jabin Botsford/The Washington Post via Getty Images

Hurricane Michael made landfall in Mexico Beach, Fla., as a high-end Category 4 storm early Wednesday afternoon, killing at least two people and causing catastrophic damage.

The big picture: It's the strongest such storm on record to hit the Florida Panhandle and one of the strongest ever to strike the continental U.S. — and it severely impacted Florida's electricity grid and oil production in the Gulf of Mexico.

  • It struck with the third-lowest atmospheric pressure of any storm ever to hit the continental U.S. (919 millibars), and was among the five strongest storms by sustained winds at landfall (155 mph).

Electricity losses: As of 6am this morning, there were 359,306 accounts without power, according to Florida state officials.

  • Per CNN, add that to losses in Georgia and Alabama, and the total number of customers without power is over 500,000.

Oil-and-gas: Evacuations of Gulf of Mexico oil-and-gas platforms led to 42% of Gulf oil production and 32% of gas production being shut-in as of midday yesterday, according to the Interior Department.

  • However, the storm path was east of most offshore energy infrastructure and, as S&P Global Platts noted, that production should be restored pretty fast.

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Minneapolis unrest as hundreds protest death of George Floyd

Protesters and police clash during demonstration on Wednesday over the death of George Floyd in custody outside the Third Police Precinct. Photo: Kerem Yucel/AFP via Getty Images

Minneapolis police clashed for a second night with protesters demonstrating the death of George Floyd, an African American man who died in police custody.

The latest: Minnesota Gov. Tim Walz tweeted late Wednesday that the situation where the clashes were taking place was "extremely dangerous" as he urged people to leave the area. There were multiple news reports of police firing tear gas at protesters and of some people looting a Target store.

Blue Cross Blue Shield insurers sue CVS, alleging drug pricing fraud

Photo: John Lamparski/SOPA Images/LightRocket via Getty Images

Six Blue Cross Blue Shield insurers have sued CVS Health, alleging the pharmacy chain overcharged them based on "artificially inflated prices" for generic drugs and concealed the true cash prices of those drugs.

The big picture: CVS has faced legal scrutiny over its cash discount programs since 2015, and this lawsuit adds big names to a mounting problem.

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand has only eight active novel coronavirus cases and no COVID-19 patients in hospital after another day of zero new infections. However, the death toll rose to 22.

Zoom in: A top health official told a briefing a 96-year-old woman "was regarded to having recovered from COVID-19 at the time of her death, and COVID-19 is not recorded as the primary cause of her death on her death certificate." But it was decided to include her in the overall tally of deaths related to the virus.