Photo: Cheriss May/NurPhoto via Getty Images

Marc Short is set to become Vice President Mike Pence's chief of staff, according to sources with direct knowledge and first reported by the New York Times.

Why it matters: Short is the only senior official who has left the Trump administration and later returned. He previously served as President Trump's head of legislative affairs before resigning in July to work in the private sector.

  • During the past 6 months, Short served as a senior fellow at the University of Virginia's Miller Center of Public Affairs, worked as a CNN commentator and did general government consulting for corporate and investor clients.

Behind the scenes: Pence has been searching for a new chief since Nick Ayers resigned at the end of last year after turning down an offer to be Trump's chief of staff. In the meantime, Pence's deputy chief of staff, Jarrod Agen, has been a caretaker chief.

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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.