Photo: Smith Collection/Gado via Getty Images

The amount Memorial Sloan Kettering Cancer Center spent on pharmaceuticals in the first nine months of this year jumped 28% from the same time last year — hitting a total of $655 million, according to new financial documents. That was a big reason why the New York City cancer hospital’s surplus fell.

The bottom line: A spokesperson for MSK said the higher drug spending was mostly a result of the hospital’s patients using more drugs — more people got chemotherapy treatments, and new outpatient centers meant new drug expenses. MSK is somewhat of an outlier. But other major hospital systems like Providence St. Joseph Health, Hackensack Meridian Health, Bon Secours Mercy Health and Vanderbilt University Medical Center recently have reported similar trends of drugs eating up more of their expenses.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 12,528,449 — Total deaths: 560,921 — Total recoveries — 6,907,072Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 3,187,270 — Total deaths: 134,117 — Total recoveries: 983,185 — Total tested: 38,856,341Map.
  3. Public health: We're losing the war on the coronavirusThe reality of the coronavirus bites.
  4. Business: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship — How the coronavirus pandemic boosted alternative meat.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.

Romney calls Stone commutation "historic corruption"

Sen. Mitt Romney. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Sen. Mitt Romney (R-Utah) on Saturday tweeted a scathing response to President Trump's Friday night commutation of former associate Roger Stone's prison sentence, calling the move "[u]nprecedented, historic corruption."

Why it matters: Romney has emerged as the party's most prominent Trump critic. He sent shockwaves through Washington after announcing he would vote to convict Trump in the impeachment trial — becoming the only Senate Republican to break ranks and vote for the president's removal from office. Now he is the first major GOP lawmaker to condemn Trump's Friday night call regarding Stone.

5 hours ago - Health

We're losing the war on the coronavirus

Chart: Danielle Alberti/Axios

By any standard, no matter how you look at it, the U.S. is losing its war against the coronavirus.

Why it matters: The pandemic is not an abstraction, and it is not something that’s simmering in the background. It is an ongoing emergency ravaging nearly the entire country, with a loss of life equivalent to a Sept. 11 every three days — for four months and counting.