Apr 18, 2019

Newsom joined in fight to lower Big Pharma drug prices by LA County

California Gov. Gavin Newsom (D). Photo by Justin Sullivan/Getty Images

California Gov. Gavin Newsom (D) marked his 100th day in office Wednesday with the announcement that Los Angeles County has joined the state's effort to negotiate lower prescription drug prices with pharmaceutical companies.

Why it matters: Newsom signed an executive order when he took office directing state officials to establish a program that would "ultimately be the nation’s largest single-purchaser system for prescription drugs." Los Angeles County is the first outside participant of his initiative, the San Francisco Chronicle reports.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 874,081 — Total deaths: 43,291 — Total recoveries: 185,194.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 8 a.m. ET: 189,633 — Total deaths: 4,081 — Total recoveries: 7,136.
  3. Axios-Ipsos Coronavirus Index: It's "a tale of two Americas" — as the rich are more likely to work from home and the poor are more likely to report to work.
  4. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  5. Coronavirus in custody: Inmates in all federal prisons are set to enter a 14-day quarantine on April 1.
  6. 2020 updates: Joe Biden said it's "hard to envision" the Democratic National Convention going ahead as planned in July.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Americans feel better about their finances after coronavirus stimulus

Data: Axios/Ipsos survey, margin of error ranges from ±5 to ±9 percentage points; Chart: Naema Ahmed/Axios

Americans have become more optimistic about the state of their finances in the last week, a new survey from Axios and Ipsos shows.

The state of play: While some remain worried, particularly those at the lower end of the economic spectrum, the data shows people are more confident about the security of their jobs and ability to take care of expenses after the passage of the $2.2 trillion CARES Act.

Trump's new dark, dire coronavirus outlook

Photo: Chris Kleponis/Polaris/Bloomberg via Getty Images

Never has President Trump looked and sounded so somber and downbeat as he did at dinnertime yesterday as walked America through the "very, very painful" days of death ahead. 

Why it matters ... It was a moment the history books won’t forget: Trump, who a week ago was talking about an Easter-time return to work, warned in grim detail of the potential for 100,000 to 240,000 deaths.