Ben Margot / AP

Peter Thiel will be giving the dinner address tonight at CERAWeek, the major conference on energy. Thiel's own views on energy have been a little tough to pinpoint. He's funded clean energy ventures but dissed the sector too. He's expressed skepticism about the scientific consensus on global warming while pushing advanced new nuclear reactor technologies as the best weapon against climate change.

Today's lineup: Saudi Arabian energy minister Khalid A. Al-Falih, BP CEO Robert Dudley, ConocoPhillips CEO Ryan Lance, Indian oil minister Dharmendra Pradhan, OPEC Secretary General Mohammad Sanusi Barkindo, José Antonio González Anaya, the CEO of Mexican state oil giant PEMEX and Iraqi oil minister Jabar Ali Hussein Al-Luiebi.

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1 hour ago - Health

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.