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Former President George H.W. Bush is awake, alert and talking after he was admitted to intensive care earlier this week, a family spokesman said Tuesday.Bush, 93, was admitted to the Houston Methodist Hospital Sunday morning after contracting an infection that spread to his blood, family spokesman Jim McGrath said, a day after a funeral was held for his wife, Barbara Bush.According to McGrath, the 41st President has said he is determined to get healthy and get to Maine this summer. On Monday, McGrath said Bush was "responding to treatments and appears to be recovering." 584

FOSTER CITY, Calif. – The maker of remdesivir, a drug shown to shorten recovery time for severely ill COVID-19 patients, has released its pricing for the treatment.Gilead announced Monday that it will charge ,340 for a typical treatment course for people covered by government health programs in the United States and other “developed countries.”As for Americans with private insurance, they’ll be charged ,120, “because of the way the U.S. system is set up and the discounts that government healthcare programs expect,” Gilead said.Based on current treatment patterns, Gilead said the vast majority of patients are expected to receive a five-day treatment course using six vials of remdesivir. Individually, each vial will cost 0 for those covered by a government insurer, and 0 per vile for those with a private insurer.In poorer countries, with less health care resources, generic drugmakes will be allowed to make the drug and sell it for far less than in the U.S.The pricing has already come under fire, because the development of the drug was largely funded by taxpayer money.Gilead’s CEO, Daniel O’Day, wrote in an open letter that the company approached its pricing decision with the aim of helping as many patients as possible, as quickly as possible.“At the level we have priced remdesivir and with government programs in place, along with additional Gilead assistance as needed, we believe all patients will have access,” wrote O’Day.O’Day said Gilead has entered into an agreement with the U.S. Department of Health and Human Services (HHS) whereby HHS and states will continue to manage allocation to hospitals until the end of September. After this period, once supplies are less constrained, HHS will no longer manage allocation.The U.S. Food and Drug Administration (FDA) has actually not yet approved remdesivir for any use, but it has granted an Emergency Use Authorization (EUA) for the treatment of hospitalized patients with severe COVID-19.This treatment is much different than COVID-19 vaccines, which are still in development. Public health leader Dr. Anthony Fauci has said that the U.S. should have a "couple hundred million" doses of a coronavirus vaccine by the beginning of 2021. 2226

Friday brought another round of dramatic price cuts in the oil patch.US oil prices plummeted 7% and sank deeper into a bear market that has alarmed investors and made drivers around the world happy.The latest wave of selling knocked crude below a barrel for the first time since October 2017.Anxiety about oversupply and diminished demand have sent crude down by a third since it soared to a four-year high above a barrel in early October. Observers have gone from fearing 0 oil to expressing concern over why its price collapsed so quickly."The unrelenting six-week selloff has been unnerving to say the least," Michael Haigh, head of commodities research at Societe Generale, wrote to clients on Wednesday.Oil bulls are hoping OPEC and Russia come to the rescue by announcing steep production cuts at a meeting next month in Vienna. However, President Donald Trump is pressuring Saudi Arabia and OPEC not to reduce output despite the crash in prices. Traders are worried Trump's recent praise for Saudi Arabia signals the Saudis won't back a significant production cut.For the week, US oil prices are down nearly 10%.Lukman Otunuga, research analyst at FXTM, described the weekly selloff as "brutally bearish."Brent crude, the global benchmark, shed 5.5% on Friday and declined to a new 2018 low of a barrel.The meltdown was triggered by a series of developments that darkened the energy outlook. Prices soared over the summer as Trump vowed to zero out Iran's oil exports. That led Saudi Arabia, Russia and especially the United States to ramp up production. However, the Trump administration later took a softer approach on Iran sanctions to keep oil from spiking. Officials granted temporary waivers to China, India and other buyers of Iran's crude. That headfake left the oil market staring at a potential glut.At the same time, global growth fears emerged in financial markets. Economists are marking down their GDP forecasts for 2019. Germany and Japan, the world's No. 3 and 4 economies, are already in contraction. China is slowing, too. None of that is bullish for oil, which powers the world economy."Rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," Otunuga wrote to clients on Friday.The rapid collapse in oil prices caught many off guard, including hedge funds that made outsized bullish bets on crude earlier this year. Large commodity funds have accumulated losses in excess of .7 billion so far this quarter, Societe Generale estimates."Sentiment on commodity markets has been despondent," Haigh wrote.The energy slump came at just the right time for consumers though. Millions of Thanksgiving travelers were greeted by cheaper prices at the pump. The average gallon of gallon fetched .58 on Friday, down sharply from .84 a month ago, according to AAA. 2880

For the second straight day, Johns Hopkins reports that the U.S. has reported a record number of new cases of the novel coronavirus.According to a Johns Hopkins database, more than 45,000 new cases of COVID-19 were reported on Friday. That comes a day after more than 40,000 cases were reported on Thursday.According to The Associated Press, many of the new cases have been reported in rural areas.For many states and counties in the U.S., the dark days of the coronavirus pandemic in April unfolded on their television screens, not on their doorsteps.But now, some places that appeared to have avoided the worst are seeing surges of infections, as worries shift from major cities to rural areas.Much of the focus of concerns that the United States is entering a dangerous new phase has been on big Sunbelt states that are reporting thousands of new cases a day.But the worrying trend is also happening in places like Kansas.In early June, Kansas looked to be bringing its outbreak under control, but its daily reported case numbers have more than doubled in recent weeks. 1080

For the first time in 78 years, the Rose Bowl will not be played in Pasadena, California.Over the weekend, it was announced that the College Football Playoff semifinal game between No. 1 Alabama and No. 4 Notre Dame would be relocated from the Rose Bowl to AT&T Stadium in Arlington, Texas, due to California's ban on fans being allowed at live sporting events during the coronavirus pandemic.CFP Executive Director Bill Hancock made the announcement Saturday in a press release after the Tournament of Roses.Hancock said the committee mutually agreed to relocate the game to the Dallas Cowboys home stadium amid rising cases of COVID-19 in Southern California."We know that the decision was not an easy one to make," said David Eads, Tournament of Roses CEO and Executive Director. "While we remain confident that a game could have been played at the Rose Bowl Stadium, as evident in the other collegiate and professional games taking place in the region, the projection of COVID-19 cases in the region has continued on an upward trend."According to the press release, the State of California would not make a notable exception for player guests at the game, requesting in November and December that the state create a "special exception" to allow players' parents to attend the game. Both requests were denied.According to the Associated Press, this will be the first time in 78-straight years that the Rose Bowl will not be played in Pasadena.According to the press release, it hasn't been determined if the semifinal game will be called the Rose Bowl because the City of Pasadena owns the game's rights. 1619