With Pfizer's COVID-19 vaccine receiving emergency use approval, there is still the hurdle to clear of getting it to the people. Senator Tina Smith (D-Minn.) is concerned about whether or not states will be able to effectively distribute the vaccines.
"This is a mammoth undertaking, and I believe that they're going to need some extra help," Smith told Cheddar, about funding needs in a new COVID relief bill.
Under the current strategy, states will receive shipments from the federal government then decide how to administer the vaccines to residents, with frontline and essential workers being at the top of the list.
"We have a big state and large rural communities, and so, one of our big issues is making sure that we get those vaccines, especially the ones that require supercooling," Smith added.
Despite some bipartisan agreements to extend federal aid to states, according to Smith,
"Mitch McConnell has done nothing but pour cold water on this," she said. "The big hold up is that he and others in his party don't want to provide help for states for the additional needs that they have around COVID and insisting on this massive immunity to corporations from any kind of legal liability around COVID."
Continued Testing Roadblocks
As cases surge across the country, Smith said the lack of a national strategy in developing and accessing tests, persists in being an issue that is "stymying our efforts" to beat COVID-19.
"What we are hearing from these testing companies that they are still experiencing shortages around some of the supplies that they need to do the tests, including swabs and reagent, and they are also quite worried about shortages of personal protective equipment, which are so necessary for completing these tests," she said, also noting that paying for the testing has also raised questions.
Smith also pointed out that there were shortfalls in testing children, who may spread the disease.
Continued Quarantines
Minnesotans have been under lockdown order for the past three weeks and could be in for additional quarantine time as Governor Tim Walz is expected to make a decision next week. Smith said while it's hard for residents to be away from family, especially during the holidays, the lockdown, along with mask-wearing, is necessary if we want to have a chance at finally beating the virus.
"Every day, more people are dying from COVID-19 than we lost in 9/11, and unless we are able to turn that tide, we're going to be seeing just a tragic winter. That's over 3,000 souls every day that we are losing," she said.
Amazon founder Jeffrey Bezos took to the stage at the U.N.'s COP26 Climate Summit to unveil a new plan to combat climate change, but some say it might do more harm than good. Justine Calma, Science Reporter at The Verge, joined Cheddar to discuss.
Rep. Ritchie Torres of New York talks about the importance of the historical Build Back Better Act and how these bills could help millions of Americans across the country.
Pfizer has asked the FDA to expand authorization of COVID booster shots for all adults. The agency is expected to grant the request in the coming weeks, allowing vaccinated Americans as young as 18 to get boosted before the holidays. Dr. Bayo Curry-Winchell, Regional Clinical Director at Carbon Health, joined Cheddar to discuss.
The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
