President Donald Trump speaks speaks on the latest developments of the coronavirus outbreak, while flanked by White House coronavirus response coordinator Debbie Birx (L), and U.S. Surgeon General Jerome Adams (R), in the James Brady Press Briefing Room at the White House March 19, 2020. (Photo by Chip Somodevilla/Getty Images)
President Donald Trump in a press conference on Thursday said the Food and Drug Administration is fast-tracking efforts to approve an antiviral therapy, best known for treating malaria, for use in coronavirus cases.
The drug, hydroxychloroquine, was developed more than a half-century ago and is approved for treating malaria, arthritis, and other ailments. Reports out of China and Italy suggest the drug may help, but there is no hard data yet.
"We're going to be able to make that drug available almost immediately," Trump said.
The FDA is working to conduct a "large, pragmatic clinical trial" quickly to confirm the drug's benefit to coronavirus patients, said Commissioner Dr. Stephen Hahn.
He also tempered the president's optimism about the still-untested solution.
"What's also important is not to provide false hope," he said. "We may have the right drug, but it might not be in the appropriate dosage form right now, and it might do more harm than good."
New antiviral therapies face a shorter and less arduous approval process than vaccines, several of which are under development with 12 to 18-month timelines.
"The therapies are something we could move on much faster potentially," Trump said.
He claimed the administration "slashed red tape" to develop new vaccines and therapies.
The president also held out on confirming whether he would invoke the Defense Production Act, which he signed on Wednesday, to mandate the production of needed medical supplies such as N95 respirators and surgical masks.
"If we find that we need something, then we will do that," he said.
Trump repeated that he was open to the federal government buying equity stakes in the airline, cruise, hospitality, and other industries hurt by the outbreak.
The press conference opened with more controversial language placing the blame squarely on China for the outbreak, despite concerns voiced about potentially exacerbating a backlash against Asian Americans.
"We continue our relentless effort to defeat the Chinese virus," Trump said.
Markets were pointing mostly lower to end the week as investors reacted to the threat of a Covid resurgence in Europe. Jeff Schulze, Investment Strategist at ClearBridge Investments joined Cheddar's Opening Bell to discuss Friday's pre-market activity.
A federal judge tossed out a lawsuit against financial services platform Robinhood following the meme stock saga that swept the investment world. The judge said it found no wrongdoing on Robinhood's part after the platform halted trading on popular meme stocks Gamestop and AMC.
Jill and Carlo are back to cover the latest in the Rittenhouse trial, new information on the origins of Covid, return-to-office and more.
JOIN US FOR THE YOUTUBE WATCH PARTY @ 9aET: http://www.youtube.com/cheddarnow
The U.S. Justice Department has filed a lawsuit against Uber after it was discovered that disabled people were being disproportionately affected by extra “wait time” fees. Attorney Jonathan Bell joined Cheddar to discuss.
Belarus President Alexander Lukashenko has been accused by the EU of manufacturing a migration crisis along his border with Poland. But, even as tensions appear to be stabilizing at the moment, Ali Noorani, the president and CEO of National Immigration Forum and the host of the "Only in America" podcast spoke to Cheddar about the ongoing danger to the migrants who hail from countries like Iraq and Afghanistan. "What is going to happen to folks who are in Belarus who came from these countries? Is Lukashenko going to provide them asylum and protection in Belarus, or are they going to continue to be political pawns in a geopolitical battle," he said. "Real people's lives are being put at great risk."
A group of crypto investors has come together to raise millions of dollars in the hopes of owning a rare piece of the U.S. Constitution. According to the crypto group, "Constitution DAO" It is time to put the constitution in the hands of the people. CEO and Founder of Metaversal Yossi Hasson, joined Cheddar to discuss more.
Polarization is among the defining traits of American politics in the 21st century. Sometimes it seems like the only thing we can all agree on is the fact that we don't really agree on anything. But those divisions don't just stop at whether you vote red or blue.
A new survey from the Pew Research Center finds that rather than just two political buckets, we have nine. The "2021 political typology" as it's called distinguishes between different ideological subsets in the Democratic and Republican party. It encompasses everyone from the loudest revolutionary lefties, to the loudest insurrection apologists on the right.
Andrew Daniller, research associate at the Pew Research Center, joins None of the Above to discuss.
Tanya Snyder, transportation reporter at Politico, joins None of the Above with J.D. Durkin to discuss the bipartisan infrastructure law, what it means for the electric vehicle industry and whether Democrats will be able to capitalize on the legislative victory ahead of the 2022 midterms.
Heading into 2022, the eyes of political nerds like us are fixed on statehouses across the country. State legislatures are in the process of taking the data from the 2020 census and using it to draw new congressional districts. The process has major implications for midterms, as Republicans could retake the majority just by gerrymandering enough seats into their column. In Maryland, state level Democrats are considering several maps, one of which would completely draw out the only Republican from the state in Congress.
Bruce DePuyt, senior reporter at Maryland Matters, and Helen Brewer, legal analyst at Princeton's Electoral Innovation Lab, join Cheddar Politics to discuss.
