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.
Earlier today, Minnesota Republican Representative, Tom Emmer, introduced a bill that would prevent the Federal Reserve from issuing a central bank digital currency directly to American consumers. According to the Congressman from Minnesota, requiring Americans to open a fed account to access a digital currency, would "put the Fed on insidious path akin to China's digital authoritarianism." Rep. Tom Emmer joined Cheddar's None of The Above to discuss more.
Sixteen of the country's most prestigious universities have been hit with a lawsuit claiming those schools illegally conspired to eliminate competitive financial aid offers for students. Just some of the schools mentioned include Yale, Brown, Columbia, UPenn, and Cornell. Author of "Who Gets In and Why" and Professor of practice at Arizona State University, Jeff Selingo, joined Cheddar to discuss more.
Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.
The recently expired child tax credit helped a wide swathe of families throughout the U.S. Megan Pratz looks into the impact the payments had, and how the end of the program will have a drastic effect on families that could still use the help with child care.
The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job.
Buckingham Palace says that Prince Andrew’s honorary military titles and royal patronages have been returned to Queen Elizabeth II with her “approval and agreement.”
Prime Minister Boris Johnson has apologized for attending a garden party during Britain’s first coronavirus lockdown, but brushed aside opposition demands that he resign for breaching the rules his own government had imposed on the nation.
North Korea says leader Kim Jong Un oversaw a successful flight test of a hypersonic missile he claimed would remarkably increase the country’s “war deterrent.”
