First Pass

42 stories from 15 sources

Fauci invokes Fifth amid Medicare and vaccine funding battles

Day’s Recap

Supporting Articles

Anthony Fauci invoked the Fifth Amendment during a Senate hearing as Republican lawmakers questioned him about his role in the COVID-19 response. The amendment protects witnesses from being compelled to give answers that could be self-incriminating.

11:04 PMAl Jazeera

Robert F. Kennedy Jr. said he found Anthony Fauci's diary in government archives as Fauci repeatedly invoked the Fifth Amendment during questioning about COVID-19's origins. Rand Paul's panel plans to vote next week on whether to hold Fauci in contempt for refusing to answer.

5:27 PMFortune

The Trump administration cut U.S. funding for Gavi, the global vaccine alliance, amid its broader conflict with the World Health Organization and related United Nations health institutions. The decision threatens a major source of support for international immunization programs.

8:26 PMAl Jazeera

Medicare Advantage plans could gain enrollment if the administration ends a program that has helped hold down premiums for Medicare Part D prescription drug plans. Higher Part D costs may push beneficiaries to compare alternatives more aggressively.

2:06 PMMarketWatch

The White House decision to end a Medicare drug subsidy is poised to increase out-of-pocket costs for some beneficiaries and gives Democrats a new line of attack on prescription affordability ahead of midterms. The change reshapes messaging around who is responsible for higher drug bills.

10:58 AMStat News

Medicare is changing a prescription drug program that helped keep premiums down. Analysts expect the shift to raise premiums for some beneficiaries and accelerate movement into Medicare Advantage plans.

11:29 AMMarketWatch

Other Developments

A curated list of other prominent stories from this day.

Teva Pharmaceuticals CEO Richard Francis discussed the company’s positive second-quarter earnings, its drug pipeline, the expected effects of changing Medicare rules on patients, and Teva’s new direct listing on the New York Stock Exchange.

7:55 PMBloomberg Markets

New York City sued two Brooklyn dental practices, alleging that they steered patients toward high-interest loans and falsely claimed that some procedures were not covered by insurance.

11:08 AMNYT New York

A preliminary study found that older adults taking a daily multivitamin reported better functional health after three years than those taking a placebo. The findings have not yet undergone peer review.

7:44 PMScienceDaily

The article revisits a scientific literature review and meta-analysis on COVID-19 lockdowns conducted by the author and two colleagues. It argues that Fauci did not adequately engage with their conclusions.

6:17 PMFortune

Attovia Therapeutics, an early-stage biotech developing treatments for immune-mediated diseases, is seeking to raise up to $212.5 million through a US initial public offering.

5:53 PMBloomberg Markets

Newly released pages from Anthony Fauci’s pandemic diary describe President Donald Trump’s temperature reaching 103°F and his struggle to breathe, prompting Mark Meadows to seek Fauci’s advice about Trump’s return to public life. The diary also includes Fauci’s account of meeting actress Julia Roberts.

5:47 PMFortune

Make it yours

Build Your First Pass.

Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!