The Federal Reserve warns that public health worsening is a threat to the U.S. economy. In other news, emails reveal what J&J did to limit information about talc and cancer and the role Nancy Pelosi played in preventing the drug pricing legislation from moving forward.
The Wall Street Journal:
Fed Says U.S. Public Health Among Biggest Near-Term Risks To Financial System
The potential for U.S. public health to worsen as the Covid-19 pandemic continues is one of the greatest near-term risks to the financial system, the Federal Reserve said, while noting that asset prices are susceptible to large declines should investor sentiment shift. Any deterioration in the public-health situation could slow the recent economic recovery, particularly if widespread business closures returned and supply chains were further disrupted, the Fed said. The number of new Covid-19 cases has…