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Coronavirus cases are growing in 37 states and D.C. as of today, according to data compiled by Johns Hopkins University. Dr. Anthony Fauci, the nation's leading infectious disease expert, said he's "not comfortable" with the level of U.S. cases as the nation enters its fall and winter seasons. We have more on the pandemic below. CNBC's Chrissy Farr also has an update on ride-hailing company Lyft.
| | It was a big week for Covid-19 drugs | Both Eli Lilly and Regeneron filed for emergency use authorization of their antibody drugs, after the president was treated with Regeneron's and credited it for his recovery – though his doctor noted they won't breathe a sigh of relief until Monday, given patients can sometimes take a turn 7-10 days into the disease. Gilead, whose remdesivir was also part of the president's regimen, reported a mortality benefit for hospitalized patients on low-flow oxygen – but still faces a shortage of the drug in Europe its CEO told us they won't be able to remedy until the end of this month.
-Meg Tirrell | | | | CDC acknowledges the coronavirus can spread by air | The CDC earlier this week revised its guidance on the coronavirus to acknowledge that it can sometimes spread through airborne particles that "linger in the air for minutes to hours" and infect people across more than 6 feet of distance. Transmission, however, is only likely to occur in "limited, uncommon circumstances," based on the current evidence. "In these instances, transmission occurred in poorly ventilated and enclosed spaces that often involved activities that caused heavier breathing, like singing or exercise," the CDC said in a statement.
-Will Feuer | | | | Lyft integrates with Epic to make it easier for hospital staff to order patient rides | Lyft has teamed up with Epic, one of the largest electronic medical record companies. It may seem like an odd pairing, but it matters because it makes it a lot easier for hospital staff to order patients' rides to the hospital, and track their journey. It also helps hospitals determine the true impact of their transportation-related programs. Lyft is increasingly finding that payers — particularly Medicaid plans that cover low-income people — are willing to foot the bill for members' rides. When patients can't easily get to a doctor, they often miss visits and forgo care, leading to health problems down the line. The market for non-emergency medical transportation is worth about $3 billion in the U.S. alone.
-Chrissy Farr | | | | Coronavirus cases surge in the Great Plains | Coronavirus outbreaks that once swept through the East Coast and America's Sun Belt states are now surging in the nation's Great Plains as North Dakota and South Dakota report more new Covid-19 cases per capita than any other state across the nation. South Dakota reported roughly 57 daily Covid-19 cases per 100,000 residents, the highest of any state in the U.S. based on a weekly average as of Wednesday, according to a CNBC analysis of data compiled by Johns Hopkins University. North Dakota, which ranks closely in second, is reporting just over 56 new Covid-19 cases per 100,000 residents.
-Noah Higgins-Dunn | | | | Seniors are expected to seek more online help for Medicare enrollment | Ahead of Medicare open enrollment starting on October 15th, health insurers and e-brokers have been boosting their digital enrollment resources. They expect to see a surge in demand for online enrolment for Medicare Advantage plans, as seniors look to avoid meeting with insurance brokers in person amid the Covid pandemic.
-Bertha Coombs | | | | This is your grandpa's Medicare Advantage, and it's lit | Health insurance for seniors may not sound sexy, but this week, two heavyweights made big bets on the fast-growing Medicare Advantage market. Walmart launched a new online brokerage to sell MA plans. And the venture investor known for taking Virgin Galactic public, Chamath Palihapitiya, announced a $3.7 billion deal to bring Clover Health public through his special purpose special acquisition fund. The tech-enabled MA start-up is in 34 counties this year and plans to triple its footprint in 2921.
-Bertha Coombs | | | | HHS threatens to withhold federal funds from hospitals that fail to report patient data | The Department of Health and Human Services threatened to withhold Medicare and Medicaid payments from hospitals that don't report their Covid-19 and flu data to HHS. Centers for Medicare and Medicaid Services Administrator Seema Verma told reporters that non-compliant hospitals will be booted from the Medicare and Medicaid system, which would strip them of federal funds crucial to their ongoing operations. The reporting requirements are part of a new initiative launched earlier this year, after the pandemic began, so that federal officials had up-to-date data on hospital patients to guide the federal Covid-19 response.
-Will Feuer, Noah Higgins-Dunn | ![]() | | CNBC Evolve Spotlight | October 15, 2020
In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve?
The CNBC Evolve Spotlight event will highlight innovative ways middle market companies are navigating these uncertain times successfully, finding new ways to thrive using data, new marketing and sales techniques and operational flexibility.
Featured conversations include:
• Guardian CEO Deanna Mulligan -- one of the very few female Fortune 500 CEOs -- has a message for fellow business leaders of all sizes: It is time to step up. America is facing a skills gap that will leave 85 million positions unfilled by 2030. In order to close this gap, businesses need to put training - at the core - of their strategy, she shares her best ideas on putting plans into action.
• The pandemic has created some major challenges for middle market companies and these days it's harder to react to the unexpected, and maintaining safe cash levels can be tough when there are supply and demand issues. As EY Americas' Middle Market Leader, Lee Henderson supports and advises high-growth entrepreneurs and middle-market companies. Hear what he has to say about management during crisis.
• Eran Zinman, Co-Founder & CTO of wildly popular productivity platform monday.com, will explain how a simple collaboration tool is helping teams stay productive, transparent and organized in the age of covid-19 and WFH.
• Jeni's Splendid Ice Creams Founder Jeni Britton Bauer opened her first store two decades ago. 5.5 million scoops and $30M in sales later, she shares the secret to the brand's wildly successful distribution, marketing, hiring and R&D strategies that drove its success.
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