Also today, new federal data showed drug overdose deaths began rising again before the pandemic, and accelerated once it hit. The CDC said that more than 87,000 Americans died in the year ending in September 2020, mostly from opioids and methamphetamine. That’s up 30 percent from a year earlier.
The Biden administration has proposed ending a Trump era ban on federally funded clinics referring women for abortions. Planned Parenthood and others argued that the ban obstructs access to birth control for low-income women. The Trump rule stays in effect until the new regulation is finalized.
Texas Republican Congressman Kevin Brady announced today he’s retiring after next year. He’s served 25 years and once chaired the House Ways and Means Committee. So far, four House Republicans and two Democrats are not seeking reelection.
The U.S. Senate today confirmed Gary Gensler to chair the U.S. Securities and Exchange Commission. He’s expected to push tougher regulations for Wall Street. And most Republicans opposed his nomination.
On Wall Street today, the Dow Jones industrial average gained 53 points to close near 33731. But the Nasdaq fell 138 points, and the S&P 500 lost 17.
The digital currency exchange Coinbase made its trading debut. It closed with a market valuation of $86 billion.