Dr. Peter Hotez, co-director of the Center for Vaccine Development at Texas Children’s Hospital, gives his insights on the new CDC mask guidance amid the Covid surges across the U.S. NBC’s Tom Llamas is live in Tokyo to deliver the latest on the Olympic games. Gymnastics legend Shannon Miller discusses the pressure Simone Biles is under after she pulled out of the team final due to mental health reasons. CNBC’s Eamon Javers gives an update on the testimony from FBI officials on the growing threat of ransomware during today’s Senate Judiciary Committee hearing. Plus, CNBC’s Sara Eisen explains the growing “shrinkflation” trend.