President Trump says he's 'slashing red tape' to streamline the development of coronavirus treatments. But POLITICO's Sarah Owermohle reports it's not that easy. Plus, all of California is under lockdown. And the pandemic is pummeling Europe.

Sarah Owermohle covers drugs and pharmaceuticals for POLITICO.
Jeremy Siegel is a host for POLITICO Dispatch.
Irene Noguchi is the executive producer of POLITICO audio.
Jenny Ament is the senior producer of POLITICO audio.

Read more: 'Bad advice from the president': Trump touts unproven coronavirus drugs

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