1. Her side of the story. The former CDC director, who was fired by RFK Junior, says public health in the U.S. is in a tenuous position. Susan Monarez just testified (is testifying) before the Senate HELP Committee. She walked Senators on the panel through the reasons she was let go after only weeks on the job. Monarez says she wouldn't pre-approve vaccine recommendations without scientific evidence. She also said she wouldn't agree to firing top CDC officials without concrete reasons. At today's hearing, Monarez was also asked about what she fears, if the forthcoming vaccine recommendations, aren't based on science. She said she believes “preventable” diseases will return.
2. Interest Rates are dropping! The Federal Reserve announced just moments ago a quarter of a percent rate cut to its benchmark interest rate. The rate cut can also lower costs for car loans and credit cards. Right now, the credit card interest rates are still near a record 20 percent. There are mixed views on the idea of additional rate cuts in 2025. Some economists anticipate one or two additional rate cuts by the end of the year, with cuts coming in October and December.
3. Costco is recalling bottles of store brand Prosecco because the bottles could shatter, without warning, and even when left unopened. The retailer is warning members who bought the Kirkland sparkling wine between April 25th and August 26th in 11 states that the product poses a glass explosion risk. Costco says it's sending letters to affected customers. It says customers should wrap any unopened bottles in paper towels and place them in a plastic bag before disposing of them to avoid any risk from shattering glass. Members can claim a full refund by bringing the warning letter, not the bottle, to their nearest location. The affected bottles were sold in Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota and Wisconsin.