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Bob Carey
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Brian Wesbury
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Factoid of the Day Friday, August 7, 2020
Year-to-date through 8/6/20, the U.S. Food and Drug Administration (FDA) approved 32 new drugs, compared to 18 drugs at this point last year and 26 drugs over the same period in 2018, according to its own release. In 2018, the FDA approved 59 new drugs, the most ever for a calendar year. From 12/31/19-8/6/20, the S&P 500 Biotechnology Index posted a total return of 10.07%, compared to 5.06% for the S&P 500 Health Care Index and 4.84% for the S&P 500 Index, according to Bloomberg. 
Brian Wesbury - Economic Video Commentary
Inflation, Employment & The Virus

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