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NPR NEWS 20211007
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NPR211007
01. Live from NPR news in Washington, I'm Jack Spear. The White House has announced a new $1 billion investment into rapid home tests for COVID 19. NPR’s XXX reports it would make the test more easily available over the next few months. Over the counter COVID tests are out of stock at many pharmacies. These are swab tests that people can take at home and get pretty reliable results in 15 minutes especially if they're symptomatic. Jeff XXX, the White House's COVID response coordinator says, The US is now on track to quadruple the supply of these tests over the next few months. “So that means we'll have available supply of 200 million rapid at home tests per month starting in December.” A new rapid test from XXX laboratories was authorized by the FDA on Monday. It's the cheapest yet expected to cost around $10 per test. XXX says he expects the cost of rapid tests to go down more, as the supply goes up. XXXXping wong, NPR news.

02. President Biden met today with the CEOs of some of the nation's biggest companies. Biden joined by Treasury Secretary Janet Yellen sitting down with JPMorgan Chase CEO Jamie diamond and NASDAQ CEO Dina Friedman, among others, warned of economic catastrophe that would like to result if Congress fails to raise the debt ceiling. The owners have already said the Treasury will have very limited cash after October 18th. Republicans and Democrats meanwhile will ???pay over the edge back somewhat from the debt limit Cliff. Democrats meeting to review an offer from Republican Leader Mitch McConnell would allow for emergency debt ceiling increase, but only enough to last until December.

03. The Biden the administration plans to restore key elements of the National Environmental Policy Act that were weakened under the Trump administration. NPR’s Jeff Brady reports environmental groups are praising the proposed rule change. The National Environmental Policy Act, often called NEPA, requires agencies to consider the environmental effects of proposed federal projects before they were approved. The Trump administration sought to streamline how the law is implemented to get new projects such as pipelines and highways approved faster. Among the rollbacks review timelines were accelerated and new limits were placed on public participation, but the Biden administration says the changes created confusion for agencies ???in the public, and increased the risk that projects would end up in court, so it plans to restore previous regulations. White House Council on Environmental Quality is gathering comments with a final rule expected next year. Jeff Brady, NPR news.

04. ??? promises from automaker General Motors ???says it intends to double its revenue by 2030 as the world switches from internal combustion engines to electric vehicles. Announcement ???is ahead of an investor event in suburban Detroit, the company also promised it will unseat Tesla to become the premier electric vehicle maker in terms of market share in the US.
Stocks gained ground on Wall Street today, closing modestly higher after investors shook off some earlier volatility. The Dow up 102 points today. The Nasdaq rose 68 points. This is NPR.

05. In its first ever clergy sex abuse trial Vatican Tribunal has acquitted a former altar boy charged with molesting a seminary student, and the former Rector charged with covering up that abuse. NPR’s XXX reports the verdict came one day after report detailing abuse of more than 300,000 children in France over seven decades. The Vatican tribunals three judge panel acquitted Reverend Gabrielle Martinelli of some charges and ruled that others couldn't be punished or allegedly occurred too long ago. The judges acknowledged there’s been a sexual relationship between Martinelli and the alleged victim identified only by the initials, LG, but no evidence was provided that he’s been coerced. The case shed light on the closed world of a youth seminary located inside Vatican walls, ???all residents for teenagers who serve as altar boys and people masses inside St Peter's Basilica. Coincidentally the verdict was announced soon after Pope Francis spoke emotionally of the shame he personally felt over the devastating revelations of clerical sex abuse within the church in France. XXX, NPR news, Rome.

06. President Joe Biden and Chinese leader Xi Jinping are expected to meet virtually before year’s end and that's according to a senior administration official not authorized to speak publicly. Agreement for a formal leaders meeting coming as White House National Security Adviser Jake Sullivan and a senior Chinese Foreign Policy Advisor last for about six hours in Zurich today.
Crude oil futures prices pulled back from recent highs, oil falling nearly 2% today to settle at 7743 a barrel in New York. I'm Jack spear NPR news in wash.
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