Good morning. Welcome, Naxios today. It's Thursday and it's the 1st of December. I'm Nailibutu.

Here's what we're covering today. Promising results for a new Alzheimer's drug.

Plus, how boomers are making inflation worse. But first, pom in circumstance for the French.

That's today's one big thing.

President Biden is holding his first state dinner tonight at the White House to welcome

French President Emanuel Macron. The Black Tie event marks a return to some of the pom

in circumstance that was largely put off because of the pandemic. But more than a time to

whine and dine on main lobster and an apple shard nay, if you were wondering, the visit will be

an opportunity for the two presidents to discuss a number of critical issues.

Axios's Dave Lawler has been following the visit. Hey, Dave.

Hi, Nailibutu. Dave, France's our oldest ally, which the White House took pains to point out

in all of the press releases about this visit. This isn't the first time President Macron has

visited. He was also the guest of former President Trump. What's different about this visit?

Well, for one thing, it's the first state visit of Biden's tenure. So the French have really been

highlighting the fact that they were number one on the invite list. And this is obviously a much

different visit for President Macron than it was when he came under Trump. There were lots of

difficulties in the relationship. Although he clearly wanted to maintain good ties with Trump,

he and Biden, yes, there are a couple points of tension. But really, it should be a much easier

camaraderie, perhaps, between the two of them over the next couple days. To the point of tensions,

our relationship with France did deteriorate last year after what President Biden called a

clumsy handling of a submarine deal between France and Australia. Has that been patched up?

More or less. So yeah, this was really a faux pas on more than one level. This

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