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Stock impact report

Shockingly low supply of face masks comes back to haunt the US [CNN]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Company Research Source: CNN
600 million facemask order won't help fight coronavirus epidemic at its peak The Department of Health and Human Services is spending almost half a billion dollars on the largest push this year so far for N95 masks, according to government contracts. The masks, once made, will go to the country's health care stockpile and to states at no cost, yet it'll take months for the manufacturers to be fully up to speed. For instance, one of five companies that won multi-million dollar contracts late last month to make the N95 masks for HHS said it won't even begin production until September. Another company to win one of the major HHS orders had sent the stockpile almost 2 million masks initially, and is making another three million in 90 days at a manufacturing plant running 24 hours a day. But the plant won't be able to multiply the masks it can make for several months. The mask-buying plans highlight how slow the ramping up of production has been in the US, several weeks after the federal go Show less Read more
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