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Stock impact report

Trump Ordered These Companies To Make Medical Supplies Under The Defense Production Act [Forbes]

Hill-Rom Holdings Inc (HRC) 
Last hill-rom holdings inc earnings: 5/1 06:57 am Check Earnings Report
US:NYSE Investor Relations: ir.hill-rom.com
Company Research Source: Forbes
Trump—amid criticism from both sides—has thus far only used the act sparinglyTasos Katopodis/Getty ImagesTopline:While President Trump originallysignedthe Defense Production Act March 18—amid mounting calls for him to compel companies to produce much-needed medical supplies—he’s been conservative with its use, invoking it on only a few occasions Here’s a running list of times he’s used it so far:3Mto Trump invoking the Defense Production Act: The Minnesota-based company they would supply the federal government with the N95 masks they need, but crucially warned that “ceasing all export of respirators produced in the United States would likely cause other countries to retaliate and do the same”the White House “had some issues” with 3M and its international exports of medical suppliesGeneral Motorsto "accept, perform and prioritize federal contracts for ventilators"Earlier in the day, GM had announced a partnership with Ventec Life Systems to produce 10,000 ventilators per month at its Show less Read more
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