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Stock impact report

Reopening the economy requires testing, and the U.S. still isn't close [Los Angeles Times (CA)]

Laboratory Corporation of America Holdings (LH) 
Last laboratory corporation of america holdings earnings: 4/29 06:53 am Check Earnings Report
Six weeks after the president and other senior officials promised that any American would soon be able to get a test for coronavirus, testing continues to lag, prompting an escalating call from leading medical centers, lawmakers and others for the administration to put in place a coordinated national strategy. Effective testing is considered essential before state and local governments can lift restrictions on Americans’ movements, reopening schools and businesses and allowing the nation’s faltering economy to recover. But multiple, persistent problems continue to sharply limit the number of tests that can be done. Labs remain short of supplies, ranging from simple cotton swabs used to take samples from patients to complex chemicals, known as reagents, needed to carry out the tests. Some laboratories report shortages of trained workers. Little coordination exists to shift samples from busier labs, which have backlogs, to others that have surplus capacity. The White House and other adm Show less Read more
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