Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Under pressure over virus, Trump to announce more tests for states

Published 09/28/2020, 02:25 PM
Updated 09/28/2020, 02:30 PM

WASHINGTON (Reuters) - Under pressure over his handling of the coronavirus outbreak, U.S. President Donald Trump planned to announce on Monday that the government would distribute millions of rapid tests to states this week with an eye towards using them to reopen schools.

Trump was set to announce the plan at a White House event scheduled for 3:30 p.m. EDT (1930 GMT).

A senior administration official, confirming a report by The Associated Press, said 6.5 million tests will go out this week. The official said about 100 million tests will be distributed to states in the coming weeks.

Trump wants the tests to help efforts to reopen schools that have been closed due to the pandemic.

Trump is trying to show progress in the battle against the new coronavirus as he fights for re-election in his Nov. 3 matchup against Democrat Joe Biden. The first presidential debate will be held on Tuesday night in Cleveland, Ohio.

The U.S. government will send an "overwhelming majority" of the 150 million rapid COVID-19 tests it purchased from Abbott Laboratories (N:ABT) in August to governors of states and territories to support school reopenings and other critical tasks, an administration official said at a press briefing earlier this month.

Abbott has said it would scale its production capacity to 50 million tests per month by October and that it could currently produce "tens of millions" of the tests, indicating it will take at least a few months for the tests to be fully distributed to states and territories.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

To bad the media will gloss over what was just now the most important information regarding testing speed.
they won't report at all. only focus on the negative like why wasn't it done early. when this was only recently developed.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.