Abbott Surges on 15-Minute Test; Merkel’s Warning: Virus Update

(Bloomberg) — Covid-19 cases surpassed 24 million worldwide with India seeing a record spike and South Korea, Italy and France reporting the most new daily infections in months. Abbott Laboratories surged after its 15-minute test was granted emergency clearance in the U.S.Leaders of Europe’s major economies are mostly ruling out new broad movement restrictions as they try to support economic recoveries. Jet engine-maker Rolls-Royce Holdings Plc underscored the pandemic’s painful impact on the airline industry, suffering a record half-year loss of 5.4 billion pounds ($7 billion).Japan’s most recent and largest wave of infections is showing signs of subsiding, despite a …read more

Source:: Yahoo Finance

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