Medical companies pummeled by outbreak; a fresh market opens
April 23, 2020
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.
THE HEALTH BIZ: In this era of dire medical need, hospitals and other parts of the health sector have seen incoming revenue erode to almost nothing.
— Quest Diagnostics' testing volumes dropped more than 40% during the last two weeks of March, including COVID-19 testing. The company said in a regulatory filing that its cost-cutting measures include salary r...