Surge Summary: Stocks rally on news of emergency production of a new, more rapid Covid-19 test. Historic gains are being made toward successful treatment of this virus. Meanwhile, Democrats appear simply to want to shut down everything once again.
by Gary Bauer
Abbott Labs announced today that it has received an emergency authorization from the FDA to produce a rapid Covid-19 antigen test that may cost as little as five dollars. While not as accurate as other tests, it is much faster, much cheaper and far less invasive. It will allow far more individual testing, which is essential to containing the virus.
President Trump will reportedly announce a $750 million deal for Abbott Labs to produce 150 million of its new rapid tests.
Today’s announcement is just another part of the Trump Administration’s unprecedented mobilization and deregulation of our medical research complex and private industry. Within months of a completely novel virus hitting our shores, we are making historic strides toward testing, treatments and vaccines.
Meanwhile, the Democrats’ solution is to shut everything down again.
Needless to say, those of us in the real world are cheering today’s news. Stocks closely tied to the reopening of the economy – airlines, cruise lines, concert promoters, etc. – are all rallying.
The views here are those of the author and not necessarily Daily Surge.
Originally posted here.
Image: Creative Commons CC0; https://pxhere.com/en/photo/369155
Gary Lee Bauer is an American politician and activist, who served in the Reagan administration. He later became president of the Family Research Council and a senior vice president of Focus on the Family. In 2000, he participated in the Republican presidential contest.
Surge Summary: Stocks rally on news of emergency production of a new, more rapid Covid-19 test. Historic gains are being made toward successful treatment of this virus. Meanwhile, Democrats appear simply to want to shut down everything once again.
by Gary BauerAbbott Labs announced today that it has received an emergency authorization from the FDA to produce a rapid Covid-19 antigen test that may cost as little as five dollars. While not as accurate as other tests, it is much faster, much cheaper and far less invasive. It will allow far more individual testing, which is essential to containing the virus.
President Trump will reportedly announce a $750 million deal for Abbott Labs to produce 150 million of its new rapid tests.
Today’s announcement is just another part of the Trump Administration’s unprecedented mobilization and deregulation of our medical research complex and private industry. Within months of a completely novel virus hitting our shores, we are making historic strides toward testing, treatments and vaccines.
Meanwhile, the Democrats’ solution is to shut everything down again.
Needless to say, those of us in the real world are cheering today’s news. Stocks closely tied to the reopening of the economy – airlines, cruise lines, concert promoters, etc. – are all rallying.The views here are those of the author and not necessarily Daily Surge.
Originally posted here.
Image: Creative Commons CC0; https://pxhere.com/en/photo/369155
Gary Lee Bauer is an American politician and activist, who served in the Reagan administration. He later became president of the Family Research Council and a senior vice president of Focus on the Family. In 2000, he participated in the Republican presidential contest.
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