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The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.
Tami Chappell | Reuters
A delay by the federal Centers for Disease Control and Prevention in quickly making coronavirus test kits available was the result of “a glaring scientific breakdown” at the CDC’s central lab, The Washington Post reported Saturday, citing scientists and federal regulators.
The Post reported that CDC facilities which assembled the testing kits “violated sound manufacturing practices, resulting in contamination of one of the three test components used in the highly sensitive detection process.”
And while the part of the test that was compromised
Morgan Stanley CEO James Gorman sees the coronavirus-induced global recession lasting for the entirety of this year and 2021.
When asked about how a potential economic recovery expected in the second half of this year would take shape, Gorman said that while he hopes it will be a sharp “V” recovery, in reality it will probably take longer to reopen cities and factories.
“If I were a betting man, it’s somewhere between a `U’ or ‘L'” shaped recovery, Gorman told CNBC Thursday in an interview. “I would say through the end of next year, we’re going to be working through
Medical workers bring in patients at a special coronavirus intake tent at Maimonides Medical Center in Borough Park section of Brooklyn which has seen an upsurge of coronavirus patients on April 02, 2020 in New York City.
Spencer Platt | Getty Images
Some 35% of all coronavirus tests administered in New York and New Jersey have been positive, indicating a serious outbreak in both states, White House coronavirus advisor Dr. Deborah Birx said Thursday.
“That confirms very clearly that that’s a very clear and important hot zone,” she said at a White House press conference.
As states ramp up testing,