U.S. CDC Says Free At Home, Covid 19 Test Delivery Programs Will Reopen In Late September
Portfolio Pulse from Benzinga Newsdesk
The U.S. CDC announced that free at-home COVID-19 test delivery programs will reopen in late September. This initiative aims to enhance public health measures and accessibility to testing.
August 23, 2024 | 3:35 pm
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POSITIVE IMPACT
Abbott Laboratories, a major producer of COVID-19 tests, may see increased demand for its testing products as the CDC reopens free at-home test delivery programs.
Abbott Laboratories is a key player in the COVID-19 testing market. The reopening of free test delivery programs by the CDC is likely to increase demand for their products, potentially boosting sales and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Eli Lilly, primarily known for pharmaceuticals, is less directly impacted by the CDC's announcement on COVID-19 test deliveries.
Eli Lilly is not primarily involved in COVID-19 testing, so the CDC's announcement is unlikely to have a significant impact on its business or stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience minimal impact from the CDC's announcement, as it is a broad market ETF.
As a broad market ETF, SPY's performance is influenced by a wide range of factors. The CDC's announcement on COVID-19 test deliveries is unlikely to have a noticeable impact on the ETF.
CONFIDENCE 85
IMPORTANCE 10
RELEVANCE 10