LabCorp CEO says coronavirus in U.S. is spreading faster than it can add testing capacity

LabCorp CEO Adam Schechter told CNBC the coronavirus is spreading faster in the U.S. than the company can expand testing capacity, leading to slower turnaround time for results.

“We need all states to ensure we’re doing everything we can to better control the virus. If we can do that, then we’ll be able to have the tests that we need,” Schechter said on “Closing Bell.”