U.S. scraps Philips ventilator order in 2020 earnings blow

U.S. scraps Philips ventilator order in 2020 earnings blow

Source: 
Reuters
snippet: 

Philips (PHG.AS) said the U.S. Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its 2020 earnings outlook.