Report: Feds to send Abbott’s rapid tests to states for school reopenings

The U.S. government is reportedly set to use rapid COVID-19 tests it purchased from Abbott (NYSE:ABT) for school reopenings.
Reuters reported that the feds will send an “overwhelming majority” of Abbott’s tests to governors and state territories to support school reopenings and other critical tasks, according to a Trump administration official. The administration struck a $750 million deal with Abbott for 150 million of its tests last week.