(Bloomberg) -- Tesla Inc. asserts that restarting its operations in the midst of the coronavirus pandemic doesn’t make the company an outlier, nor is it going against the grain.But its chief executive officer’s handling of the health crisis has been anything but ordinary. Tesla sued the county blocking its car plant from reopening, with Elon Musk calling the local health officer -- a former infectious diseases professor with a master’s degree in public health -- “unelected & ignorant.” He threatened to move Tesla’s headquarters out of California, warning that all its manufacturing may leave the state, too.The weekend flare-up was without precedent in the three months since the first confirmed Covid-19 death in the U.S. -- a resident of Santa Clara County, home to Tesla’s headquarters and neighbor to its factory in Fremont, California. As the nation’s death toll approaches 80,000, Musk has emerged as arguably the loudest voice in corporate...
Quidel Corporation's (NASDAQ: QDEL) development of an antigen test for the novel coronavirus (COVID-19) is a "game changer" in the world's fight against the pandemic, former Food and Drugs Administration commissioner Scott Gottlieb told CBS on Sunday.The test was given emergency use authorization by the FDA late Friday.'Quick And Cost Effective'"I think this kind of technology is a real game changer...it's a very rapid test that could be used in a doctor's office," Gottlieb said at CBS "Face The Nation.""Doctors now have about 40,000 of these Sofia machines already installed in their offices. And you do a simple nasal swab and the test itself scans for the antigens that the virus produces."Gottlieb noted the test is cost-effective and quick to return results. "It'll probably be about five dollars a test and you can get a result within five minutes," he told CBS.According to the former FDA chairman, the test gives accurate...
President Donald Trump's administration is in talks with Intel Corporation (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) to ramp up chip production in the United States, the Wall Street Journal reported Friday.What Happened Intel CEO Greg Slater told the Journal that the company's plan is to operate a manufacturing facility that can provide advanced chips securely to both government and private entities."We're very serious about this...We think it's a good opportunity," Slater said. "The timing is better and the demand for this is greater than it has been in the past, even from the commercial side."According to the Journal, TSMC has also been talking to relevant government departments and its biggest customer Apple Inc. (NASDAQ: AAPL) about making semiconductors in the U.S.TSMC told the Journal that it was "evaluating...suitable locations" to open an overseas plant, but didn't have any "concrete plan yet."Some U.S. officials also want Samsung Electronics...
