Get Your FREE Picks for Nov 15 2024  Click here

Latest News

China Imposes Restrictions on CoronaVirus Medical Goods Export to USA, 3M, Owens Minor, Perkin Elmer, GE production and supplies exhausted, State Department trying to help

China’s Export Restrictions Strand Medical Goods U.S. Needs to Fight Coronavirus, State Department Says

Products made by 3M, Owens & Minor, PerkinElmer sit in warehouses; GE ventilator production line in Wisconsin nearly brought to a halt

 
 

Pallets of personal protective equipment arrived in New Hampshire from Shanghai on Sunday.

PHOTO: STEVEN SENNE/ASSOCIATED PRESS

New Chinese export restrictions have left American companies’ U.S.-bound face masks, test kits and other medical equipment urgently needed to fight the coronavirus stranded, according to businesses and U.S. diplomatic memos.

Large quantities of critical protective gear and other medical goods are sitting in warehouses across China unable to receive necessary official clearances, said some suppliers and brokers.

Health-care equipment maker PerkinElmer Inc., PKI 2.45% based in Massachusetts, is unable to ship 1.4 million test kits for Covid-19, the disease caused by the new coronavirus, from its Suzhou factory because it lacks a certification required by the new rules, according to a State Department memo reviewed by The Wall Street Journal.

A Shanghai vice mayor told Minnesota-based conglomerate 3M Co. MMM -0.87% that the city “relies on 3M’s locally produced N-95 respirators for its Covid-19 prevention efforts and lacks viable alternatives,” a second memo said. The official “signaled that lifting restrictions on distribution of the company’s masks would require instructions from Beijing,” the memo said.

 

PerkinElmer said it is working with the Chinese government to clear the test kits. 3M said it has received shipments from China and is working to coordinate more, though fewer planes are available than usual.

Read more click here WSJ

Daily Stock Deals delivering Great Deals for Smart Traders and Investors for over 10 years! Join Today for FREE and Profit from it!

how short sellers made millions shorting Famous American Brands?

Right Call on DECN? find out

AKER two day Rally from $2 to $8

 

Copyright©2017 Daily Stock Deals TM,

Today's Top 10 Stocks TM, All Rights Reserved Worldwide.

Daily Stock Deals is a division of Placebo Media Group

Get in Touch

Daily Stock Deals

A Sound View Plaza 1266 E Main St. 7th Floor, Stamford, CT 06902 USA

T 214 810 5549

Comodo SSL