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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

1

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

2

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

3

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
HealthCoronavirus

How antibody screening for previous coronavirus infections could help restart the economy

By
Emma Court
Emma Court
and
Bloomberg
Bloomberg
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By
Emma Court
Emma Court
and
Bloomberg
Bloomberg
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April 1, 2020, 6:09 AM ET
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Tests that could reveal whether people have already withstood COVID-19 and gained immunity will soon be widely available in the U.S., in what could be a key step in getting workers back to their jobs and restarting the economy.

New blood tests from Henry Schein Inc. and Becton Dickinson Co. look for antibodies produced in the middle to late stages of infection with COVID-19, the respiratory illness caused by the new coronavirus. Determining whether people have been infected could allow them to return to work without fear of passing along the disease or contracting it.

The test from Melville, New York-based Henry Schein produces results within about 15 minutes using only a blood sample drawn from a pinprick, according to a news release last week. The test from Becton Dickinson and BioMedomics produces similarly fast results and should be available within two weeks, Troy Hopps, a top executive in the company’s point-of-care unit, said in a Tuesday interview.

It’s unknown whether having had a COVID-19 infection will protect someone from contracting the disease again. However, exposure to a pathogen is generally thought to confer at least a degree of immunity. COVID-19 sufferers will likely have immunity for some time, though experts aren’t sure exactly how long.

As such, antibody testing could make it easier to determine whether workers, especially health-care professionals, can return. It could also help public-health officials plot strategy for a second wave of infections.

The tests, which don’t require special laboratory equipment and may even not require a medical professional, will alleviate COVID-19 testing shortfalls in the U.S., said Hopps, the executive from Franklin Lakes, New Jersey-based Becton Dickinson.

“They’re just not going to be able to fulfill the demand,” he said.

Bloomberg Intelligence analyst Jonathan Palmer said antibody testing is a “meaningful step forward.” More diagnostics-makers will likely make similar announcements over the coming weeks, he said, while cautioning that scaling up production will take time.

Closely held BioMedomics, based in North Carolina, has been shipping its COVID-19 antibody tests all over the globe, with hundreds of thousands sold in China alone, Chief Operating Officer Brad Heidinger said in a previous interview.

More coronavirus coverage from Fortune:

—USPS might have to shutter by June as stimulus package provides no funding
—Everything you need to know about the coronavirus stimulus checks
—Everything you need to know about furloughs—and what they mean for workers
—Political activists make sure Americans register to vote—from a distance
—During the coronavirus crisis, equal pay is more important than ever
—Coronavirus fight could prove fatal for addressing climate change
—PODCAST: Two health care CEOs on why coronavirus tests and vaccines are the ammunition needed to fight COVID-19
—VIDEO: World leaders and health experts on how to stop the spread of COVID-19

Subscribe to Outbreak, a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. It’s free to get it in your inbox.

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