CVS announced today that it would limit purchases of rapid COVID-19 tests. The pharmacy company cited increased demand, and we can probably blame Delta for that. 🤷
Customers will be limited to just six packages of the tests when ordering online or four when ordering in pharmacies. CVS said they’re working with suppliers to ensure a steady stock of tests to “meet testing needs” amidst a period of high demand. Over-the-counter tests do not require a prescription or doctor’s order for purchase.
The Delta variant has been a key factor why reopening stocks have underperformed. However, COVID concerns might be affecting the broader economy as well. According to a study done by the Federal Reserve Bank of Kansas City, the variant may be responsible for slowing job applications. However, the U.S. labor market appeared strong in spite of the virus, according to the payrolls report earlier this month.
At the end of summer, politicians and health leaders warned that COVID could continue to evolve. Many prominent figures are echoing the need for booster shots and flu shots to avoid repeating last winter’s numbers. 💉 In some states, hospitals are already overcrowded. One report claims that the U.S. might see over 100,000 more COVID-19 deaths between now and Dec. 1 if the country doesn’t act quickly.