The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.
________________________ THE HEALTH BIZ: In this era if dire medical need, hospitals and other parts of the health sector have seen incoming revenue erode to almost nothing. — Quest Diagnostics' testing volumes dropped more than 40% during the last two weeks of March, including COVID-19 testing.
The company said in a regulatory filing that its cost-cutting measures include salary reductions for executives, suspension of its 401 (k) match, fewer hours for employees whose work has significantly declined and furloughs for employees with