With stocks lean, stores impose purchase limits on COVID-19 home tests
December 23, 2021
A spokesperson from Amazon told CNBC this week that the company was having trouble procuring supplies of COVID home testing kits and would limit sales to 10 units per customer. Similarly, CVS said on Tuesday that customers would only be allowed to buy six kits and Walgreens issued a statement saying that, “Due to the incredible demand for at-home rapid testing, we put in effect a four item purchase limit on at-home COVID-19 testing products in our stores and digital properties in an effort to help improve inventory.” In some locales, such as New York City and Miami, residents face hours-long waits at clinics and are turning to home testing out of frustration with the more accurate tests offered at the facilities.
Recent News
Apple’s Record-Breaking $110B Stock Buyback
Apple Inc., one of the world’s largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant’s board approved an additional $110 billion in share repurchases.
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.