Coronavirus live updates: Improvement in virus mortgage bailout stalls; MGM Resort lays of 25% of U.S. workforce

The Trump administration announced the acquisition of 150 million new rapid coronavirus tests manufactured by Abbott Labs as part of a roughly $750 million deal, cornering nearly all of the supply the company expects to produce through 2020. The new test is cheap, produces results quickly and can be administered without the use of scarce and technical lab equipment. The Department of Health and Human Services said the tests will “potentially” be deployed to schools and “special needs populations.”

Here are some of the day’s important headlines:

FDA appears to ease a key at-home coronavirus test requirement, Gottlieb says

Improvement in virus mortgage bailout stalls

J&J to begin phase two vaccine trials in Europe next week

Germany’s Merkel warns of difficult winter

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