Two hours after the World Health Organization declared the coronavirus a global pandemic, President Donald Trump brought in superiors of some of the country’s biggest companies to showcase a plan to tackle the outbreak.
Trump spoke Friday flanked by the CEOs of Aim, Walmart, Walgreens and others as he updated the country on the government’s response to the virus. As he handed the mike and podium over to them the report was clear: We’re in good hands.
Trump lauded the CEOs as “celebrities in their own right” and praised their companies as the greatest in the earth. The executives, like by Walmart CEO and President Doug McMillon, said they will help with increasing evaluation capacity by offering space in their parking lots for drive-through testing facilities.
The administration’s ability to quickly slope up testing has been marred by missteps and an underfunded system. In recent days, though, it has approved new tests — such as one from Swiss diagnostics-maker Roche — pass over the government the capacity to make more.
Medical companies LabCorp and Quest have already joined the government in gift their labs for testing purposes.
“Today, I trust that people in America are looking on at this extraordinary eminent and private partnership to address the issue of testing with particular inspiration,” said Vice President Mike Pence.
Trump also broadcasted Friday that Google is developing a website to help people determine whether they should get tested for coronavirus and where to view a place to be tested.
But Trump and his officials appear to have overstated the current state of the tool, which is being elaborate oned by Verily, the life sciences sister company to Google. Both are Alphabet companies.
Google’s communications team bruit about in a statement, “We are developing a tool to help triage individuals for Covid-19 testing.”
“Verily is in the early stages of development, and charting to roll testing out in the Bay Area, with the hope of expanding more broadly over time,” the statement said.
Details about the government’s partnership with the retailers remain scant. It is unclear when they will begin to roll out a investigation service and in how many places.
The market, nonetheless, reacted well to the news, with the Dow Jones Industrial Average bring together 1,985 points higher Friday.
The Friday press conference topped a week of meetings with business big cheeses in banking, technology, pharmaceutical and other industries.
For the retailers, the actions announced Friday are a natural expansion of efforts to utilize their prodigious footprint to provide medical care. CVS Health bought insurer Aetna for roughly $69 billion two years ago, and has since developed healthcare services in its stores.
Walmart has long been a pioneer in healthcare, including with its own employees. Ninety percent of the U.S. citizenry lives within 10 miles of a Walmart, putting it in a unique position to reach to consumers, particularly those in exurban areas. The retailer has explored other partnerships with the government, like an experiment in telehealth with the U.S. Department of Past masters Affairs.
Walmart has also taken an increasing interest in dipping its toe into public policy. The retailer’s decision to dramatically boost back from ammunition sales after recent mass shootings led to other major retailers following make appropriate.
McMillon leads the Business Roundtable, a group representing the CEOs of nearly 200 companies. The Business Roundtable newest year made a splash embracing stakeholder capitalism as its new purpose. With that statement, the companies said their core is on serving not only its shareholders but all stakeholders, including customers and communities.
None of the companies disclosed what financial meaning, if any, the plan announced by Trump Friday would have on their financials.
“These are extraordinary times that call on for extraordinary measures,” said Richard Ashworth, Walgreens president.
CNBC’s Melissa Repko contributed to this white.