Coronavirus live updates: CDC warns vaccine supply could be limited at first; Dow recovers 2020 losses

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:

The following data was compiled by Johns Hopkins University:

• Global cases: More than 24.56 million
• Global deaths: At least 833,508
• U.S. cases: More than 5.9 million
• U.S. deaths: At least 181,435