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ABBOTT warned on Thursday it expects more than $1 billion in financial headwinds this year from a sharp decline in Covid-19 testing demand, new US tariffs and the government’s foreign aid freeze.

Common cold coronavirus incidence decreased by more than half after widespread SARS-CoV-2 infections and vaccination compared ...

Medical device sales remained a bright spot for the company, however, with more than 20% growth in diabetes devices.

Abbott warned on Thursday it expects more than $1 billion in financial headwinds this year from a sharp decline in COVID-19 testing demand, new U.S. tariffs, and the government's foreign aid freeze.

The firm saw growth in its core laboratory segment but declines in molecular, point of care, and rapid diagnostics.