Will the ventilator deal proceed?
Will the ventilator deal proceed?
Sources:
The ventilator deal, involving a collaboration between General Motors and Ventec to produce ventilators, faced significant uncertainty and postponements. Initially, there was an announcement planned for the production of potentially 80,000 ventilators, but it was called off. This was due to FEMA needing more time to assess the high estimated costs, which exceeded $1 billion, with substantial payments needed upfront. The production promises also decreased from an expected 20,000 ventilators to just 7,500, and even this lower number was uncertain. Given these complications, the government started considering other proposals, with FEMA and military officials sorting through competing offers under pressure to facilitate a suitable announcement for President Trump 1.
Ventilator Deal Uncertainty
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