“The White House had been preparing on Wednesday to announce amid an escalating pandemic that a joint venture between General Motors and Ventec Life Systems would begin producing as many as 80,000 desperately needed ventilators when word suddenly came down that the announcement was off,” the New York Times reports.
“The decision to cancel the announcement, according to government officials, came after the Federal Emergency Management Agency said it needed more time to assess whether the estimated cost was prohibitive — more than $1 billion.”
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