Flaw in mass testing, BP chief weighs in on oil, rental car groups under pressure

The head of an Italian biotech company that sells Covid-19 diagnostic and antibody tests told the FT that demand far exceeded supply as countries put mass testing at the centre of plans to ease lockdowns, BP’s new chief executive, Bernard Looney, said the coronavirus hit to crude consumption was likely to endure beyond the pandemic, and, as coronavirus takes a devastating toll on senior living homes, investors are being forced to recognise they are more than mere landlords. Plus, the FT’s motor industry correspondent, Peter Campbell, explains why fewer bookings is not the only reason rental car companies are hurting.  To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.  

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