Who would've thunk it? Abbott Laboratories' (NYSE: ABT) "fast, $5, 15-minute, easy-to-use COVID-19 test" is music to stock investors' ears -- and cruise stock investors in particular are cheering.
This morning, pharmaceutical giant Abbott announced that the FDA has granted emergency use authorization for healthcare providers to use its new "rapid, reliable, highly portable, and affordable" on-site test for the novel coronavirus. In just 15 minutes, the test can tell you if you have contracted the novel coronavirus -- and deliver the results straight to your iPhone or Android phone.
Shares of Royal Caribbean Cruises (NYSE: RCL) stock are up 4.8% in response as of 10:30 a.m. EDT. Carnival Corporation (NYSE: CCL) is up 5.7%, and Norwegian Cruise Line Holdings (NYSE: NCLH) shares are gaining 6.7%.