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FDA grants emergency authorization to first over-the-counter, at-home COVID antigen test

The Food and Drug Administration granted emergency authorization Tuesday to Ellume's over-the-counter antigen COVID-19 test for fully at-home use.

Why it matters: Once available, a person in theory would be able to buy the test in a drug store, swab their nose, and run the test for results in about 20 minutes.


  • The company anticipates selling the test at about $30 or less. Ellume's goal is to produce 3 million tests by January and to deliver 20 million tests by the first of half of next year.

The big picture: Currently, home kits that test for the novel coronavirus either still need a prescription or require swabs be shipped to a lab, which could take days for results.

How it works: The rapid test can be used by symptomatic and asymptomatic users ages 2 years and above. This type of test detects fragments of proteins of the SARS-CoV-2 virus from a nasal swab sample.

  • A clinical study demonstrated overall sensitivity of 95% and specificity of 97%, according to Ellume.

Yes, but: Like all other antigen tests, "a small percentage of positive and negative results from this test may be false," the FDA notes.

  • "Patients without symptoms, positive results should be treated as presumptively positive until confirmed by another test as soon as possible."

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Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity

Robert Smith's admission to tax fraud has done more than just cost him a whopping $140 million. It's also roiled Vista Equity Partners, the private equity firm he founded and leads, with some insiders and limited partners feeling they were misled (or left in the dark) about the extent of Smith's legal troubles.

Behind the scenes: Smith called a virtual meeting of Vista's managing directors and other top staffers on Wednesday, to discuss details of his settlement. A source says he called the overall experience "humbling" and that he regretted the "undue burden" that his actions had put on others, including some Vista colleagues.

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SurveyMonkey poll: Trump improves, but not enough

President Trump's final debate performance exceeded Americans' expectations, but it wasn't enough to shift the dynamics that left him trailing Joe Biden across most measures, according to a new Axios-SurveyMonkey poll.

What they're saying: "Liar" was the word used most by debate watchers to describe Trump's performance, followed by "lies," "strong," "presidential" and "childish." "Presidential" was the word used most to describe Biden's performance, followed by "liar," "weak," "expected" and "honest."

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Live: Apple debuts MacBook Air, Mac Mini with homegrown processor

Apple on Tuesday debuted the first Macs with homegrown chips, introducing updated versions of the MacBook Air and Mac mini that use its new M1 processor.

Why it matters: The move away from Intel processors could reduce costs for Apple and give the company more flexibility in design, but also adds short-term uncertainty as well as extra work for developers.

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