EU signs contract with Philips on ventilators

BRUSSELS (Reuters) - Dutch electronics giant Philips signed a contract with the European Commission to supply medical ventilators to EU hospitals, the company and EU officials said, in a deal that comes as most EU countries reached the peak of the COVID-19 outbreak.Other companies have signed similar contracts with the European Union as part of a joint procurement scheme the Commission launched in March on behalf of 25 EU states.But no ventilator has yet been delivered under the scheme.Last..