The U.S. government has started cancelling contracts for ventilators after the national stockpile reached its target. That’s led CPAP-maker Philips to cut its earnings outlook. U.S. imports of ventilators climbed 31.5% year over year in the three months to July 31, though exports have also increased as a result of shipments to harder hit countries. U.S. seaborne imports of ventilators linked to Philips had surged 122% in the three months to July 31 versus Q1 but have already started to decline in August. Philips’ other products have done better with a 9.3% year over year in imports in th...