Gilead Sciences will have sufficient global supply of its coronavirus treatment remdesivir by the end of October, CEO Daniel O’Day told CNBC on Friday. The comments came shortly after the publication of peer-reviewed final data from Gilead’s large-scale trial of remdesivir. It showed the antiviral drug helped Covid-19 patients who are hospitalized recover five days faster on
Business
A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in New York, March 12, 2020. Andrew Kelly | Reuters Broadway theaters will remain closed through May. The Broadway League, a trade organization representing producers and theater owners, announced Friday
Brock Bagby, the executive vice president of B&B Theatres, next to his father Bob Bagby, the CEO. B&B Theatres B&B Theatres, the sixth largest cinema chain in the U.S., has been operating for nearly 100 years. Its owners now say it is months away from filing for bankruptcy protection. The family-owned business has 48 theaters
Noam Galai | WireImage | Getty Images Not even Santa knows what this holiday season is going to put under the tree for retailers. The challenges brought on by the coronavirus pandemic have upended the retail industry – forcing stores and malls temporarily shut, pushing some companies into bankruptcy court and accelerating store closures. It
American Airlines would be forced to discontinue service to additional U.S. markets in the absence of new coronavirus relief from Washington, CEO Doug Parker told CNBC on Thursday. The airline has already cut service to 13 cities through the month of November, Parker pointed out on “Squawk Alley,” shortly after House Speaker Nancy Pelosi, D-Calif., rejected the idea of
A medical worker takes a nasal swab sample from a student to test for COVID-19 at the Brooklyn Health Medical Alliance urgent care pop up testing site as infection rates spike on October 8, 2020 in New York City. Angela Weiss | AFP | Getty Images California-based lab test manufacturer GenMark Diagnostics announced Thursday that the Food
Alex Azar, secretary of Health and Human Services (HHS), wears a protective mask during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., U.S., on Friday, Oct. 2, 2020. Azar is appearing before the committee to testify on the coronavirus crisis and the Trump administration’s portrayal of Covid-19 deaths. Photographer: Michael A.
Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to harass” and discredit the billionaire by publicly accusing him over Twitter of sexually abusing women, according to the lawsuit filed Monday. David Bateman, the founder and CEO of software company Entrata, started tweeting about Milton in late September, posting
Shoppers wearing protective masks exit from a Hennes & Mauritz (H&M) store in the Herald Square area of New York, U.S., on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images “Disaster” is one word being used to describe the potential fallout for the retail sector from on-again, off-again economic stimulus talks in
McDonald’s new cinnamon roll, apple fritter and blueberry muffin Source: McDonald’s McDonald’s is adding baked goods to its permanent menu for the first time in more than eight years as the fast-food giant tries to revive its breakfast sales. Starting Oct. 28, customers will be able to buy an apple fritter, blueberry muffin or cinnamon roll
Levi Strauss & Co. shares soared more than 9% Tuesday after the denim maker reported online sales growth of 52%, which helped offset losses elsewhere in the business during the fiscal third quarter. Management told analysts it expects the strong performance will continue into the holiday quarter, though it is calling for sales to be down
Seema Verma, administrator of the Centers for Medicare and Medicaid Services, speaks at the daily coronavirus briefing at the White House on April 19, 2020 in Washington, DC. Tasos Katopodis | Getty Images The Department of Health and Human Services is threatening to withhold U.S. funding from hospitals that fail to comply with federal requirements
Police move in to disperse protesters in Trafalgar Square in London on September 26, 2020, at a ‘We Do Not Consent!’ mass rally against vaccination and government restrictions designed to fight the spread of the novel coronavirus, including the wearing of masks and taking tests for the virus. JUSTIN TALLIS | AFP | Getty Images
Cineworld CEO Mooky Greidinger told CNBC on Monday the theater chain made the decision to close its U.S. and U.K. locations because there are not enough blockbuster movies being released to attract attendees during the pandemic. “We are now like a kind of a grocery shop that have no food to sell,” Greidinger said on “Squawk Alley.” The parent
3D illustration of coronavirus on a colored background. Leonello Calvetti | Stocktrek Images | Getty Images The Centers for Disease Control and Prevention revised its guidance on the coronavirus Monday, acknowledging that it can sometimes spread through airborne particles that can “linger in the air for minutes to hours” and among people who are more
Dr. Scott Gottlieb on Monday urged the White House to develop stronger health protocols after the Covid-19 infection of President Donald Trump. Trump, who announced his diagnosis early Friday morning, is now being treated for Covid-19 at Walter Reed National Military Medical Center. “I hope the whole White House takes a different approach. I don’t think
A billboard advertising Chinese video app TikTok at Wangfujing street on August 20, 2020, in Beijing. VCG | Visual China Group | Getty Images GUANGZHOU, China — China’s technology giants — like their U.S. counterparts — have seen business thrive during the coronavirus pandemic. But the tech industry is at a crossroads, facing an uncertain
White House physician Sean Conley answers questions surrounded by other doctors, during an update on the condition of US President Donald Trump, on October 4, 2020, at Walter Reed Medical Center in Bethesda, Maryland. Brendan Smialowski | AFP | Getty Images President Donald Trump experienced two drops in his oxygen levels over the course of his
U.S. President Donald Trump walks to the South Lawn of the White House before boarding Marine One in Washington, D.C., U.S., on Friday, Oct. 2, 2020, on his say to Walter Reed National Military Medical Center to be treated for Covid-19, the White House said. Sarah Silbiger | Bloomberg | Getty Images President Donald Trump’s
2021 F-150 Limited Ford Sales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter. While Ford’s vehicle sales fell by just 4.9% from the same time last year, the drop was about half that of the broader industry and smaller