Business

A Gilead Sciences office is shown in Foster City, California, U.S. May 1, 2018. Stephen Lam | Reuters Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after details leaked of a closely watched clinical trial of the company’s antiviral drug Remdesivir appeared to show promising results in treating Covid-19. The University

Getty Images Sales of new vehicles to U.S. consumers declined less than expected at the beginning April despite the coronavirus outbreak and state orders keeping most dealer showrooms closed across the country, according to J.D. Power. After U.S. auto plants closed and most states enacted “stay-at-home” or “shelter-in-place” orders last month, J.D. Power expected year-over-year sales

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 1,996,600 Global deaths: At least 127,590 US cases: More than 609,600 US deaths: At least 26,059 The data

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond reported Wednesday fiscal fourth-quarter results that topped analysts’ estimates, but warned it could not make predictions for 2020 due to the coronavirus pandemic. The company said that despite widespread, temporary store closures, it still

A bottle of Prasco Laboratories Hydroxychloroquine Sulphate is arranged for a photograph in the Queens borough of New York, U.S., on Tuesday, April 7, 2020. Christopher Occhicone | Bloomberg | Getty Images Researchers are working as quickly as science will allow to determine whether hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump as

Medical personnel are seen outside NYU Langone Health hospital as people applaud to show their gratitude to medical staff and essential workers on the front lines of the coronavirus pandemic on April 11, 2020 in New York City. Noam Galai | Getty Images The coronavirus pandemic outlined exactly what America sees as essential for a

Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what

People need to get back to work — and will likely spend weeks in the office — before they get back in the mall, according to the owner of Hudson Yards in New York.  “My guess is we go back to offices first,” Related Companies CEO Jeff Blau told CNBC’s Andrew Ross Sorkin on Tuesday. “I think

Reported COVID-19 cases around the world approached two million on Monday, doubling in 11 days as World Health Organization officials caution patience before lifting social distancing restrictions. Covid-19 has infected more than 1,918,855 people around the world and killed at least 119,588 people, according to data compiled by Johns Hopkins University. Hopkins’ data previously showed that the cases had passed

Federal health officials have granted an emergency use authorization for a coronavirus test relying on saliva samples that was developed by a Rutgers University-backed entity, the New Jersey college announced Monday. The newly authorized test, which require a person with coronavirus symptoms to spit into a cup, could increase by up to 10,000 tests per

Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Ford Motor shares dropped by about 3% after the automaker warned of a 15.7% drop in first-quarter revenue as the coronavirus depresses sales

An intensive care nurse is standing by a bed with a ventilator in a patient room in the intensive care unit of the university hospital. The University Hospital in Mannheim has established a coronavirus diagnosis center. Uwe Anspach | Picture Alliance | Getty Images U.S. tariffs on imported medical equipment, particularly from China, have added

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 1,612,600 Global deaths: At least 96,787 US cases: More than 466,200 US deaths: At least 16,686 The data

The coronavirus has now infected over 500,000 people in the U.S. on Friday night, constituting almost one-third of all cases across the globe, according to data from Johns Hopkins University.  As of 9:25 p.m. Eastern Time, the U.S. has recorded 500,399 cases of the coronavirus disease, or Covid-19, of which 174,481 were in New York,

File photo of an almost-empty passenger plane. Laurel Chor | Getty Images The country’s largest airlines will have to compensate taxpayers for billions in payroll grants to weather coronavirus, the Treasury Department said Friday, leaving the door open to an aid structure that sparked criticism from labor unions, some lawmakers and industry members. The Treasury

Restaurants in the U.S. are reeling from city- and statewide coronavirus initiatives that shut down many dining rooms essentially overnight. As Americans stay inside and refrain from going out to eat, small and independently owned restaurants are facing massive uncertainty. The National Restaurant Association estimates that 3 million industry employees have already lost their jobs,

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 1,709,000 Global deaths: At least 103,536 US cases: More than 501,600 US deaths: At least 18,777 The data

Fiat Chrysler is recreating the 1993 movie “Groundhog Day” with Bill Murray for a Super Bowl ad for the Jeep Gladiator pickup. Fiat Chrysler Fiat Chrysler is reviving its “Groundhog Day” Super Bowl ad featuring actor Bill Murray as part of a series of social media videos for its brands and the coronavirus pandemic. The

Greektown, a popular casino and restaurant area of Detroit, sits deserted during evening rush hour on April 6, 2020. Michael Wayland / CNBC The streets of downtown Detroit are desolate. Its factories are shuttered. A city that for the first time in a lifetime was showing strong signs of a resurgence has been brought to

General Motors Co. Chevrolet pickup trucks sit on display for sale at a car dealership in Louisville, Kentucky, U.S., on Wednesday, Jan. 31, 2018. General Motors Co. is scheduled to release earnings figures on February 6. Luke Sharrett| Bloomberg | Getty Images Angelo Salvadore is one of the luckier ones when it comes to his