Yahoo Finance’s Emily McCormick joins Seana Smith to discuss how Americans staying at home during the coronavirus pandemic is powering Peloton's bike sales....
Generic drugmaker Teva Pharmaceutical Industries Ltd (NYSE: TEVA) reported a first-quarter earnings beat as the company managed to maintain business continuity, CEO Kare Schultz said on CNBC's "Squawk on the Street."Teva's 'Very Good' Quarter Teva is dedicated to supplying therapies to the 200 million people who use its generic drugs and this resulted in a "very good" quarter, the CEO said.Looking forward, the company expects to see "some reversal" of the strong demand seen in March, but Schultz said full-year revenue should fall within its guidance.Teva Supply Chain Update One of Teva's drugs, propofol, experienced shipping delays due to the COVID-19 pandemic. Part of the problem stems from a reduction in air traffic, less air cargo availability and some countries placing new restrictions on imported goods.While air cargo issues remain a problem, Teva is seeing improving conditions, as it has been able to increase volume outputs, but with higher transportation costs.In...
Talking with stand-up comic Joe Rogan, the billionaire also doubled down on his critique of stay-at-home orders imposed by U.S. states to curb the spread of the coronavirus. Musk said states' lockdown orders were "unconstitutional" and would not hold up before the U.S. Supreme Court if challenged. The interview marked Musk's second appearance on Rogan's podcast, which is videotaped and published online....
As it plans for a possible L-shaped recovery, with a slower rebound that does not not begin until the third or fourth quarter, JetBlue Airways is pausing aircraft cabin updates and delaying plans to expand to London. But even as it conserves cash, the airline still expects to take its first delivery of Airbus' newest […]...
Activision Blizzard (NASDAQ: ATVI) exceeded expectations with its first-quarter report Tuesday.The company's financial boost stems from the releases of AAA titles like "Call of Duty: Modern Warfare" and its free attachment "Call of Duty: Warzone," which has reached over 60 million players since its launch March 10."Modern Warfare" has sold more units and has more active players than any prior "Call of Duty" title. In addition, "Call of Duty Mobile" has consistently released content since its October launch. Stay-at-home orders due to the coronavirus have also helped lift sales, and while the pandemic has affected the "Call of Duty" League, all events have successfully been shifted to online play and production at YouTube.The video game publisher posted adjusted sales of $1.522 billion and earnings of 58 cents per share, beating the 38-cent-per-share Street estimate. "I've conducted over 100 earnings calls and none was under a backdrop of so much uncertainty for...
