Allianz, which is one of the main insurers for entertainment companies, estimates that Hollywood studios paid $400 million in premiums last year to cover "unforeseeable events." Now the bill is coming due.
Yelp said it has seen a dramatic decrease in consumer interest across the nation due to social distancing mandates. The company has already cut executive pay by 20% to 30%, reduced server costs and deprioritized projects.
Dr. Stanley Plotkin invented the rubella vaccine at the Wistar Institute, which is credited with eradicating the disease in the U.S. in 1964. He is now consulting for pharmaceutical companies on vaccine development to halt the COVID-19 pandemic.
The First Responder COVID-19 Guide app is one of several new technology initiatives to connect people at high-risk for COVID-19 infection with testing. Stanford built the app with Apple's help.
Tesla sold 10,160 vehicles in China in March, its highest ever monthly sales in the world's largest auto market, the China Passenger Car Association said.
Birx said the New York metropolitan area, which includes Northern New Jersey, Connecticut and Rhode Island, is still reporting roughly 11,000 new cases a day and that about 40% of all COVID-19 tests are positive.
CNBC's Becky Quick interviews Bill Gates, the co-founder and former CEO of Microsoft. Gates breaks down his past warnings about the potential dangers of a global pandemic, about China getting back to business, and how the United States might emerge from widespread coronavirus lockdowns.
"I think we need to be very careful that we don't pull back some of these measures too soon," former FDA Commissioner Scott Gottlieb told CNBC on Thursday.
Britain will be hit harder by the coronavirus crisis than any other European country, researchers have predicted, with the U.K. expected to see more than 60,000 deaths from COVID-19.
The U.S. has reported the world's highest number of coronavirus cases at more than 400,000, with over 14,000 deaths, according to data compiled by Johns Hopkins University.