CNBC Business

About 7 in 10 manufacturers of pharmaceutical ingredients supplying the U.S. are overseas, including 13% in China, according to FDA testimony.

Following the troubled launch of its Explorer SUV last year, Ford said production and sales of the popular vehicle are gaining momentum.

The WHO has yet to classify the virus as a pandemic, but officials have warned that the threat of a pandemic is "very real."

Attention now turns to the European Central Bank (ECB) in what will be the first big test for its president, Christine Lagarde.

"It is a painful setback," Adidas CEO Kasper Rorsted says about the coronavirus outbreak.

"All of these decisions have major costs. If we close the schools, hundreds of thousands of kids will have nowhere to get lunch and breakfast," New York City Councilman Mark Levine told CNBC.

PepsiCo to acquire Rockstar Energy in a $3.85 billion deal, doubling down on energy drinks and with an eye toward turning around its struggling Mountain Dew brand.

The U.S. House of Representatives Oversight and Reform Committee is holding a hearing Wednesday on the country's preparedness and response to the coronavirus outbreak that has swept across the nation.

Attorneys for a woman suing Wynn Resorts are questioning the appointment of a federal magistrate who was once the lead counsel for Wynn Las Vegas in the case.

Dow futures on Wednesday were pointing to an opening loss that would give back much of Tuesday's 1,100-point snap-back rally.

Jim O'Neill, the chair of U.K. think tank Chatham House, on Wednesday commended the "fast, aggressive" Chinese response to the coronavirus outbreak, suggesting western countries should follow suit.

Bakers in Seattle, San Francisco and New York City are losing thousands of dollars of Pi Day sales as companies close offices due to the COVID-19 outbreak.

Italy's Prime Minister Giuseppe Conte announced the government will set even more money aside to tackle the outbreak, raising spending to $28.3 billion.

Cruise stocks Royal Caribbean, Carnival and Norwegian have sustained serious losses amid the global spread of the coronavirus, but "all hope is not lost" for the group, says Todd Gordon, managing director at Ascent Wealth Partners.

There were just over 100 confirmed cases in the U.S. one week ago, on March 4, according to the World Health Organization.

A national lockdown remains in place and potentially tougher measures are being considered.

The number of service-based retailers — such as a Dave & Buster's entertainment venue, a local spa operator or Cheesecake Factory restaurant — surged 20.5% from 2002 to 2017, totaling 1.2 million spaces, a new report from commercial real estate services firm JLL found.

The Italian government introduced restrictive measures Monday night across the country's entire population.

The oil price rout this week may be a chance for the industry to restructure and could ultimately be a positive for the market, a strategist said on Wednesday.

The new coronavirus has infected more than 110,000 people across at least 110 countries and territories, with over 4,000 deaths globally, according to the World Health Organization.