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"If the economic shutdown goes beyond April into the third quarter, I would be less optimistic," the Omega Advisors founder told CNBC on Friday.

"People across Alphabet are volunteering time (and) I've never seen so much commitment to do the right thing," said Jessica Mega, chief medical and scientific officer at Verily.

Hospitals are facing ventilator shortages that could mean the difference between life and death for many patients.

"Our death toll curve is now worse than when China was at the same stage," Haven CEO Dr. Atul Gawande tells CNBC.

The stocks making the biggest moves in premarket trading include Gap, KB Home, Lululemon, Toyota, and more.

Dow futures were pointing sharp losses after the Dow Jones Industrial Average surged 6.4%, capping its biggest three-session winning streak in 89 years.

Global cases of infection rose above 530,000 and around 24,000 people have died, according to data compiled by Johns Hopkins University.

Most ad agency executives agree that trying to advertise during unprecedented times is a difficult balance.

While most of us will have to settle for self-isolation in our own home or apartment, the rich are hunkering down in state-of-the-art bunkers and fleeing to private islands to escape the coronavirus.

Singapore announced stiff fines and jail on Thursday night for people who do not observe social distancing measures put in place to contain the coronavirus outbreak.

U.S. President Donald Trump said on Friday he spoke with his Chinese counterpart Xi Jinping and discussed "in great detail" about the coronavirus pandemic, which has so far killed more than 24,000 people globally.

Demographics, social behavior and lower testing capacity are just some of the reasons why Italy and Spain have the highest number of deaths from the coronavirus, health experts told CNBC.

Chinese President Xi Jinping called on G-20 leaders for greater coordination to restore confidence in global growth in face of the impact of the coronavirus, according to a state media transcript of his remarks on Thursday.

The move comes as ties between Washington and Beijing grow more strained, with both sides trading barbs over who is to blame for the spread of the coronavirus disease.

As countries race to fight the coronavirus outbreak, many are boosting the surveillance of citizens in a move that's raising privacy concerns.

Last month, BTS canceled its Seoul concert also scheduled for April as South Korea was grappling with its own outbreak.

Veeva Systems CEO Peter Gassner said its customer relationship management platform has been made free to help in the research and development of medical solutions for coronavirus.

Major outbreaks in so-called hot spots such as New York threaten to overwhelm the local hospital systems, which have a limited number of beds, staff and equipment.

The cruise industry was ground to a halt by the coronavirus pandemic, after a number of outbreaks on ships. Carnival, Royal Caribbean and Norwegian Cruises have all suspended operations.