The United Kingdom’s use of genomic sequencing to identify a more infectious strain of SARS-CoV-2 has largely served as a wake-up call for inadequate use of the technology in the U.S. Up until mid-December, the U.S. had sequenced about 0.3% of its COVID-19 samples, a percentage that is significantly lower …
Read More »Earnings Results: Peloton produces profit for the first time amid pandemic-demand spike, stock pushes toward new record
Peloton Interactive Inc. reported fiscal fourth-quarter earnings Thursday afternoon. MarketWatch photo illustration/iStockphoto A year after its initial public offering, Peloton Interactive Inc. is pedaling toward new highs amid a pandemic that is forcing people into their homes and away from gyms, creating demand for at-home fitness equipment. Peloton PTON, -3.75% …
Read More »Coronavirus update: U.S. case tally edges toward 3 million after record one-day count and Florida intensive-care units are filling up
The number of U.S. cases of COVID-19 edged closer to 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record number of new cases of the deadly illness in a single day, in the latest sign that the virus is far from …
Read More »Economic Report: U.S. businesses dealt severe blow in March from coronavirus and slip toward recession
Getty Images The coronavirus is killing Americans and devastating the economy. The numbers: Business in the U.S. posted the biggest contraction in March since the end of the Great Recession owing to massive disruptions caused by the coronavirus. A “flash” reading by the forecasting firm IHS Markit showed a small …
Read More »The Ratings Game: Dropbox stock surges toward best day on record as bulls say profit focus is a turning point
Dropbox shares are surging toward their best single-day performance on record on Friday as bulls say the stock has finally hit a turning point. The cloud-storage company initially got a warm reception from Wall Street when it came public in early 2018, but the stock has languished in recent months …
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