Doug Hirsch, Co-Founder and C0-CEO of GoodRx. Heidi Petty | CNBC GoodRx, a company that helps consumers access prescription drugs at a discount, filed to go public on Friday. The company will list on the Nasdaq under the symbol GDRX. It’s part of a recent spate of IPO filings from tech companies, including data analytics
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MGM Resorts International said Friday it is sending separation letters to 18,000 previously furloughed employees throughout the United States, making their job cuts permanent for now. MGM’s Empire City remains closed in New York state, as does its Park MGM in Las Vegas. Casinos in Las Vegas, where MGM has an outsized presence on the Strip, continue
The Henry Ford II World Center, headquarters of the Ford Motor Company in Dearborn, Michigan. James Leynse | Corbis | Getty Images DETROIT — Ford Motor remains under federal investigation as part of a multi-year corruption probe into the United Auto Workers union, according to the lead prosecutor on the investigation. U.S. Attorney Matthew Schneider told CNBC that
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters The apparel maker Gap Inc. pivoted its supply chain early on in the coronavirus pandemic to make face masks. And
A hospital staff sanitizes the premisis inside the new covid hospital at Sector 39, on August 7, 2020 in Noida, India. Sunil Ghosh | Hindustan Times via Getty Images A new study that tested multiple surfaces of a New Jersey oncology unit found no traces of the coronavirus, suggesting that strict cleaning and disinfecting protocols
Hurricane Laura made landfall in southwestern Louisiana as a ferocious Category 4 monster with 150 mph winds early Thursday, swamping a low-lying coast with ocean water that forecasters said could be 20 feet deep and unsurvivable. The National Hurricane Center said the storm, which intensified rapidly Wednesday before plowing into land, came ashore at 1
Restaurateurs in New York City are pleading for clarity on when they will be allowed to offer indoor dining, warning of dire economic consequences as the monthslong prohibition drags on during the coronavirus pandemic. “The restaurant industry is going to die as we know it in this city. How can we not, at least, open
New cases of the coronavirus continue to fall in the U.S., as does testing across the country, according to data compiled by Covid Tracking Project, a volunteer project founded by journalists at The Atlantic. The Centers for Disease Control and Prevention quietly revised its testing guidance earlier this week to say that most people without
The discussion around U.S. use of convalescent plasma as a Covid-19 treatment continued on Tuesday. Food and Drug Administration Commissioner Dr. Stephen Hahn acknowledged late Monday that criticism of his comments about the benefits of the treatment are “entirely justified.” Hahn, at a press conference with President Donald Trump, said that of 100 Covid-19 patients, “35
Evacuees walk to board buses Tuesday, Aug. 25, 2020, in Galveston, Texas. The evacuees are being taken to Austin, Texas, as Hurricane Laura heads toward the Gulf Coast. David J. Phillip | AP The coronavirus pandemic has thrown a new twist on emergency preparedness in Texas as officials prepare for Hurricane Laura to make landfall
Laura became a hurricane Tuesday shortly after entering the warm and deep waters of the Gulf of Mexico, gathering strength on a path to hit the U.S. coastline as a major storm that could unleash a surge of seawater higher than a basketball hoop and swamp entire towns. The National Hurricane Center projected that Laura will become
Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the
Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs or vaccines for the coronavirus.
Dr. Scott Gottlieb told CNBC on Monday that the blood plasma treatment for coronavirus patients recently granted emergency approval by the Trump administration may be effective. “I think that this could be beneficial. It might be weakly beneficial,” Gottlieb said on “Squawk Box.” ”It doesn’t look like a home run, but right now we’re looking for singles and doubles.
Indian low-cost carrier IndiGo does not expect to be profitable in the next 18 months, according to the CEO of InterGlobe Aviation, which operates the airline. At the moment, the airline is flying at about 32% of its capacity, Ronojoy Dutta said on Friday. IndiGo is one of the largest carriers in the country, with a
U.S. President Donald Trump speaks at the 2020 Council for National Policy Meeting in Arlington, Virginia, on Friday, Aug. 21, 2020. Tasos Katopodis | UPI | Bloomberg | Getty Images President Donald Trump on Sunday will announce the emergency authorization of convalescent plasma for Covid-19, according to the Washington Post and other reports. The president
The Robert F. Kennedy Memorial Stadium is seen in this aerial photograph taken above Washington, D.C., Nov. 4, 2019. Al Drago | Bloomberg | Getty Images Jason Wright, the new president of Washington’s football team, will start his role Monday with his initial business strategies in place as he aims to fix the club’s damaged
Lisa Taylor receives a COVID-19 vaccination from RN Jose Muniz as she takes part in a vaccine study at Research Centers of America on August 07, 2020 in Hollywood, Florida. Joe Raedle | Getty Images The World Health Organization said Friday that a vaccine will be a “vital tool” in the global fight against the
On film studio set close up shot of empty director’s chair. gorodenkoff | iStock | Getty Images Solstice Studios was supposed to begin filming its newest feature starring Ben Affleck in Los Angeles back in April. While the film’s production was halted by the coronavirus, it’s the lack of widely available testing that will keep it
Director of the Centers for Disease Control and Prevention Dr. Robert Redfield pointed Friday to a new study published by his agency as evidence that there is a way to safely reopen childcare centers and schools despite the pandemic. The study that Redfield cited looked at confirmed and probable Covid-19 infections linked to childcare centers