Drivers for ride-sharing companies like Uber and Lyft have been petitioning for sick leave time, trying to lower risk for exposure to coronavirus, and using best practices to keep healthy. One of the major pieces of advice from organizations like the Centers for Disease Control and Prevention and the companies themselves, though, is to wash hands frequently, a nearly impossible task for drivers clocking hundreds of trips a week from behind the wheel of a car.
In response, Lyft and EO Products, the parent company of Everyone brand, will distribute more than 200,000 bottles of hand sanitizer and other cleaning products to drivers for free, the company said. Tom Feegal, president of EO Products, told Cheddar the company “felt philosophically and ideologically aligned with Lyft, and we have a clear and mutually understood commitment to public health.”
Though many stores around the nation currently display ‘out of stock’ signs for hand sanitizers and masks, producers are trying to keep up with demand and provide more products. Feegal said the 25-year-old company learned from 2009’s H1N1 outbreak and anticipated an increase in demand in response to coronavirus concerns.
”We increased production by four times over the last four weeks or so,” said Feegal.
To do so, Feegal said the company has had to reach out to existing and new supply chain partners to maintain the availability of ingredients and raw materials.
“We were forced to reach out to alternative suppliers and make sure we would have enough to reach our reforecasted demand in the very short term,” he said.
That increased production should help the company meet retail demands as well as the needs of this new partnership, Feegal added.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
