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.
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Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Wall Street was quiet early following a lackluster session a day earlier as markets await U.S. inflation data and high-profile corporate earnings reports later in the week.
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CES 2024 starts this week in Las Vegas. It's set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more. Here's a list of the coolest announcements so far.
