CNBC Business

Tesla CEO Elon Musk said on this week's earnings call that the electric car company is close to full self-driving and a 'revolutionary' insurance product, but auto insurers don't seem worried.

A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry.

A CNBC analysis of testing data found that even as the U.S. has increased its testing capacity, cases of the virus are being found at a higher rate, a pattern that contradicts what epidemiologists say should be happening as a country gets a pandemic under control.

The World Meteorological Organization warns that temperatures in Siberia were about 18 degrees F above average in June.

The coronavirus has infected more than 15.62 million people around the world as of Friday, killing at least 635,086 people.

The superintendent said in an interview with NBC News' Lester Holt that the virus is spreading too rapidly for children to return to campus.

"Flu last year infected 11.8 million kids. We have not infected anywhere near that number of kids with Covid, and we don't want to find out what it might look like if we did," former FDA commissioner Scott Gottlieb said.

"We're finding that beef costs, seafood costs are actually coming down and something that we can take advantage of," Bloomin' Brands CEO Dave Deno told CNBC.

Shares of Boston Beer jumped more than 25% on Friday after a strong quarter, and the company's CEO told CNBC that spiked seltzer should continue to drive growth.

White House coronavirus advisor Dr. Anthony Fauci said that a coronavirus vaccine likely won't be "widely available" to the American public until "several months" into 2021.

Known for his candid advice, Fauci has often opposed President Donald Trump in recommending school closures, state lockdowns and the use of face masks.

The Army is helping Florida in case it needs to quickly build out more surge capacity at its hospitals as Covid-19 cases continue to rise, seeking contractors who can build temporary facilities with 10 days notice.

President Donald Trump is expected to sign three executive orders Friday targeting the pharmaceutical industry with the aim of lowering drug prices.

The U.S. Attorney's Office for the Southern District of New York said DHS was dropping its opposition to New York's previously announced lawsuit over the program, admitting the agency had made "inaccurate or misleading" statements.

"This could move the numerator for women's sports," Cathy Engelbert told CNBC on Friday. "It's existential for us to have a season, economically."

The FAA is warning airlines to inspect some older 737 jets that have been in storage for potential corrosion that could cause engine shutdowns.

The company will require customers to wear face coverings, starting Aug. 1.

Universal Studios announced that its annual Halloween Horror Nights event has been canceled due to operating restrictions linked to the coronavirus.

Simon, which is the biggest U.S. mall owner by the number of malls it operates, had already teamed up with ABG to supply financing to carry Brooks Brothers through its restructuring, as the retailer searched for a buyer.