U.S. regulators have urged people with children and pets to stop using a Peloton treadmill after one child died and nearly 40 others were injured in incidents related to the running machine.
The US Consumer Product Safety Commission (CPSC) said on Saturday it had received reports of toddlers and a pet being dragged under the back roll of the Tread +, resulting in fractures, scratches and the death of one child.
Peloton: Warning is ‘misleading’
However, Peloton Interactive Inc. claims that the warning is ‘inaccurate and misleading’, the Associated Press said in a press release.
Children and pets located in New York should be kept away from the treadmill, while it should be turned off when not in use, with the safety key removed. Under these conditions, the machine remains safe, Peloton said.
But the CPSC said a child was pulled under the treadmill in at least one case while a parent was running on it, suggesting it could be dangerous for children, even if there is an adult.
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Coronavirus’s Best Winners: From Netflix to Tesla
In top rat
Tesla is the most valuable carmaker amid the pandemic, which is obscuring Toyota and Volkswagen, despite selling only a fraction of the cars sold by traditional reserves. Tesla shares rose more than 100% in the second quarter, during which the carmaker’s sales were up, thanks to a rapid increase in production at its Shanghai plant, which largely affected the pandemic.
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Coronavirus’s Best Winners: From Netflix to Tesla
Netflix and relax
Netflix added more than 25 million subscribers in the first six months of the year as lockers forced people to stay home. The streaming platform gained $ 70 billion (€ 61 billion) in market capitalization this year, making it more valuable than media giants such as Walt Disney, AT&T, the parent of HBO, and Comcast, owner of NBC and Universal Studios.
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Coronavirus’s Best Winners: From Netflix to Tesla
Do your gym
The fitness company Peloton, which makes exercise bikes and also offers online fitness classes, saw its sales increase by 66% in the third quarter, as home orders and fears of the coronavirus prompted many fitness enthusiasts to drop out of their gyms and opt for the offer of the company. . In April, Peloton held its largest class ever with more than 23,000 people attending from home.
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Coronavirus’s Best Winners: From Netflix to Tesla
Billionaires of Coronovirus
Stephane Bancel (R), CEO of Moderna, soon became a billionaire after the company sent an experimental coronavirus vaccine for clinical trials to humans, which increased the share price, Bloomberg reports. Malaysia’s Lim Wee Chai (L), who owns a majority stake in medical glove maker Top Glove, also joined the billionaire club amid the outbreak.
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Coronavirus’s Best Winners: From Netflix to Tesla
Stay at home, stay connected
Few companies have been as talkative as the teleconferencing firm Zoom in recent months. At its peak, the company attracted more than 300 million participants in some days in April, compared to 10 million in December, despite some PR issues surrounding privacy and security issues. The company’s market capitalization raised more than $ 70 billion, compared to $ 16 billion at the time of its IPO last year.
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Coronavirus’s Best Winners: From Netflix to Tesla
Game winnings
Game is a perfect escape for millions sitting at home. Online games like Call of Duty have attracted tens of millions of players. The latest game, Nintendo’s popular Animal Crossing franchise, sold more than 13 million units within six weeks of its launch in March. Nintendo’s Switch and other consoles such as Xbox and PlayStation have raised demand over the past few months.
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Coronavirus’s Best Winners: From Netflix to Tesla
Stream to glory
The Swedish music streaming company increased its paid subscriber base in the first quarter amid the coronavirus closures. The company increased its use on video games such as Xbox and PlayStation during the period. Spotify’s US listed stocks are one of the best performers so far this year.
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Coronavirus’s Best Winners: From Netflix to Tesla
Stay Home Shares
The pandemic has boosted household stocks such as Apple, Microsoft, Amazon and Facebook – companies that offer online communications, remote work and transactions. These companies have been the main drivers for US indices over the past few months. Businesses such as Paypal and the cloud computing firm Twilio have also risen in recent months.
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Coronavirus’s Best Winners: From Netflix to Tesla
Empty shelves
Retailers such as the German Reef and the French Carrefour saw food products fly off their shelves during the first days of the pandemic while panicked buyers had their stock in stock. The rush to the supermarkets prompted investors to accelerate shares in packaged food businesses. Online retailers like Amazon also see a big demand because shoppers haunted by viruses avoid brick stores.
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Coronavirus’s Best Winners: From Netflix to Tesla
Safety first
Face masks, hand sanitizers and sanitary napkins are making a huge increase in demand as buyers around the world are looking for ways to protect themselves from the rapidly spreading virus. 3M Corp., which makes face masks, among other things, is one of the biggest beneficiaries.
Author: Ashutosh Pandey
Pandemic gains
Best known for its stationary bikes with built-in commentary from fitness instructors, Peloton unveiled its $ 4,000 (€ 3340) treadmill about three years ago before being re-named the Tread +.
Sales of Peloton equipment rose during the pandemic with people seeking to rectify their urge in the absence of an open gym.
Peloton brought in $ 1 billion in revenue in the last three months of 2020, more than double the amount for the same period of 2019.
Associated Press contributed to this article.
