Shares of Peloton Interactive were down about 9 percent in mid-day trading Monday after the U.S. Consumer Product Safety Commission (CPSC), in an unusual move, warned people to stop using the company’s Tread+ “immediately” if they have children or pets in the home, citing 39 incidents including one death. Peloton called the warning “inaccurate and misleading” but some analysts felt the heightened safety concerns could slow subscriber growth.
The warning comes after Peloton, on March 19, released news of a child’s death by a $4,000 Tread+ and CPSC’s announcement of an investigation into that incident.
The agency’s warning is another blow for the once high-flying company that has also recently seen its staggering growth capped by inventory constraints for its popular connected bikes amid the pandemic. The constraints have led to long wait times for customers.
No sail, big worries: CDC halt to cruises creates unease in Alabama
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Today 8:00 AM
The Alabama Cruise Terminal pictured during the afternoon hours on Thursday, March 12, 2020, in Mobile, Ala. (John Sharp/jsharp@al.com).
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Angela Oaks Ockman is ready to get back to cruising. She booked an excursion out of Mobile aboard the Carnival Sensation on September 27. And if all goes well, it will be her husband’s and stepson’s first-ever cruise.
But as of right now, there is no cruise ship in Mobile. There is no cruising occurring anywhere in the United States, as the Centers for Disease Control and Prevention has maintained restrictions against cruising, warning that everyone avoid cruise ships – even riverboats. The industry is one of the few under sole federal oversight, and is among the few major industries that remain shutdown in the U.S.
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“Lock them up. There are things that you can do,” a Houston assistant police chief said last week after a 3-year-old boy fatally shot his 8-month-old baby brother in the family home.
The assistant chief was talking about guns, not the 3-year-old. Obviously. Although in some parts of the country, the idea of putting kids in prison seems to elicit more enthusiasm than the idea of locking away the weapons.
This kind of disaster happens way, way, way too much. Last year at least 371 children stumbled across a loaded gun and fired, causing 143 deaths and 243 injuries. In one case, a 3-year-old shot himself to death with a pistol that had fallen out of the pocket of a member of his family apparently while the adults were playing cards.