Let’s take a look at some of the top stories this morning.
The coronavirus has been declared a global health epidemic, and there’s a CEO shakeup at IBM IBM and a management shuffle over at WWE WWE.
An Update on the Coronavirus
This morning, after the World Health Organization declared the Coronavirus a public health emergency of global concern, the U.K. confirmed its first case of the coronavirus.
But what exactly does labeling the coronavirus a global health emergency mean? It means that the disease has the risk to spread internationally, and it means that countries should focus on the preparation and prevention of the virus. It means that an international response may be required, especially if the virus were to become a pandemic.
213 people have died from the virus and over 9,700 cases have been confirmed.
140 of those cases are outside of China, with six in the United States.
CEO Shakeup at IBM
The leadership change was announced after the bell Thursday.
Ginni Rometty, CEO of IBM, will be stepping down in April, and Arvind Krishna, head of cloud computing at the company, will succeed her.
Rometty has led the company since January 2012.
And Finally, What’s Going on Over at WWE?
The stock tanked in after-hours trading Thursday after the company said that it expects its full-year earnings to be lower than expected.
It also announced that it would be replacing its co-presidents--Michelle Wilson and George Barrios--effective immediately.
The two will no longer serve on the board.
CEO Vince McMahon said in a statement that the board had decided that a change was necessary due to different views.