Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Owners of Peloton’s Tread+ treadmill exercising equipment have been warned by the federal government due to the series of reported accidents. Last weekend, the U.S. Consumer Product Safety Commission stated that it has become aware of the 39 mishaps related to the use of the said treadmill that cost $4,295.
CPSC’s call to stop using the exercise equipment
CNN Business reported that there have been a number of reports where children and pets were pinned, pulled under and entrapped under the exercising machine. Due to these incidents, the agency immediately issued a notice for owners of the Tread+ treadmill to stop using them.
It was said that this is the same machine involved in the incident where a child died after being pulled under the treadmill. For this accident, Peloton simply urged the owners to follow and stick to the safety warnings when using the machine. The company also asked them to keep children away from the treadmill and make sure to activate safety keys when it is not in use.
On the other hand, the CPSC called on the users to refrain from using the treadmill and the warning led Peloton to release a statement saying that the agency's notice is "inaccurate and misleading." The company insists there is no reason for the owners to stop using the machine because they only have to properly follow the safety instructions.
Peloton will not recall the treadmills
Moreover, on the call to recall the Tread+ treadmill model, the company’s chief executive officer John Foley refused. He said that they will not stop selling the machine or get them back from the owners. Foley added that they have fully cooperated with the CSPC but for the order to issue a recall, they will not abide by it.
"At no time was Peloton trying to impede CPSC's investigation," the CEO said. "We were simply standing behind our members' right to maintain their privacy, and we remain committed to providing this type of information only with a member's consent or pursuant to a subpoena."
Meanwhile, shares of Peloton dropped by seven percent in premarket trading after the urgent warning from the federal government was released.
