Coronavirus savages U.S. economy in first quarter; worse still to come [Reuters]
Gilead Sciences, Inc. (GILD)
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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Source: Reuters
Coronavirus savages U.S. economy in first quarter; worse still to come WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history. The decline in gross domestic product (GDP) reflected a plunge in economic activity in the last two weeks of March, which saw millions of Americans seeking unemployment benefits. The Commerce Department’s snapshot of first-quarter GDP on Wednesday reinforced analysts’ predictions that the economy was already in a deep recession. “The economy will continue to fall until the country opens back up,” said Chris Rupkey, chief economist at MUFG in New York. “If the economy fell this hard in the first quarter, with less than a month of pandemic lockdown for most states, don’t ask how far it will crater in the second quarter.” Gross domestic product declined
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GILD
Earnings
- 10/30/25 - Beat
GILD
Sec Filings
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- GILD's page on the SEC website