challenges

Casino giant Caesars’ challenges go far beyond coronavirus and social distancing

Caesars’ (CZR) mountains of debt raises uncertainty about the casino giant’s pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.

“We see risk to Eldorado obtaining funding needed to close on its proposed acquisition of Caesars, considering Caesars and Eldorado’s high balance sheet leverage, as the coronavirus’ material impact on leisure and travel demand creates heightened uncertainty,” Wasiolek wrote in a note to investors.

Casino operators were forced to temporarily shut properties in March as states enacted shelter-in-place measures due to COVID-19.

Wasiolek says the planned $17.3 billion tie-up between the gaming giants expected to close in 2020 will result in only a marginally better competitive position for Caesars, which owns some of the most iconic properties on the Las Vegas strip. 

“A merger would roughly double Caesars’ domestic properties to around 60 and lift loyalty membership to 65 million from 55 million,

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Zoom will overcome one of its biggest challenges ever: early investor

Zoom (ZM) will get beyond its privacy challenges, says one early backer.

“I do believe and truly trust they will do the right thing to keep us all connected, secure and safe,” said Emergence Capital Partners general partner Santi Subotovsky on Yahoo Finance’s The First Trade.

Subotovsky currently sits on Zoom’s eight-member board of directors. The firm was among the early backers of Zoom and founder Eric Yuan. They continue to hold shares in Zoom, according to the company’s website.

“The company has always been focused on doing the right things for its users, and I believe in challenging times that’s when companies and leaders show what they are truly made of. In this scenario we are experiencing right now, I believe Eric [CEO Eric Yuan] and the company have done exactly the right thing,” says Subotovsky.

That’s not to say Zoom and Yuan aren’t going through one of the

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Besides coronavirus, vulnerable seniors face 2 other challenges

As if the health concerns from coronavirus weren’t enough, advocates are warning that many senior citizens also facing a web of other worries as the global pandemic drags on.

“Clearly older adults right now in the United States are at the epicenter of the COVID-19 discussion,” said Anna Maria Chavez of the National Council on Aging during an appearance on Yahoo Finance on Wednesday.

Chavez’s group mission is to help people meet the challenges of aging. It works with nonprofits and businesses and the government to provide services and advocacy. She appeared as part of Yahoo Finance’s ongoing partnership with the Funding Our Future campaign, a group of organizations advocating for increased retirement security for Americans.

A study by the Congressional Research Service found that, even with the support provided by Social Security, approximately 9.2% of Americans 65 and older still had income below the poverty thresholds in 2017.

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Global infections zero in on 500K; US challenges Italy with case surge

Coronavirus infections on Thursday neared a grim high water mark of more than 500,000 infections and over 22,000 deaths, a stark reminder of the inability to contain surging caseloads in Europe and the U.S. that have brought the global economy to a standstill.

At its core a public health crisis, the COVID-19 pandemic has become a force multiplier behind a recession that’s likely to be deep and wrenching, and tumult in global markets that are straining credit markets.

On Thursday, America’s death toll topped 1,000 on nearly 70,000 diagnoses. Led by soaring infection rates in New York of over 37,000, U.S. cases are now marginally behind Italy — which has the single worst cluster of coronavirus infections outside of China, where the outbreak began. Ironically, the latter is now reporting no new cases as the Western world is beset by mounting casualties.

Anthony Fauci, the director of the National Institute

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Emergency room director explains the 2 biggest challenges with coronavirus

The coronavirus pandemic has taken the lives of over 6,700 individuals across the world, and sickened over 175,000. In the U.S., the number of confirmed cases continues to rise as more testing kits become available. 

However, the virus is still spreading across the country, and some hospitals could soon be overwhelmed by the number of coronavirus patients. 

Health care professionals are grappling with two major challenges that could be unnecessarily increasing their patient load, according to Dr. Glenn Raup, the executive director of Emergency Behavioral and Observation Services at St. Joseph Hospital in Orange, California. The first challenge is that misinformation is resulting in people thinking they are at higher risk than they actually are. The second challenge is that this belief means they are coming into emergency rooms unnecessarily.

“Many individuals believe the information that they’re hearing, that they’re at significant risk,” Raup told Yahoo Finance. “Just through casual,

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