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Photo: Justin Sullivan/Getty Images

Campbell Soup stock jumped 10% on Wednesday as the company's CEO went on a media tour to tout the growing demand for the company's products in the face of COVID-19 fears.

What he's saying: CEO Mark Clouse told CNBC Wednesday that the company is increasing soup production in response to the coronavirus outbreak.

  • “We made the decision last week to up production in certain areas where we’re using a little bit the analogy of weather or natural disasters,” Clouse said.

What he's also saying: In a separate interview Wednesday, Clouse told Reuters that a few retail customers had begun stepping up orders. The company had already started building inventory for ingredients that are usually stockpiled during natural disasters, including canned soups, snacks and Prego pasta sauces.

  • “We’re working very closely with folks to make sure that we keep them in stock,” Clouse said, adding that “honestly before this weekend we had not seen much” higher demand.

Go deeper:

Go deeper

Updated 1 hour ago - World

U.S. releases report finding Saudi prince approved Khashoggi operation

Photo: Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency via Getty Images

The Office of the Director of National Intelligence (ODNI) has released an unclassified report assessing that Saudi Crown Prince Mohammed bin Salman (MBS) approved the operation to "capture or kill" Washington Post journalist Jamal Khashoggi in 2018.

Driving the news: The White House also announced sanctions on entities implicated in the murder, though not on MBS directly. Officials also announced a new "Khashoggi ban" under which individuals accused of harassing journalists or dissidents outside their borders can be barred from entering the U.S.

About 20% of U.S. adults have received first vaccine dose, White House says

Joe Biden speaks during an event commemorating the 50 million COVID-19 vaccine shots. Photo: Doug Mills-Pool/Getty Images

Nearly 1 in 5 adults and nearly half of Americans 65 and older have received their first dose of the coronavirus vaccine, White House senior adviser Andy Slavitt said on Friday.

The big picture: The Biden administration has previously said it has secured enough doses to vaccinate most of the American population by the end of July.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Employers mull COVID vaccine requirements — New data reignites the debate over coronavirus vaccine strategyPfizer begins study on 3rd vaccine dose as booster shot against new strains.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.