Fitbit Charge 4. Photo: Fitbit

Fitbit is the latest tech company tasked with launching a consumer product amid the coronavirus outbreak, on Tuesday unveiling a new version of its Charge fitness tracker.

The big picture: While it has been working to add paid subscription services, Fitbit remains dependent on new hardware sales, something that could be trickier in a time when most of America is sheltering in place.

Details: The new product, the Charge 4, adds GPS and Spotify controls while keeping a sub-$150 price. The GPS function is only turned on for specific activities in order to allow the band to have multiday battery life.

Yes, but: Fitbit could be in a tough spot in trying to get people to buy a new fitness tracker at a time when stores are closed and people are largely staying at home.

  • That said, overall interest in fitness is increasing as people try to stay active at a challenging time (see Adobe sales data above). And even those sheltering in place are generally allowed to go out for exercise.

What they're saying: "We're still assessing the overall impact on our business, but we are pleased that we are able to deliver Charge 4 to the market as planned. ... We are constantly monitoring the evolving situation globally across all of our supply chains and will adjust our plans and operations as needed," a Fitbit representative told Axios.

Go deeper: Led by Apple, the wearables market has doubled since last

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Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
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  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.

FBI: Russian hacking group stole data after targeting local governments

FBI Headquarters. Photo: Mark Wilson/Getty Images

Energetic Bear, a Russian state-sponsored hacking group, has stolen data from two servers after targeting state and federal government networks in the U.S. since at least September, the FBI and Cybersecurity and Infrastructure Security Agency said on Thursday.

Driving the news: Director of National Intelligence John Ratcliffe announced Wednesday that Iran and Russia had obtained voter registration information that could be used to undermine confidence in the U.S. election system.

FDA approves Gilead's remdesivir as a coronavirus treatment

A production line of Remdesivir. Photo: Fadel Dawood/picture alliance via Getty Images

Gilead Sciences on Thursday received approval from the Food and Drug Administration for remdesivir, an antiviral treatment that has shown modest results against treating COVID-19.

Why it matters: It's the first and only fully FDA-approved drug in the U.S. for treating the coronavirus.

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