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Transcripts for KNTV NBC Nightly News With Lester Holt 20220121 02:40:00

ccc experienced at the height of the omicron surge. challenges that consumers say left them without the results needed to protect themselves anne thompson, nbc news there is trouble tonight at peloton the company has stopped production of its bikes and treadmills for now after a pandemic boom. peloton said it misjudged demand for its exercise equipment. our jake ward has more. reporter: tonight peloton s stock plunging to a 52-week low after reports that the company will stop making its bike and treadmill products according to an internal document obtained by cnbc, the company misjudged how many people would buy its products and it s sitting on more inventory than it needs. at the same time, americans are returning to gyms and seeing similar products into the market. in a confidential presentation, the company said demand for its equipment has taken a significant drop due to price sensitivity and

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