5. The US Treasury mistakenly sent more than $1.4bn (£1.1bn) of its pandemic rescue funds to over one milllion dead people, government inspectors have found.
4. US telecoms operator Verizon has become the latest major company to pull advertising from Facebook platforms.
The company joins Ben and Jerry's and a growing list of firms boycotting the social media giant over its handling of controversial posts.
3. The Federal Reserve has warned that America's biggest banks could be hit by losses of up to $700bn (£563.6bn) in a severe downturn due to the pandemic.
The US central bank said it was barring share repurchases and limiting dividend payments until at least October.
2. Britain will reject any European Union proposal which gives the bloc the right to respond with tariffs to changes in British law following Brexit.
With only a few months until a deal must be reached, the sides remain far apart and the transition period, during which Britain remains in the EU single market and customs union, expires at the end of the year.
1. British car production plummeted by an annual 95% in May with just 5,314 vehicles built as the coronavirus outbreak kept some factories shut and others operating at reduced levels.
Output slightly recovered from just 197 cars made in April, the lowest level for any month since February 1946.
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
Arix Bioscience discusses one of their portfolio company's Atox Bio, which plans a new drug application submission for Q3. Russ Mould talks about the FED. Paul Hill discusses Boohoo & Rosslyn Data Technologies.
Focusrite said in a trading update this morning that revenue and profits are likely to surpass market expectations for the financial year ending 31 August 2020 following strong demand for its audio products as e-commerce platforms continue to thrive globally.
Attraqt Group has announced the appointment of Paul Tough as Chief Product Officer with immediate effect. Tough previously co-founded eComp Consulting, a specialist digital strategy firm alongside Mark Adams, Attraqt's recently appointed CEO.
Genedrive has developed Genedrive® 96 Exporter, a new in-vitro diagnostic software module for automated results interpretation of its Genedrive® 96 SARS-CoV-2 Kit. In a separate announcement, the group said it closed the year with a stronger balance sheet and a lower level of debt following a successful £7 million equity fundraise in May 2020