Covid-19 Daily News Updates – Download July 7, 2020

Covid-19 Daily News Updates brought to you by Skyline Entourage to support businesses during the Covid-19 pandemic. We know as business owners and marketers that working from home cam be hectic. This is meant to serve as another resource you can rely on from our team to help support you.

For your convenience we’ve prepared a downloadable PDF of Covid-19 Daily News Updates and headlines. You can download your copy that you can share with your team here. Click Here to Download a PDF version.

Federal News

• Many companies that have laid off workers are now telling the Bank of Canada they plan to refill some positions over the next year but hiring plans are still uncertain over COVID-19 doubts. Latest figures show the wage subsidy has paid over $17.1 billion to 245,160 companies as of June 29.
  Source
• Canadian movie theater operator, Cineplex Inc, has filed lawsuit against former suiter Cineworld Group Inc as it seeks damages over the UK company’s failed acquisition that could exceed the $2.18 billion outstanding on the deal.
  Source
  

Provincial News

• According to Montreal mayor’s office, masks are to be mandatory as of July 27th in all indoor public places. A grace period will be given before officially going into effect. Affected places will include shops, sports facilities, libraries, bars and restaurants.
  Source
• Spike in infections in Montreal’s south shore, Quebec’s health minister says the province will not hesitate to shut down bars, and other gathering places if health regulations are not respected. Thursday, province to release how customers and venues could be fined if they don’t comply.
  Source

USA News

• US government has signed a $450 million contract with Regeneron Pharmaceuticals to make and supply its potential double antibody cocktail for the virus, currently in separate clinical trials assessing its effectiveness. The doses manufactured will be owned by the federal government.
  Source
• US government has awarded $1.6 billion to Novavax to cover testing, commercialization, and manufacturing of a potential COVID-19 vaccine in the US with the aim to deliver 100 million doses by January 2021. Novavax shares have jumped 35% in premarket trade.
  Source
  

International News

• US-China tensions now a tech war, with Beijing now increasing focus and investment in chip manufacturing. One of China’s largest tech firms, and key to country’s 5G ambitions, Huawei, has been hit with sanctions. China’s biggest chip maker was kicked off a 46.28-billion-yuan share sale.
  Source
  
• Three-month copper futures on the London Metal Exchange (LME) broke the $6,000-a-ton threshold by end of June. Copper often seen as the bellwether for the general state of the global economy could be overvalued as it enters the third quarter, according to Citi experts.
  Source
  

Missed a day? Visit our archives page for all Covid-19 Daily News Updates.