A measure of pending home sales in the U.S. soared 44.3% in May. (MarketWatch)
China’s economic recovery picked up steam in June as exports and services picked up, official data showed.
Uber Technologies Inc. is in discussions to buy food-delivery company Postmates Inc. for about $2.6 billion, according to people familiar with the matter. (WSJ)
Amazon will spend more than $500 million on bonuses for employees and some contractors. (WSJ)
Royal Dutch Shell is writing down the value of its assets by up to $22 billion because of lower energy prices. (WSJ)
Governments around the world are rolling back trade barriers imposed early in the coronavirus pandemic. (WSJ)
Plastic-packaging makers are seeing rising demand under the pandemic and are citing the pandemic in lobbying against bans. (WSJ)
U.S.-based researchers say China sees its dominance in rare-earth minerals as leverage in trade disputes with the U.S. (WSJ)
Lululemon Athletica is buying at-home fitness company Mirror for $500 million. (WSJ)
The application window for Paycheck Protection Program loans closes today, triggering a debate over what to do with the $134 billion remaining funds. (WSJ)
A man was shot to death while waiting in line outside an Amazon facility in Jacksonville, Fla., to apply for a job. (Associated Press)
Amazon warehouse workers in Germany began a two-day strike after employees at some sties tested positive for the coronavirus. (CNBC)
Amazon, Overstock.com and Fisher Scientific will create purchasing portals for U.S. government agencies under a three-year pilot program. (Bloomberg)
Russian conglomerate Sistema says Amazon and Japan’s SoftBank approached the company about acquiring its online retail subsidiary Ozon. (Reuters)
Texas grocer H-E-B restored limits on purchases of some essential items “to help protect the supply chain” as coronavirus cases there surge. (KPRC)
Denmark-based ferry operator DFDS is cutting 650 jobs as it adjusts to “the new reality” of transport demand. (Lloyd’s List)
Australia is barring departures for ocean vessels staffed by crews that have exceeded limitations on time at sea. (Splash 247)
Chinese authorities released a FedEx pilot they had detained since last September on suspicion of carrying ammunition in a travel bag. (Memphis Commercial Appeal)
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