UK expands Future Fund to include startups based abroad

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Britain’s Chancellor of the Exchequer Rishi Sunak takes part in a national “clap for carers” to show thanks for the work of Britain’s National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16, 2020 in London.

Tolga Akmen | WPA Pool | Getty Images

The U.K. government has expanded its rescue package for start-ups impacted by the coronavirus pandemic to include businesses whose parent companies are based abroad.

The so-called Future Fund was created by the U.K. Treasury

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Stock futures flat ahead of last trading day of June

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U.S. stock futures were flat in overnight trading ahead of the last trading day of a volatile month for stocks on Tuesday. 

Dow futures fell 16 points. The S&P 500 and Nasdaq-100 were set to open higher, with gains of 0.14% and 0.34%, respectively.

Shares of Wells Fargo ticked nearly 2% lower in after hours trading after the bank said it would likely slash its dividend in the third quarter to comply with the Federal Reserve stress test. Bank of America, Citi, JPMorgan and Goldman Sachs said their dividends would stay the same. 

Shares of chip stock Micron jumped 5%

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Micron, Simon Property Group, Boeing and more

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Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania.

Mark Makela | Reuters

Check out the companies making headlines after the bell.

Micron Technology — The technology company’s stock jumped as much as 6% in extended trading after Micron posted third-quarter earnings. The company reported earnings of 82 cents per share, excluding some items, on revenue of $5.44 billion, while analysts estimated earnings of 77 cents per share on revenue of $5.31 billion, based on Refinitiv consensus estimates. Micron also provided strong

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Court suspends meeting between GM and Fiat Chrysler over RICO lawsuit

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General Motors Chairman and CEO Mary Barra addresses the gathering Wednesday, June 3, 2020 during a press conference of corporate leaders speaking out against racism and injustice at City Hall in Detroit, Michigan.

GM

A judge-ordered meeting between General Motors CEO Mary Barra and Fiat Chrysler CEO Mike Manley to resolve a civil racketeering lawsuit has been temporarily suspended by a federal appeals court.

The 6th U.S. Circuit Court of Appeals on Monday said an order by U.S. District Court Judge Paul Borman last week calling for the meeting to occur by July 1 has been “stayed pending further consideration

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