1. Anthony Albanese says changes required to urban planning

Labor leader Anthony Albanese will highlight the need for governments to rethink urban planning in light of the increased shift to working from home brought on by the COVID-19 pandemic in a speech at The Australian Financial Review Business Summit today. "There is a potential transformation from the hub-and-spoke model of the city, with its large daily inflows and outflows between suburbs and CBDs, to a more distributed and dispersed city," Albanese will say according to an excerpt published by the AFR.

2. Fauci praises Australia's lockdown

In an online event with Australia’s chief medical officer Paul Kelly, the director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, has highlighted Australia's response to COVID-19 compared to the United States, as well as other countries. "If you look at the monitoring of how well we locked down, we never really locked down completely. We had a terrible economic impact, but we never really locked down as well and as completely as Australia did, and I think a combination of the other things that Australia did correctly, really led to the fact that they’ve done really quite well when you compare them to other countries in the world," Fauci said.

3. PayPal to launch buy now, pay later in Australia

PayPal has announced it will launch a buy now, pay later option to its 9 million customers in Australia from June, taking on established local businesses like Afterpay and Zip. Paypal said it would not charge businesses an additional fee to offer BNPL to their customers.

4. Gym owner sets record with 879 burpees

Nick Anapolsky from Ontario, Canada has set a new Guinness World Record for most chest to ground burpees in one hour with 879 repetitions. "The hour was full of ups and down (literally)," he wrote on Instagram, adding that he got through it with the support of his gym's community.

5. Nasdaq bounces back

The Nasdaq rose by 464.66 points or 3.69% on Tuesday, the index's biggest gain in four months. The S&P 500 gained 54.09 points or 1.42% to 3,875.44, while the Dow closed up 30.30 points or 0.095% to 31,832.74 after reaching another intraday high during the session.