1. Big test for shares this week

With the stock market up 24% last financial year, there’s a big test for share prices this week. That 24% rise was the best in 30 years and in recent months stock prices have ignored lockdowns around the country. But if the Reserve Bank signals it’s going to reduce its bond buying on Tuesday, then share market positivity could easily turn to negativity. We’ll find out tomorrow at 2.30 pm when the RBA gives its latest decision on interest rates.

2. ASIC calls insider trading a family affair

Company regulator ASIC has revealed its case against the insider traders who turned Nuix shares into an $18 million pay day. This is Australia’s biggest insider trading case, with ASIC saying that Stephen Doyle, CFO of tech company Nuix (aided by his brother and father) illegally sold Nuix shares before a bad news report smashed its stock price. Doyle was the company’s chief financial officer and made $18 million before shareholders saw $3 billion wiped off the value of the company.

3. Stop lockdowns, for business sake

Business isn’t happy with the PM’s reopening of the economy plan and want it happening ASAP. The Australian Industry Group chief executive Innes Willox says state governments need to abide by the plan and open up when the new vaccine thresholds are met. He said “business have had enough of lockdowns” and “the thought of more lockdowns this winter quite frankly terrifies people”. But so does a clot from a vaccine and that’s why Pfizer is needed ASAP.

4. 34 burgers eaten in 10 minutes as part of 4th of July contest

Two competitors in the Annual Independence Burger Eating Championship held by a Washington DC burger shop have tied for first place by eating 34 burgers in 10 minutes. Last year's reigning champion Molly Schuyler from California tied with previous second place winner Dan 'Killer' Kennedy from Pennsylvania, Reuters reported.

5. Positive week for US stocks

On a weekly basis at the close on Friday, the Dow Jones rose by 1.02% to 34,786.35, the S&P 500 rose 1.67% to 4,352.34 and the Nasdaq surged 1.94% to 14,639.33. The ASX 200 also managed to end the week in the green, with a rise of just 0.01% to 7,308.60.