The UK will provide approximately $312m in convertible debt for coronavirus-affected companies to match private investment, and has earmarked the rest for its Innovate UK agency.

Startups with fewer than 500 employees will be able to apply for loans of up to $10m from the US government's $350bn Paycheck Protection Program.

Proposed regulatory changes could make it easier for investment banks to make limited partner contributions to venture capital funds.

The Japanese government will introduce tax breaks for firms or corporate venturing vehicles backing tech companies to support domestic open innovation practices.

UK competition watchdog, the Competition and Markets Authority, is investigating Amazon’s lead investment in Deliveroo’s $575m series G round.

The South Korean government is set to lower the threshold for corporate venturing vehicles, though rules governing the practice will remain strict.

Stablecoin developer Basis is shutting down after facing regulatory issues and will return most of the $133m it raised from investors including GV in April.

The psychiatric and cognitive disorder drug developer secured the financing in a round backed by its founder, PureTech Health.

The US Department of Justice and the SEC are investigating Outcome Health for fraud while investors including Alphabet are suing the company.