- Mastercard (MA +0.8%) will temporarily remove its brands from Copa America in Brazil, but it will continue as a sponsor of the soccer tournament, Reuters reports, citing a statement from the company.
- The decision occurs after Copa America comes under pressure for moving the tournament to Brazil, the country with third-largest number of COVID-19 cases in the world.
- According to the Johns Hopkins Coronavirus Resource Center, Brazil has had 17.0M cases of COVID with almost 477K deaths; on June 8, the country recorded 366K new cases of the virus.
- Mastercard said it wouldn't "activate" its sponsorship of Copa America in Brazil after a cautious analysis, it told Reuters.
- Brazil remains on the U.S. CDC's travel advisory list at Level 4, indicating the most extensive outbreaks of the virus.