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🗞️ Acceptable goals
We are sure there would have been a few good deeds done over the weekend, especially with Mother’s Day yesterday.
Pick & Scroll News
May 12, 2025
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Good morning. We are sure there would have been a few good deeds done over the weekend, especially with Mother’s Day yesterday.
We are also pretty confident that Bill Gates has outdone you by vowing to give away virtually all of his $200 billion of wealth.
The Gates Foundation will focus on three main goals: ending preventable deaths of mums and babies, eradicating deadly infectious diseases, and lifting hundreds of millions of people around the world out of poverty.
Trying to get a promotion is also an acceptable goal.
All the headlines and more below...
AUSTRALIAN NEWS
Victorian government announces suite of changes to stamp out dodgy taxi drivers
Victoria is implementing stricter taxi and rideshare reforms with mandatory audio recordings. LINK
Electric vehicle sales have reached 10% of new car purchases in Australia as Chinese-built EVs priced at $35,000 enter the market. LINK
Australia exported a record 127,000 tonnes of beef in April to the US and China. LINK
Australia's wealthy families now represent 40% of private capital investors as super funds reduce venture capital exposure. LINK
AUSTRAC has partnered with major banks to enhance money laundering detection through improved data sharing. LINK
China has purchased 500,000 tonnes of wheat from Australia. LINK
GLOBAL NEWS
Trump floats cutting Chinese tariffs from 145% to 80% before weekend talks
President Donald Trump floated cutting tariffs on China from 145% to 80% ahead of weekend meetings between top US and Chinese trade officials in Switzerland. LINK
China's exports grew 8.1% in April while imports declined 0.2% amid US trade tensions. LINK
Artificial intelligence will transform 39% of current job skills by 2025. LINK
New research warns that AI hiring tools may reinforce discrimination against marginalised groups. LINK
COMPANY NEWS
You can now shop using ChatGPT
OpenAI's new ChatGPT shopping feature aims to revolutionise online retail through AI-powered purchasing. LINK
Apple is developing custom chips for smart glasses, high-performance Macs and AI servers. LINK
Macquarie Group has dismissed 288 employees over 8 years for policy violations amid global compliance issues. LINK
BlackRock is requiring all 1,000 managing directors globally to return to office 5 days weekly to improve collaboration. LINK
Disney has removed cultural content warnings from its Australian streaming service due to changing political sentiment. LINK
Macquarie Group has enhanced risk management practices whilst reporting a 6% rise in annual profit to $3.7B. LINK
Scyne, a public sector consulting group has lost $80M and seen federal contract revenue fall to 25% of previous levels due to reputational damage from the PwC scandal. LINK
News Corp has reported a 1% increase in third-quarter revenue to US$2.01B driven by digital real estate growth. LINK
US property giant CoStar will acquire Domain for $3B whilst delivering Nine Entertainment a $1.4B windfall. LINK
Pinterest has delivered a strong revenue outlook driven by improved ad performance despite economic challenges. LINK
Panasonic will cut 10,000 jobs and incur US$900M in restructuring costs this fiscal year. LINK
Google will pay US$50M to settle a racial discrimination lawsuit about underpaying Black employees. LINK
REA Group has posted a 12% rise in quarterly revenue to $374M driven by yield growth and increased buyer demand. LINK
ONE MORE SCROLL
Editor’s Pick: 15 delightful images from the International Pet Photography Awards.
Draft Pick: Jarryd Hayne stars in first game of rugby league since 2018.
Odd Pick: Man sets his own house on fire twice in one night to catch firefighters work.
TOGETHER WITH
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BRAINTEASER
How well is your brain working for a Monday morning?
Answer below
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ANSWER
The last line equals 43.
From the first three lines, it’s easy to work out that:
1 shoe = 5
1 person = 5
1 cone = 2
The last line is a bit sneakier. The person is holding two cones and wearing two shoes. This gives them a value of 5 + 2 + 2 + 5 + 5 = 19. The last line reads 5 + 19 x 2 = ?
Using the order of mathematical operations, this makes 5 + 38 = 43.
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