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The viral video of the weekend would fit straight into some people’s worst nightmares.

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Good morning. The viral video of the weekend would fit straight into some people’s worst nightmares.


A five-foot cobra was discovered under a hotel toilet seat. The video of the guest calmly snapping a photo of the ready-to-pounce cobra is far too relaxed for our liking.


All the headlines and more below...

AUSTRALIAN NEWS

Average households earns around $2,410 per week after tax

  • Retirement renting has doubled to 12% over 20 years in Australia as declining home ownership affects retiree wealth. LINK 

  • Australian weekly household earnings average $2,011 while households with mortgages spend $2,300 weekly amid rising living costs. LINK 

  • Australian parents are providing adult children up to $74,000 for housing and expenses while risking retirement security. LINK

  • Electric vehicle ownership in Australia has reached 300,000 units as new sales achieve 16% market share among younger buyers. LINK 

  • Australian universities are becoming more commercially focused to support deep tech start-ups through research and business development. LINK

  • Australian cattle prices have increased 32% since September FY24 as average prices reached $2,293 per head due to US beef shortages. LINK

  • Australian households could save $4,300 annually between FY30 and FY50 by switching to electric vehicles and appliances. LINK 

  • The average retirement age for Australian women has risen from 58.8 to 63.6 over 20 years due to workforce trends. LINK

  • A Senate report has revealed governance failures in Australian universities due to opaque decision-making. LINK

  • Home-owning retirees now have an average net worth of $1.7M, which is 6 times higher than renters. LINK 

  • Mental health claims have become the primary cause of total and permanent disability insurance payouts in Australia as claims increased 700% for people in their 30s over the past decade. LINK 

  • The VIC government will reduce its Melbourne CBD office space by 20% due to hybrid work arrangements. LINK 

  • Australian universities spent $734M on management consultants in FY23 amid growing concerns over governance transparency. LINK

GLOBAL NEWS

Cocoa prices are finally falling. Why?

  • Cocoa prices have begun declining from record highs as demand drops amid increased production costs. LINK 

  • Trump has issued a veiled threat toward Australian Ambassador Kevin Rudd regarding past criticisms. LINK

  • Live sheep exports from WA to the Middle East have ceased for 2025 as the 2028 ban approaches. LINK

  • Chinese authorities have launched a probe after Arc'teryx's Tibet fireworks display sparked environmental concerns. LINK

COMPANY NEWS

Optus admits process not followed after it missed at least five warnings of triple zero outage

  • Optus failed to respond to 5 emergency calls during a triple-zero outage linked to 3 deaths as the company admitted critical protocol failures. LINK

  • A planned but longer-than-expected CBA system outage disrupted banking services as customers were unable to access funds or make payments. LINK

  • Foxtel's $200M streaming device Hubbl has been shelved after 18 months. LINK

  • Google has integrated its Gemini AI into Chrome for US desktop users while avoiding an antitrust breakup through a court ruling. LINK

  • Nvidia has invested US$5B in Intel to acquire a 4% stake and co-develop chips to boost American semiconductor capabilities. LINK

  • Huawei unveiled plans for new AI chips and computing clusters using its Ascend processors to reduce foreign supplier dependence by FY26. LINK

  • The US FTC has sued Ticketmaster and Live Nation for enabling ticket scalpers while collecting US$11B in fees. LINK

  • Humm Group has reported that TAG requires additional due diligence before confirming its $285.6M acquisition bid. LINK

CHART OF THE DAY

Leading mobile apps worldwide in June 2025, by downloads

ONE MORE SCROLL

Editor’s Pick: An Australian training company has sparked privacy concerns after secretly monitoring employees at home for up to 10 hours daily. LINK 

Draft Pick: F1 live Azerbaijan Grand Prix: Oscar Piastri starts 9th with Lando Norris 7th, Max Verstappen on pole. LINK

Odd Pick: Paranormal investigator working with infamous 'cursed' doll dies suddenly.

TOGETHER WITH

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TRIVIA


It's Monday so we're making life a little easier with some 50-50 choices.

  1. A very small margin is sometimes called a hair's _______. Breath or breadth?

  2. What name did Neil Armstrong give the spot where man first touched down on the Moon? Tranquility Base or Serenity Base?

  3. In human anatomy, what does "hallux" refer to? Big toe or Thumb?

  4. What year did Kate Middleton and Prince William get married? 2011 or 2013?

  5. “What hath God wrought?” was the first message delivered via Morse Code or Carrier Pigeon?


Answers below

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Like what you read? Share Pick & Scroll with your family, friends and colleagues below. 👇

ANSWERS

1. Breadth
2. Tranquility Base
3. Big Toe
4. 2011
5. Morse Code


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