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Turns out the secret to career success might be hidden at the bottom of that keg stand you did at high school.
Pick & Scroll News
November 13, 2025
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Good morning. Turns out the secret to career success might be hidden at the bottom of that keg stand you did at high school.
A study of 3,000 young people who regularly binge drank in their late teens and twenties found they had significantly higher education and income compared to their non-drinking peers.
Good excuse for a Thursday happy hour drink, no matter how old you are!
All the headlines and more below...
AUSTRALIAN NEWS
All government agencies to appoint chief AI officers under new plan
The Australian government will appoint a Chief AI Officer in every agency by 2026 as part of a secure expansion of AI under programmes like GovAI. LINK
Australian super funds are increasing AI sector exposure as some are allocating 10% or more to tech firms driving generative innovation. LINK
Flood-affected homes in northern NSW were sold at auction for as little as $1 through a government relocation scheme, with strong support from local communities. LINK
Australia currently has 18% fewer property listings than the long-term average whilst housing shortages worsen, especially in cities like Perth and Brisbane. LINK
Australia is facing rising health risks from ultra-processed foods containing industrial trans fats as public health experts call for regulatory bans. LINK
The price gap between detached houses and units across Australian capitals reached a record $363,000 as supply shortages and affordability issues worsen. LINK
Australia recorded 696,500 overseas short-term arrivals in September whilst 1.24M Australians departed, with Bali as the top destination. LINK
Australia’s tech employment fell whilst AI investment grows, raising fears of an overvalued sector similar to the early 2000s Dotcom crash. LINK
Only 4.5% of trade-qualified construction workers in Australia are women as worsening shortages persist amid rising housing demand and prices. LINK
GLOBAL NEWS
‘Part of the joy economy’: adult buyers add to bumper year for toy sales
Adult toy buyers now make up £1 in every £3 spent on toys in the UK as demand surges from “kidults” seeking nostalgic and collectible items. LINK
Unemployment in the UK rose to 5.0% in September from 4.8% in August as 1.8M people were affected, challenging Chancellor Rachel Reeves ahead of the upcoming budget. LINK
COMPANY NEWS
Law blamed for Menulog’s surprise demise
Menulog will exit Australian operations after nearly 20 years as it cites strong competition from Uber Eats and DoorDash alongside regulatory issues. LINK
Nvidia has become the most valuable US public company at US$4.8T with 8 of the top 10 firms in the US being tech-related and mostly founded in recent decades. LINK
Australian dairy farmers have criticised Woolworths for selling US-made Hillview butter, claiming it is misleading and inferior in taste. LINK
Flight Centre has forecast a full-year pre-tax profit of $305M to $340M for FY26 as Q1 delivered 7% transaction growth and up to 17.6% profit increase. LINK
Microsoft endorsed Australia’s AI and cloud strategies, highlighting a projected $13.5B in public sector savings over the next decade. LINK
Huon Aquaculture is under investigation by Tasmanian regulators after 8 dolphin deaths occurred at its salmon farms over 2 years while concerns mount over protective netting. LINK
Aristocrat posted a 12% annual profit rise to $1.6B as legal costs and market headwinds dominated investor concerns. LINK
Inghams reaffirmed its FY26 forecast while flagging higher first-half costs as profit guidance missed expectations. LINK
ARN Media forecast a 25% to 27% annual profit drop as it continued cost-cutting efforts amid weak advertising markets. LINK
CBA lost over $25B in market value this week as investors grew concerned about a high valuation and weak financial results, impacting millions of superannuation balances. LINK
ONE MORE SCROLL
Editor’s Pick: When you eat breakfast could help predict your risk of early death.
Draft Pick: Cristiano Ronaldo confirms 2026 World Cup will be his last with retirement looming.
Odd Pick: Is microwave cooking nuking all the nutrients?
TOGETHER WITH
Where to Invest $100,000 According to Experts
Investors face a dilemma. Headlines everywhere say tariffs and AI hype are distorting public markets.
Now, the S&P is trading at over 30x earnings—a level historically linked to crashes.
And the Fed is lowering rates, potentially adding fuel to the fire.
Bloomberg asked where experts would personally invest $100,000 for their September edition. One surprising answer? Art.
It’s what billionaires like Bezos, Gates, and the Rockefellers have used to diversify for decades.
Why?
Contemporary art prices have appreciated 11.2% annually on average
…And with one of the lowest correlations to stocks of any major asset class (Masterworks data, 1995-2024).
Ultra-high net worth collectors (>$50M) allocated 25% of their portfolios to art on average. (UBS, 2024)
Thanks to the world’s premiere art investing platform, now anyone can access works by legends like Banksy, Basquiat, and Picasso—without needing millions. Want in? Shares in new offerings can sell quickly but…
*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.
BRAINTEASER
A bottle of lemonade costs $1. You can trade 2 empty bottles for a new one. How many bottles of lemonade can you enjoy if you have $20?
Answer below
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