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🗞️ Down bad
You may have lost some money betting on the first NRL games over the weekend but we're confident you're not down as much as Elon Musk is this year.
Pick & Scroll News
March 04, 2025
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Good morning. You may have lost some money betting on the first NRL games over the weekend but we're confident you're not down as much as Elon Musk is this year.
Elon Musk has lost US$52 billion since the start of the year as Tesla’s share price continues to decrease on the back of strong EV competition.
He is still the richest man in the world with an estimated worth of US$380 billion which is a staggering US$144 billion more than the second richest, Mark Zuckerberg.
All the headlines and more below...
GENERAL PICK
Gender pay gap improves but only one in five businesses have eliminated it. For every $1 a man earns, women, on average, still only earn 78 cents.
AUSTRALIAN NEWS
Stunning Melbourne turnaround puts end to brief national downturn
Melbourne's property market has rebounded after 10 months of decline as buyers rush to secure homes following a recent interest rate cut. LINK
Australian non-mining businesses have recorded their largest earnings increase in 2 years as the economy gains momentum. LINK
The NSW government has added 13 new housing designs to its Housing Pattern Book as a standardised approach to solving the housing crisis. LINK
Private credit funds have raised nearly $1B on the ASX this year amid slower traditional public listings. LINK
Australian companies will distribute $27B in dividends by mid-April, led by CBA, BHP and Telstra. LINK
Sydney will host a second global superannuation summit whilst showcasing Australia's financial influence in the global market. LINK
GLOBAL NEWS
Read the signs of Trump’s federal firings: AI is coming for private sector jobs too
COMPANY NEWS
Employment Hero tracks employees in push for 'AI-first within 6 weeks'
Employment Hero will monitor and reward employee AI adoption during its 6-week transition to an AI-first company. LINK
Leading Australian IVF provider Genea confronts a major crisis after a cyberattack exposed 700GB of patient data. LINK
Seek's planned $8B takeover of HR-tech company Xref has collapsed despite board support. LINK
Star Entertainment has suspended share trading after failing to file its half-year report whilst seeking refinancing commitments. LINK
BHP faces a lawsuit from a former executive who alleges gender balance targets discriminated against men. LINK
Fast food chains including KFC, McDonald's and Subway opened 300 new stores across Australia last year. LINK
The Public Investment Fund has banned PwC from advisory contracts until February 2026 in Saudi Arabia. LINK
OpenAI, Microsoft and Meta are implementing distillation techniques to create more efficient AI models. LINK
Amazon's Australian revenues reached $7.7B in 2023, driven by a 39% rise in Prime subscriptions. LINK
Amcor shareholders have approved a $13B acquisition of Berry Global, creating a $24B revenue packaging company with 400 plants and 75,000 staff. LINK
Pro Medicus has secured a $40M contract with US radiology provider LucidHealth for imaging services. LINK
ONE MORE SCROLL
Editor’s Pick: Oscars 2025, all the winners and nominees from Hollywood’s big night.
Draft Pick: Australia take on India tonight in the Champions Trophy semi-final.
Odd Pick: Kentucky man’s organs were nearly harvested. Then doctors realised he was still alive.
TOGETHER WITH
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TRIVIA
Winner winner chicken dinner
It was the Oscars yesterday which gives the perfect trivia topic for our Tuesday. We've picked the Best Picture winner from 5 random years. We've also included one of the nominees from that year.
Can you determine which film was the winner and which was the nominee?
2023: Killers of the Flower Moon or Oppenheimer
2015: Revenant or Spotlight
2013: Gravity or 12 Years a Slave
2009: Avatar or The Hurt Locker
2008: Slumdog Millionaire or The Curious Case of Benjamin Button
Answers below
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ANSWERS
Best Picture Winners:
2023: Oppenheimer
2015: Spotlight
2013: 12 Years a Slave
2009: The Hurt Locker
2008: Slumdog Millionaire
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