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General Pants Co, VinFast & A2 Milk
Trump survived a shooting at a campaign rally in Pennsylvania - a bullet pierced his ear before Secret Service agents rushed him offstage.
Pick & Scroll News
July 15, 2024
One Read, All Perspectives
Australian News
Australia has the second-highest corporate tax rate in the developed world at 28.5%, compared to the OECD average of 22%. LINK
A report revealed that almost 100,000 homes in Melbourne were either vacant or under-used in 2023, with 1.5% of all dwellings completely empty and another 70,400 significantly under-used. LINK
Scammers are now posing as scam-help organisations, exploiting people's trust to steal money through "authority exploitation". LINK
Victoria's Vacant Residential Land Tax (VRLT) raised $11.3M last year, but may be missing most eligible vacant homes according to recent analysis. LINK
Firefighter numbers at airports have supposedly fallen since the pandemic. LINK
Wealthy investors are increasingly using ETFs, with 55% of high-value investors holding them compared to 18% of less wealthy investors. LINK
The Albanese government resisted Chinese pressure to scrap anti-dumping tariffs on steel railway wheels but reduced the tariff rate from 17.5% to 13.3%. LINK
Australia's most popular TV shows will be broadcast in the Indo-Pacific as part of a $28.4M initiative to counter Chinese cultural influence. LINK
Global News
Trump has survived a shooting at a campaign rally in Pennsylvania - a bullet pierced his ear before Secret Service agents rushed him offstage. LINK
Options on leveraged bitcoin ETFs began trading, enabling investors to buy options on ETFs via swaps. LINK
China announced a new crackdown on internet content deemed harmful to children, targeting video apps and social media platforms in a bid to create a safer online environment. LINK
Elon Musk has donated a significant amount to a political group supporting Donald Trump. LINK
IMF reported that gross capital inflows into emerging markets excluding China rose to $110B last year, the highest level since 2018. LINK
Nearly 90% of Japanese households expect prices to rise next year, highlighting rising inflation expectations that may lead to an interest rate hike. LINK
Company News
Nine Entertainment faces a potential $60M loss from its Paris Olympics broadcast due to rising costs and a weakening advertising market. LINK
General Pants Co, operating for over 50 years, faces liquidation over a debt to a delivery company. LINK
Crown and Star had initial merger talks to combine their Sydney operations, but discussions were cut short due to a new inquiry into Star by the NSW gaming regulator. LINK
An AT&T hack compromised millions of customers' communication and location records. LINK
A SpaceX Falcon 9 rocket's second stage disintegrated in orbit during the deployment of Starlink satellites, marking a rare failure for the company. LINK
Daio Paper's factory in Japan is ramping up production of adult diapers, capitalising on the growing demand amid declining birth rates. LINK
PepsiCo's Q2 revenue missed expectations as price hikes and competition from private-label brands slowed sales of snacks and sodas, especially in the US market. LINK
JPMorgan Chase exceeded profit expectations for Q2, driven by a resurgence in dealmaking and strong capital markets. LINK
Citigroup's Q2 profit beat Wall Street expectations due to a jump in investment banking and services revenue. LINK
Vietnamese EV maker VinFast is delaying its $4B US factory to 2028 and cutting its delivery forecast by 20,000 units amid global market uncertainties. LINK
A2 Milk may oppose Synlait's recapitalisation plan and allow its stake to be diluted. LINK
