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NASA astronauts Suni Williams and Butch Wilmore are officially back on land.

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Good morning. NASA astronauts Suni Williams and Butch Wilmore are officially back on land. Their eight-day mission lasted 286 days which meant they orbited the earth 4,576 times.


While some workers in Australia are able to drag out their days for an extra hour to accrue another RDO, given the terms of their NASA contract, Suni and Butch are unlikely to receive one extra dollar despite the additional 278 days in space. Makes for a very low hourly wage!


All the headlines and more below...

AUSTRALIAN NEWS

Cafe closures hit record highs amid rising costs

  • Australian cafe closures have hit a record 9.3% annually as cost-of-living pressures reduce consumer spending. LINK

  • Australian defence ETFs have surged 20% this year whilst outperforming gold as global military spending increases. LINK

  • The ATO seeks a High Court appeal over a Federal Court decision that could lead to $1B in tax refunds for 971,000 trusts. LINK

  • A Sydney hailstorm dumped 500,000 tonnes of ice whilst reshaping Australia's emergency response protocols. LINK

  • The Tasmanian government plans to open 10,000 hectares of native forest for logging whilst reversing previous protections. LINK

GLOBAL NEWS

Law school applications spike from economic fears

  • Law school applications have surged 20% in the US and Canada as economic concerns drive increased competition. LINK

  • Rising costs and tariffs are threatening the affordability of consumer goods in the US market. LINK

COMPANY NEWS

Webjet Group’s ambitious 5-year growth strategy

  • Webjet has unveiled plans to double its transaction value to $3.2B by 2030 through international flights, business travel and loyalty programs. LINK

  • Google's parent Alphabet has agreed to buy cybersecurity group Wiz for $32B in its biggest acquisition ever. LINK

  • A US judge has ordered Meta to explain how its advertising technology allowed 230,000 scam advertisements featuring Andrew Forrest to run since 2019 as part of the mining magnate's ongoing legal battle with the tech behemoth. LINK

  • Bunnings has launched it Hammer Media advertising platform to leverage in-store displays, online visitors and print publications. LINK

  • Healthscope is for sale after lenders rejected a debt suspension agreement. LINK

  • Nvidia has announced plans for personal AI supercomputers, humanoid robots and AI-powered 6G network hardware at its annual GTC event. LINK

  • Amazon has opposed Australia's proposed digital competition rules while arguing they could deter tech sector investment. LINK

  • CBA invested in Anthropic whilst citing AI safety as a key reason for the investment. LINK

CHART OF THE DAY

The need for delivery speed

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