- Pick & Scroll News
- Posts
- 🗞️ Half yours
🗞️ Half yours
In case you worked through the race yesterday, the only Australian horse, Half Yours, took out the Melbourne Cup.
Pick & Scroll News
November 05, 2025
Was this email forwarded to you? Sign up here
|  |
Good morning. In case you worked through the race yesterday, the only Australian horse, Half Yours, took out the Melbourne Cup.
A subtle, well played, must also go to Macquarie Bank, whose punting analysts successfully predicted the winner in their PunterGPT model.
We hope you started the 'silly season' in a professional way!
Viewer discretion advised but we also felt it necessary to share the post race footage of ‘Half Yours’ bleeding from its mouth.
All the headlines and more below...
AUSTRALIAN NEWS
Bowen unveils ‘Solar Sharer’ plan offering free daytime power for homes
The federal government will mandate energy retailers to provide 3 hours of free midday power daily from July 2026 in NSW, SE QLD and SA to support rooftop solar and cut bills. LINK
The RBA held rates at 3.6% due to persistent inflation and low unemployment as economists expect cuts only after key changes to CPI and jobless data. LINK
Fewer than 4% of Australians now have trauma insurance as coverage has dropped 16% since 2020 due to high premiums and limited superannuation access. LINK
Only 11.7% of Australian jobseekers found long-term jobs via private job agencies last year despite extensive government funding. LINK
Australia is facing rising recession risks as high inflation, slowing job ads and hiring cuts have hit the once-booming healthcare sector. LINK
6 banned skincare products remain on Australian shelves as lack of federal regulation persists despite bans on microbeads in several states. LINK
The Albanese government will assist Rex Airlines by restructuring $90M of debt and providing $60M in loans as part of Air T’s US-based rescue effort. LINK
GLOBAL NEWS
China extends visa-free entry for 45 countries, including Australia, to end of 2026
China has extended visa-free entry for citizens of 45 countries including Australia as it aims to boost international travel through end-2026. LINK
More than $70T in inherited wealth is expected in the next decade while economists warn it will worsen global inequality without coordinated G20 action. LINK
The US Supreme Court is reviewing the legality of Trump's tariffs, risking the loss of up to US$137B in tariff revenue and dismantling of key trade levers. LINK
COMPANY NEWS
Amazon Web Services signs US$38B deal to supply OpenAI with Nvidia chips
Amazon Web Services signed a US$38B deal with OpenAI to supply hundreds of thousands of Nvidia GPUs over 7 years as part of a major AI strategy. LINK
Optus CEO Kelly Bayer Rosmarin apologised to parliament as a major network outage linked to 3 deaths triggered operational reform promises without resignation. LINK
ANZ challenged a $100M unfair dismissal case from ex-trader Etienne Alexiou who claims he was fired for whistleblowing on possible rate manipulation. LINK
Westpac’s CEO defended the bank’s hybrid work policy after a workplace flexibility case loss whilst maintaining 2-3 office days weekly. LINK
Two former JLL executives are suing The Australian for defamation claiming inaccurate reporting led to job losses and significant future income. LINK
Meta has reached a US$55M settlement to resolve lawsuits over its facial recognition technology while Instagram continues to face scrutiny for data collection practices. LINK
Microsoft committed over US$12B in UAE investment by 2029 to expand data centres and AI operations, becoming the first US firm to export Nvidia chips under Trump’s policies. LINK
Alliance Aviation Services suspended trading, warning of significantly reduced FY26 earnings due to unexpected maintenance and depreciation costs. LINK
Construction firm Built doubled both profit to $60.2M and dividend to $42.5M as revenue surged to $3.1B driven by defence and healthcare contracts. LINK
Crypto exchange Swyftx boosted annual profit to $50.5M while crypto trading gains lifted revenue to $130.2M amid rising investor activity. LINK
Iren's $15B deal with Microsoft reflects Australia's AI cloud market growth as Nvidia GPU supply supports booming demand. LINK
BYD reportedly parked unsold EVs in Australia to earn carbon credits whilst raising questions around the Vehicle Efficiency Standard's loopholes. LINK
Airwallex expects to double revenue to over $3B in 12 months after surpassing $1.5B in annual recurring revenue. LINK
ONE MORE SCROLL
Editor’s Pick: These foods help build strength if you are 'undermuscled'.
Draft Pick: Larry Kestelman’s NBL challenges Hawks’ NSW supreme court action.
Odd Pick: Amazon CEO says layoffs aren't about AI, as cuts spark job apocalypse panic.
TOGETHER WITH
Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga!
We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
BRAINTEASER
Which word can come before STRAP, LEG and CAMP to make 3 more words?
Answer below
OUR SOCIALS
 |