🗞️ Left right goodnight

Good morning. In case you somehow missed this, Donald Trump will be the next president of the United States. A few notes to help you contribute to the lunch time chat:

• At the time of writing, over 70 million Americans voted for Trump while 66 million voted for Harris - Trump is on track to be the first Republican to win the most popular vote since George W Bush in 2004;

• Trump won all of the key swing states;

• Republicans also have a majority in the Senate and a lead in the House which means they could potentially control the legislative agenda;

• Bitcoin reached a record high as Trump closed in on victory.

All the headlines and more below...

PODCAST

🎧 Your morning wrap on-the-go LINK

AUSTRALIAN NEWS

$16B uni student debt fix helps men more than women

• The Albanese government's $16B university student debt reform is projected to benefit male graduates more than female graduates. LINK AFR

• The federal government has delayed implementing local content requirements for major streaming platforms due to potential conflicts with the Australia-US free trade agreement. LINK

• Australian workers lost a record $5.2B in superannuation last year through employer noncompliance, with $1.4B at risk from insolvencies. LINK

• The Australian Federal Police is now investigating 4 former PwC partners who could face 10-year jail terms for alleged tax leaks. LINK AUS

• Research shows the industrial real estate boom is concluding with rising vacancies and flat rent growth. LINK AFR

GLOBAL NEWS

Donald Trump claims victory against Kamala Harris to win US election, second term as president

• Trump is officially the 47th president of the United States. LINK

• Bitcoin has surged over 8% to a new record high above US$75,000. LINK

COMPANY NEWS

Merivale’s position on government council in peril after staff claims

• Merivale's position on a NSW government council is under review following whistleblower allegations of misconduct. LINK

• Amazon CEO Andy Jassy has defended the company's 5-day office return mandate, denying that it is an attrition strategy. LINK AFR

• L1 Capital has become Australia's top private stock picker with $101M in net profit. LINK AUS

• Domain maintained full-year guidance following an 8% revenue increase in Q3, with 19% year-on-year revenue growth. LINK

• Goodman Group projected 9% growth in operating earnings for FY25, expanding into data centres with nearly $25B in developments globally. LINK

• Suncorp has confirmed its full-year insurance trading ratio guidance, expecting $4.1B net proceeds from ANZ's bank acquisition. LINK

• BMW reported a 61% drop in Q3 profit due to slumping China sales and brake issues, while maintaining its adjusted full-year outlook. LINK

• Honda Motor reported a 15% drop in quarterly operating profit due to declining China sales. LINK

• Puma posted a 5% rise in currency-adjusted Q3 sales to €2.31B, falling short of analyst expectations. LINK

• Google won dismissal of a class action lawsuit over gift card fraud, with the court ruling it was not liable for scam losses or commissions. LINK

• Shein and Temu are preparing for a 2026 London trial over competing copyright infringement and anti-competitive practice claims. LINK

• Netflix offices in France and the Netherlands were raided by investigators as part of a tax fraud investigation. LINK

CHART OF THE DAY

ONE MORE SCROLL

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TRIVIA

E = mc²

Did you pay attention in Science class? Here are 5 physics questions to help answer that question for you.

1. Who formulated the three laws of motion?

2. What is the term for the amount of matter in an object?

3. Which subatomic particle has a positive charge?

4. What is the name of the phenomenon where light bends as it passes through different media?

5. What law states that the pressure of a gas decreases as its volume increases, provided temperature is constant?

Answers below

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ANSWERS

1. Sir Isaac Newton
2. Mass
3. Proton
4. Refraction
5. Boyle’s Law

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