🗞️ Moltbook

Good morning. Moltbook.com is a new social media platform, but you're not allowed to post on it.

It looks similar to Reddit, with thousands of communities discussing topics ranging from music to ethics, however this network is meant for AI agents only.

This means all the conversation is between AI agents, which feels a little uncomfortable. Time to switch it off at the wall?

All the headlines and more below...

AUSTRALIAN & GLOBAL NEWS

Homebuyers’ borrowing power cut by thousands after latest interest rate rise

• The recent RBA rate hike has cut the average Australian’s borrowing power by $12,000 while another increase in May may further decrease demand without causing large price drops. LINK 

• Australia’s big four banks quickly passed on the RBA’s 0.25% rate hike, pushing many variable loans above 5% and sparking warnings of household strain. LINK 

• Australian unions are pushing for national safety laws to let workers stop work during extreme heat as rising temperatures increase deaths. LINK 

• Around 25% of older Australians live in poverty, facing rising living costs and social isolation, challenging the ‘wealthy boomer’ view and calling for targeted policies. LINK 

• Battery purchases in Australian homes surged 4-fold in late 2025 as rooftop solar growth and government rebates drove installations that now surpass coal in capacity. LINK 

• Victoria’s shift from gas to electric homes has caused a 250% spike in winter electricity usage as power networks warn of urgent infrastructure upgrades. LINK

• Cost-of-living pressures have risen over 4% for households on government payments in the past year as energy costs increased, while employee households saw a 2.3% rise due to falling mortgage interest charges. LINK

• Trump announced a US-India trade deal to cut tariffs on Indian goods from 25% to 18% as India pledged to stop Russian oil purchases and boost US imports. LINK

COMPANY NEWS

OpenAI launches Codex app for AI programming assistance

• OpenAI launched desktop Codex app to gain ground in AI coding arms race. LINK 

• Amcor reported an 89% increase in EBITDA and a 70% rise in net sales as the Berry Global acquisition boosted performance whilst reaffirming its FY24 earnings guidance. LINK

• Centuria Office REIT posted a $62M profit in early FY26 as rising office values and strong leasing helped rebound from a prior year loss. LINK 

• AustralianSuper reduced its stake in ASX Ltd from 11.56% to 9.81% amid rising cost concerns, continuing to oppose BlueScope’s $13B takeover offer. LINK

• AMD disappointed some investors with a US$9.8B Q1 sales forecast as its shares fell nearly 6% amid moderating expectations for AI-driven growth. LINK

• Pinnacle Investment Management spent over $500M expanding globally as it acquired remaining shares in UK’s Pacific Asset Management and 5% of Japan's Advantage Partners. LINK

• Walmart has become the first retailer ever to hit US$1 trillion in market valuation. LINK

CHART OF THE DAY

Pick, Place, Repeat: Handling tops industrial robot tasks

ONE MORE SCROLL

Editor’s Pick: 3 steps to fix your attention span.

Draft Pick: Olympic sports face 'difficult conversations' before Brisbane 2032 as IOC president confirms reforms.

Odd Pick: GameStop shares move higher after Michael Burry says he’s been buying the stock.

TOGETHER WITH

Doga Sydney - Corporate Cuddles & Puppy Yoga

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 🐶

TRIVIA

Today, you have to guess how much the above house sold for. This house is in Wahroonga, which is Sydney's North Shore.

Property Features:

• 6 oversized bedrooms + dedicated home office

• 7 luxurious bathrooms with premium finishes (3 with ensuites)

• 4-car lock-up garage + grand porte-cochère (20+ car off-street parking)

• Multiple formal and informal living spaces throughout

• Designer kitchen (subzero fridges) and butler’s pantry to huge outdoor undercover entertaining

• North/south championship-sized tennis court

• Sparkling in-ground pool, with separate pool house

Answer below

OUR SOCIALS

ANSWER

$18.5 million

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