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🗞️ Selective hearing
Amazon is acquiring Bee, a wearable device that listens in on all of your conversations.
Pick & Scroll News
July 25, 2025
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Good morning. Amazon is acquiring Bee, a wearable device that listens in on all of your conversations.
The device will then use AI to transcribe everything and generate personalised summaries of your days, reminders and suggestions.
Could be very problematic for the person who participates in 'selective hearing', when it comes to requests around the home.
All the headlines and more below...
AUSTRALIAN NEWS
Labor to introduce penalty rates bill aimed at protecting millions of workers
A proposed penalty rates bill aims to protect millions of casual workers who earn $40.85 per hour on weekends. LINK
Australia's living standards are predicted to fall over the next decade as declining mining royalties and sluggish productivity could cost the average Australian $75,000 in income. LINK
House and unit prices have increased across all Australian capital cities as the property market recovers nationwide. LINK
The RBA report finds international students slightly increased rental demand whilst not being primary inflation drivers post-COVID. LINK
The ATO is seriously concerned about GST fraud in the property, construction and restaurant sectors, particularly among privately held companies turning over more than $10M annually. LINK
Financial firms face retention challenges as 81% of young, wealthy clients plan to change advisers after inheritance. LINK
20% of drivers disable safety features due to distrust or annoyance. LINK
Queensland has expanded its CFMEU royal commission to investigate gangland ties in the construction industry. LINK
GLOBAL NEWS
White House unveils US strategic plan on AI
Donald Trump has unveiled an AI strategy to maintain US dominance over China by removing oversight restrictions. LINK
Global media and entertainment revenues is expected to reach US$3.5T by 2029 with 3.7% annual growth. LINK
Australia will ease restrictions on beef imports from the US following a science-based assessment that concluded US measures effectively manage biosecurity risks. LINK
COMPANY NEWS
NAB removes ‘roadblock’ for homebuyers
NAB will ignore Higher Education Loan Program debt of $20,000 or less when assessing new home loans from July 31, following CBA's similar action in April. LINK
Australia Post is investigating a mail theft at its Melbourne GPO where Mercer Super members' personal letters were stolen. LINK
The ATO wrote off nearly $1M in penalties owed by a company linked to Paul Keating as questions arise over tax settlements. LINK
Scyne Advisory reduces workforce to 950 employees amid leadership departures and business challenges. LINK
Microsoft reported that hackers targeting its SharePoint servers have escalated to deploying ransomware in their cyber-espionage campaign. LINK
Alphabet has increased its FY25 capital spending forecast by US$10B to US$85B after recording 32% growth in cloud revenue. LINK
Autobarn owner, Bapcor, has issued a profit warning with expected revenue of $1.94B as 3 board members resign following weak May and June sales. LINK
TasWater is proposing 8.8% annual rate increases over 5 years for Tasmanian households. LINK
Bedford will enter voluntary administration, affecting 1,400 disability clients across SA. LINK
Tesla has reported a 12% revenue drop and 42% fall in operating income for Q2 FY25 amid increasing competition. LINK
DroneShield has secured a $5M contract to supply anti-drone devices to the ADF for Project LAND156. LINK
Seek has blocked Employment Hero from accessing its platform API over alleged data misuse following the startup's market power abuse lawsuit. LINK
Neuralink plans to implant brain chips in 20,000 people annually. LINK
IBM beat quarterly profit estimates, whilst software revenue slowed despite mainframe business gains from AI integration. LINK
Treasury Wine Estates maintains FY25 Penfolds vintage pricing at US$1,000 for Grange despite weakening global demand. LINK
ONE MORE SCROLL
Editor’s Pick: Women can lose up to $1M in lifetime earnings due to daily career decisions affected by societal conditioning.
Draft Pick: The 100 best sporting moments of the quarter century - US version.
Odd Pick: A Sea turtle named Dilly Dally was released into the ocean with 3 flippers after undergoing an amputation.
TOGETHER WITH
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BRAINTEASER
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