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Some wild allegations have come out of the Winter Olympics with a German newspaper reporting that ski jumpers have been injecting their penises with hyaluronic acid before being measured for their suits.

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Good morning. Some wild allegations have come out of the Winter Olympics with a German newspaper reporting that ski jumpers have been injecting their penises with hyaluronic acid before being measured for their suits.


Hyaluronic acid, which is not banned in sport, can be used to increase penis circumference. This would increase the surface area of their suits during competition, which could increase their flight in the air.


One to watch out for... or not.


All the headlines and more below...

AUSTRALIAN NEWS

Almost half of Aussie workers feel pressured to take on more work or a second job

  • Almost half of Australian workers feel pressured to take on more work or a second job due to rising living costs whilst women are more affected than men . LINK 

  • Plumbers have overtaken electricians as the highest earning sole- trader tradies in Australia as they averaged $333,781 in annual revenue while HVAC and renovation businesses generated even more. LINK 

  • Australia’s $4.5T superannuation system is increasingly targeted by scammers as $22M in losses from cyberattacks and fraud was reported last year. LINK 

  • Australia has imposed new tariffs of up to 113% on Chinese steel products after investigations found unfair subsidies, risking tension with China over iron ore exports. LINK 

  • Australia is limiting the growth of world-class companies in AI and biotech as a lack of investment incentives persists despite strong talent and lifestyle advantages. LINK 

  • Australian banks are actively trialling stablecoin loan deals under a RBA-backed program, marking concrete progress in tokenised capital markets adoption within the financial system. LINK

  • Australian retirees have moved tens of billions from traditional super funds to digital platforms like HUB24 and Netwealth as they seek more personalised advice amid retirement shortfalls. LINK 

  • Australia’s $1.4B outdoor advertising sector is set for further growth as the new MOVE 2.0 system launches with deeper insights and full national coverage. LINK 

  • US hedge funds have launched short campaigns against ASX growth stocks, citing inflated valuations and weak fundamentals. LINK

  • A push to abolish junior pay rates may lift youth wages while major retailers warn it could cut jobs by favouring experienced staff. LINK 

COMPANY NEWS

Revolut surpasses 1 million users in Australia

  • Revolut surpassed 1M users in Australia, planning a $400M local investment to expand into crypto, payments and trading. LINK

  • Alphabet, Amazon and Meta are projected to spend over US$660B on AI infrastructure in 2026, potentially relying on debt funding as cash flows lag. LINK

  • FIIG Securities was fined $2.5M for failing to maintain adequate cybersecurity as it breached Australian Financial Services licence obligations. LINK

  • Splose raised $46M to expand into the UK and enhance AI-driven tools used by over 20,000 allied health professionals. LINK

  • Car Group posted a 16% rise in first-half profit to $143M, reaffirming its outlook with ongoing AI integration. LINK

  • Qantas’ loyalty program noted strong investor support as a leadership overhaul helped rebuild the airline’s reputation. LINK

  • Bravura Solutions upgraded its FY26 revenue guidance to $280M-$285M and EBITDA to $69M-$73M ahead of its earnings release. LINK

  • Coles is challenging the ACCC’s authority to delay a WA store lease as legal tensions mount over retail dominance and pricing scrutiny. LINK 

  • IAG is reportedly preparing to sell its CGU unit valued at up to $5.5B as earnings pressure and expansion challenges prompt divestment plans. LINK

  • ASIO raised concerns over an ABC Four Corners episode on the Bondi massacre as it warned of possible errors and misidentifications jeopardising legal processes. LINK 

ONE MORE SCROLL

Editor’s Pick: How to trick your brain into doing something you’re avoiding.

Draft Pick: Australia suffers shock early loss in Davis Cup to Ecuador, marking Lleyton Hewitt’s worst performance as team coach.

Odd Pick: US coffee shop secretly operating as strip club.

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