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Good morning. Welcome to our new subscribers this morning and 'welcome back' (two words best avoided when speaking at your best mate’s second wedding) to our frequent readers.

All the headlines and more below...

AUSTRALIAN NEWS

Half of Canberra's bankruptcies caused by strata

• Strata fees caused 50% of forced bankruptcies in ACT last year. LINK

• Copper theft has disabled 65km of Perth's highway lighting, causing safety concerns. LINK

• Severe weather has knocked out power to thousands of NSW homes as strong winds batter the region. LINK

• A $2.3B federal subsidy for home batteries has driven installations whilst helping households save $2,000 annually. LINK

• APRA has initiated system-wide stress tests focusing on liquidity shocks as cyberattacks threaten Australia's $4.1T superannuation sector. LINK

• Australia's commercial property sales increased 13% to $15.5B as global trade tensions drive foreign investment. LINK

• NSW has led Australia with 24,716 higher-density housing approvals whilst offering incentives for affordable rental homes. LINK

• The Treasury is proposing new regulatory powers to prevent ethics breaches following the PwC tax scandal. LINK

GLOBAL NEWS

US Senate vetoes deregulation of AI in 99-1 vote

• The US Senate voted 99-1 against a proposed 10-year ban on states regulating artificial intelligence that was included in Trump's tax bill. LINK

• US Senate Republicans passed President Trump's US$3.3 trillion tax and spending bill by a 51-50 vote, which will send the legislation to the House of Representatives for possible final approval. LINK

• Overseas asset managers are increasing dollar hedges on US equity portfolios as the dollar hits a three-year low against a basket of currencies. LINK

COMPANY NEWS

6 million customers hit in Qantas cyber attack

• A cyber hacker accessed personal information of up to 6 million Qantas customers in one of Australia's biggest data breaches in years. LINK

• A US judge has ruled that Huawei must face criminal charges including racketeering, bank fraud and trade secret theft. LINK

• Amazon founder Jeff Bezos sold US$737M worth of shares in June, whilst retaining 905 million shares. LINK

• Domino's Pizza CEO Mark van Dyck has resigned after just 8 months in the role, with the company's shares slumping nearly 40% during his tenure. LINK

• McDonald's has been ordered by the Fair Work Commission to negotiate pay for 5,000 workers under new multi-employer bargaining laws. LINK

• OpenAI has responded to Meta's US$152M signing bonuses with new strategies to retain leading researchers. LINK

• Paramount settled a lawsuit filed by President Trump over a "60 Minutes" interview, agreeing to pay US$16M that will be allocated to Trump's future presidential library. LINK

• Figma has filed for an IPO on the NYSE, as the cloud-based designer platform valued at US$12.5B aims for one of the most high-profile listings this year. LINK

• KKR will acquire ProTen, one of Australia's largest broiler chicken growers, from pension fund Aware Super in a deal worth around US$1.3B through its Asia Pacific Infrastructure Investors II Fund. LINK

• Cloudflare's new settings allow publishers to block unauthorised AI web crawlers. LINK

• Nine Entertainment increased Stan Sport's subscription price by 19% to $32 after acquiring the English Premier League streaming rights. LINK

• The US$1.5B Dexus Healthcare Property Fund has suspended redemptions due to a SA medical research property valuation dispute. LINK

CHART OF THE DAY

13 product categories account for 96% of global incentive value

ONE MORE SCROLL

Editor’s Pick: Apple’s F1 film debuts with record $55 million in the US, signalling a global box office win.

Draft Pick: British and Irish Lions defeat Queensland Reds 52-12 at Lang Park, Brisbane.

Odd Pick: Venomous snake found snoozing in Sunshine Coast resident's closet.

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TRIVIA

Tom Cruise turns a spritely 63 today, which is mind-blowing. We've given you 6 movies below and it's your job to work out which ones he appeared in and which ones he didn't:

1. Jerry Maguire

2. Rain Man

3. Edge of Darkness

4. Catch Me If You Can

5. War of the Worlds

6. Inception

Answers below

OUR SOCIALS

ANSWERS

1. Yes
2. Yes
3. No
4. No
5. Yes
6. No

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