🗞️ Watermelon sugar

Do you remember the last time you really wanted to go to a concert?

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Good morning. Do you remember the last time you really wanted to go to a concert?


Maybe you stayed up til midnight or had 5 devices all open on Ticketmaster at the same time.


We’re afraid that that level of commitment is just not good enough if Harry Styles’ fans are now selling blood to afford tickets to his concerts.


All the headlines and more below...

AUSTRALIAN NEWS

The health insurance mistake costing Aussies $828 a year

  • Private health insurance premiums in Australia are set to rise by 4.4% from April as climbing healthcare costs mark the fastest increase in nearly a decade. LINK  

  • The Victorian teachers' union is advocating a four-day workweek trial to address staff shortages and improve work-life balance amidst ongoing workplace flexibility debates. LINK

  • Metropolitan universities are over-enrolling students ahead of upcoming domestic caps, presenting challenges for funding and capacity planning. LINK  

  • Australian-Korean trade relations have strengthened significantly with Korean investments in ASX-listed resource companies playing a pivotal role in the global energy transition. LINK 

COMPANY NEWS

Mobil Oil Australia to pay $16M fine for misleading claims about fuel sold in Queensland

  • Mobil Oil Australia received a $16M fine for misleading petrol customers in QLD as regulatory scrutiny on fuel quality claims continues. LINK  

  • Apple is expanding into video podcasts, allowing creators new revenue opportunities by integrating video ads as it upgrades its platform to compete with YouTube and Spotify. LINK

  • Atlassian has paused hiring engineers as AI pressures impact its stock value amid broader tech market challenges. LINK  

  • Commonwealth Bank aims to be the first major sponsor for Brisbane 2032 Olympics, with a deal potentially exceeding $200M as part of strategic corporate visibility goals. LINK 

  • OpenAI's ChatGPT is testing advertising options to generate revenue despite CEO Sam Altman's initial reluctance. LINK  

  • Challenger announced a substantial profit increase alongside a higher interim dividend and a proposed share buyback, citing positive asset performances across various classes. LINK 

  • Reliance Worldwide has experienced a 34.9% fall in first-half profit driven by US tariffs and reduced demand, increasing its interim dividend to 4 US cents per share. LINK

  • Baby Bunting's statutory net profit fell significantly due to store optimisation costs while the company raised its full-year profit forecast owing to revenue growth from new store openings. LINK 

  • The Takeovers Panel has delayed Humm Group’s meeting to investigate potential mishandlings of a takeover proposal by Credit Corp to ensure procedural fairness. LINK 

  • Function Health has sued its rival Superpower for alleged false advertising and regulatory breaches. LINK

  • Ventia Group secured a $107M Defence maintenance contract extension with the Australian Department of Defence. LINK

ONE MORE SCROLL

Editor’s Pick: Japan Is giving away houses for practically free to stop entire towns known as “akitas” from dying.

Draft Pick: Aussie No 1. Alex De Minaur wins the ATP 500 in Rotterdam, defeating Canadian Felix Auger Aliassime in dominant straight set fashion.

Odd Pick: Rare Indonesian chicken breed is selling upwards of US$10K+ and traded like stocks amongst investors.

TOGETHER WITH


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TRIVIA


In the Middle Ages, chicken soup wasn’t just for curing the common cold. What did people believe this broth acted as?


Answer below

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ANSWER

An aphrodisiac.


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