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    Today

    The ASX 200 is set to open lower.

    ASX flat, CSL on course for biggest drop this year

    Shares steady; immunoglobulins unit boosts CSL earnings; Seek hit by job ads fall; Orora knocks back Lone Star’s bid; NBN losses deepen. Follow updates here.

    • 13 mins ago
    • Andrew Hobbs, Sarah Jones, Cecile Lefort, Joshua Peach, Tom Richardson and Joanne Tran
    xx

    US eyes Iran attack; Musk interviews Trump; Airtrunk’s $20b tax test

    Read everything that’s happened in the news so far today.

    • 18 mins ago
    CSL boss Paul McKenzie is delivering on his five-year promise.

    ‘I want to win every time’: The Olympic-style goal driving CSL’s boss

    The company’s growth forecasts for next year are a touch weaker than the market expected. But inspired by the Games, Paul McKenzie is focused on another goal.

    • 29 mins ago
    • James Thomson
    James Hardie sells fashionable wall cladding products as buyers switch from brick and masonry walls, but overall demand across the housing construction market is soft.

    James Hardie battles weak demand in Australian reno market

    Renovators are holding off on big projects because of high building costs and economic uncertainty, but the building products maker expects an improvement in 2025.

    • 30 mins ago
    • Simon Evans
    Temple & Webster CEO Mark Coulter.

    Temple & Webster bucks retail slump, shares soar

    The online furniture retailer’s shares jumped 26 per cent after it achieved almost $500 million in sales in a soft market by winning market share.

    • 50 mins ago
    • Carrie LaFrenz
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    Former president Donald Trump speaking at a campaign rally in Bozeman, Montana, last week.

    Trump calling Harris a communist shows he’s desperate

    The vice president is a social democrat, but that doesn’t mean she believes in state control of the economy.

    • Paul Krugman
    Gumbuya executive Ron Weinzierl in front of the park’s famous golden pheasant sculpture in 2017.

    Rich Listers seek backers for ‘Victoria’s Disneyland’ Gumbuya World

    Gumbuya Group’s shareholders have mandated boutique corporate adviser Edison Partners to parade the business to potential equity investors.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    CSL chief executive Paul McKenzie.

    CSL posts bumper profit but top-line growth to slow

    The biotech giant says margin recovery at its core blood products business will enable it to produce double-digit earnings growth for the next half a decade.

    • Michael Smith
    Orora CEO Brian Lowe.

    Lone Star makes its presence known to target Orora

    Orora has dusted nearly $400 million from its valuation since splashing out $2.2 billion to buy France’s Saverglass last September. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Macquarie’s AirTrunk is the first big test of tax changes.

    AirTrunk’s $20b auction the first big test of tax changes

    The heat around the Macquarie-backed data centre group has so far papered over the questions raised by two tax changes – one legislated, one prospective.

    • Anthony Macdonald
    A serviceman of the 24th Mechanised Brigade fires an Easel Antitank Grenade Launcher SPG9 towards Russian position at Chasiv Yar, Donetsk region, Ukraine.

    How Ukraine pulled off its biggest gamble: invading Russia

    Kyiv’s troops say they found a Russian unit calmly drinking coffee as they crossed the border.

    • Christopher Miller
    WiseTech founder Richard White (right) at his compound in Sydney’s Bexley with Josh Simons, CEO of Vinyl Group.

    Rich Lister-backed Vinyl Group buys firm after HR complaints

    One of Australia’s biggest media industry news websites, Mediaweek, has sold for $1 million to the ASX-listed music company backed by Richard White.

    • Sam Buckingham-Jones

    Trump tells Musk not everybody should have an electric car

    Elon Musk and Donald Trump conversation hits hour mark; Greens list objections to CFMEU bill as government amends it; TWU deploys retired judge to investigate harassment allegations. Follow live updates.

    • Updated
    • Lucy Slade
    Israel

    US ready for Iran attack on Israel ‘as soon as this week’

    “We share the same concerns and expectations that our Israeli counterparts have with respect to potential timing,” national security spokesman John Kirby says.

    • Trevor Hunnicutt and Michael Martina
    Wall Street is struggling for direction before this week’s inflation data.

    ASX to rise; Wall Street awaits inflation data

    Wall Street struggled for direction before key US inflation data as the return of geopolitical risk put a rocket under oil and gas prices.

    • Updated
    • Andrew Hobbs
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    Vladimir Putin at a meeting of Russian defence officials on Monday.

    Russian reveals Ukraine’s successes before Putin cuts him off

    The frankness from Alexey Smirnov, the acting regional governor of the Kursk region, in a televised address was too much for Vladimir Putin.

    • Updated
    • Daryna Krasnolutska
    Veolia Australia and New Zealand CEO Richard Kirkman.

    The country’s biggest garbo goes hunting for big ticket M&A in energy

    Sources said Veolia has been on the prowl for M&A opportunities within the energy sector.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Sharon Lewin, a night owl, does a lot of her emails at night and sends them the following morning.

    MH17 taught this leader how to manage through a crisis

    The Malaysia Airlines plane was shot out of the sky two days before a large health conference being organised by Doherty Institute director Sharon Lewin was due to begin. Several delegates were on board.

    • Sally Patten