Elon Musk Sues OpenAI

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Elon Musk Sues OpenAI, Altman for Breaching Firm’s Founding Mission, Crypto Mania Drives Record $520 Million Into BlackRock Bitcoin ETF in a Single Day, ASX charts wildest ever earnings season as traders scramble, TVNZ reports $16.7m loss in six months, Global lithium producer signals price rout has ended and AI entrepreneur calls for Government to support anti-vape device.

Let's jump in.

Before The Bell

Markets

• Gold Extends Gain as Inflation Data Keeps Rate Cuts on the Table (BBG)

• ASX charts wildest ever earnings season as traders scramble (AFR)

• Oil rises 1% as markets await OPEC+ decision (RT)

Earnings and Data

• TVNZ reports $16.7m loss in six months (Stuff)

• Cannasouth needs more cash, reports $8.8m loss (NBR)

News Summary

• NZ politics live: PM Christopher Luxon says he won’t claim $52k accommodation allowance (Stuff)

• Millions to be paid to Whakaari White Islands victims (Stuff)

• ACC mulls job cuts after ‘very clear expectation’ to save 6.5% (Stuff)

• How Country Garden Plays Into China’s Property Mess (BBG)

• Prada Rides Luxury Boom While Mass Retailers Struggle as Chinese Demand Flags (BBG)

• Elon Musk Sues OpenAI, Altman for Breaching Firm’s Founding Mission (BBG)

• Tesla Offers China Incentives to Boost Sales as EV Growth Slows (BBG)

• Crypto Mania Drives Record $520 Million Into BlackRock Bitcoin ETF in a Single Day (BBG)

• Global lithium producer signals price rout has ended (AFR)

• Banks told to get moving on protecting customers from scams (NBR)

• AI entrepreneur calls for Government to support anti-vape device (NBR)

• Life360 heads towards profitability (NBR)

• Exclusive: Deutsche Bank to file liquidation suit against Chinese developer Shimao, sources say (RT)

• Toyota to recall 381,199 vehicles in US, NHTSA says (RT)

Deal Flow

Investments / M&A

• UBS Agreed Up to €700 Million Loan for ION’s Equity in Prelios (BBG)

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