Stingy Blackstone up offer by 1 cent.

Good Morning,

FANZ addressing industry shortcomings with best-practice examples, Queensland government pledges $2.8 billion to tackle housing crisis, Millions of Australians to get pay rise next month after increase to minimum wage, Final results in seismic South Africa election confirm ANC has lost majority, China’s Chang’e-6 probe lands on far side of the moon, Revised Skydance offer would let Paramount shareholders cash out at $15 per share, Mexico elects Claudia Sheinbaum as its first female president in landslide victory

Let's jump in.

Before The Bell

Markets

• RBA rate rise still expected even after ‘balanced’ wage review (AFR)

• ASX rises; real estate, banks gain, iron ore hits six-week low (AFR)

• European and Canadian central banks expected to cut interest rates this week (Guardian)

• Struggling Dow transport stocks could be economic warning signal (RT)

News Summary

• National MP's online newsletter edited with derogatory byline (Stuff)

• ‘Missed by all’: Former NZ first member Barbara Stewart dies (Stuff)

• More than half of Synlait Milk's suppliers want to quit (Stuff)

• Beck, Gattung, Withers enter realm of NZ dame and knighthood (NBR)

• FANZ addressing industry shortcomings with best-practice examples (GR)

• Queensland government pledges $2.8 billion to tackle housing crisis (9 News)

• Defence force needs 'immediate' funding boost, according to new report (9 News)

• Victoria moves to improve minimum heating and cooling standards for rentals (9 News)

• Former treasurer Josh Frydenberg rules out returning to politics at next election (9 News)

• Millions of Australians to get pay rise next month after increase to minimum wage (9 News)

• Final results in seismic South Africa election confirm ANC has lost majority (Guardian)

• Mexico elects Claudia Sheinbaum as its first female president in landslide victory (Guardian)

• China’s Chang’e-6 probe lands on far side of the moon (Guardian)

• Zelenskiy accuses China of deterring countries from going to peace summit (Guardian)

• Penny Wong condemns Peter Dutton’s threats to cut ties with International Criminal Court (Guardian)

• Exit polls show Narendra Modi expected to win historic third term (Guardian)

Deal Flow

Investments / M&A

• $1 billion in Australian solar and wind assets are set to hit the auction block after a looming redemption deadline at DIF Capital Partners prompted the global fund manager to offload the portfolio. (AFR)

• Biotech Immutep seeks $102 million, taps three brokers (AFR)

• Crescent Capital set to take radiology business off The Growth Fund (AFR)

• Blackstone raises Hipgnosis offer by a cent (RT)

• Revised Skydance offer would let Paramount shareholders cash out at $15 per share (RT)

Equity Raises

• BCAL Diagnostics closes oversubscribed raise; Ellerston tops up (AFR)

Daily Picks

• We Are So Back! GameStop shares surge 90% in premarket after ‘Roaring Kitty’ trader posts account showing $116 million position (CNBC)

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