Vatican Legal Problems?

Good Morning,

Australian funds dominate NZ’s mid-market investment in 2023, Western Canada blazes cause evacuations, air quality concerns, Britain faces its ‘most dangerous’ years in history, Treasury yields dip as investors look to key data this week, Novavax shares soar on license deal with Sanofi at lofty valuation, Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger, Shein steps up London IPO preparations amid U.S. hurdles to listing

Let's jump in.

Before The Bell

Markets

• Fletcher brings down the NZX (GR)

• ASX closes flat, Lendlease drop (AFR)

• Treasury yields dip as investors look to key data this week (CNBC)

News Summary

• Australian funds dominate NZ’s mid-market investment in 2023 (NBR)

• Food prices rise for first time in three months (Stuff)

• Woolworths shelves left bare across parts of Queensland after ‘terrible IT problem’ (Guardian)

• New technology to crack down on rogue cabbies (9 News)

• Queensland rail project to get $1.5 billion funding boost in budget (9 News)

• Pilot celebrates 'textbook' landing after mid-air equipment failure at Newcastle Airport (9 News)

• Western Canada blazes cause evacuations, air quality concerns (RT)

• Israeli forces push into Gaza from north and south (RT)

• Vatican Museums faces unprecedented legal dispute over job conditions (Guardian)

• Georgia police accused of beating protesters against ‘foreign influence’ bill (Guardian)

• Britain faces its ‘most dangerous’ years in history (CNBC)

• Macquarie dominated on-market block trades in April; Goldies dips (AFR)

Deal Flow

Investments / M&A

• Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger (RT)

• Russian consortium announces terms for $5.2 bln Yandex cash and share deal (RT)

• Queensland Airports Limited auction revs up for take-off ... yet again (AFR)

• East coast’s No.1 equipment hire biz Orange Hire set to change hands (AFR)

• Plan B in the works as ARN-Anchorage bid collapses (AFR)

• Cleaning up! Private equity shoot-out tipped for Colinton’s Dimeo (AFR)

• KKR’s MYOB refinancing drags while bolt-on payday looms (AFR)

• Novavax shares soar on license deal with Sanofi at lofty valuation (RT)

Equity Raises

• Shein steps up London IPO preparations amid U.S. hurdles to listing (RT)

Daily Picks

• Sleep does not help brain wash out toxin (Guardian)

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