Australia passes digital identity laws

Good Morning,

Summary of News

Jarden ‘sticking to its knitting’ , One dead after passenger train collision near Levin, Kiwis trapped in Nouméa, Air NZ won't fly from New Caledonia for days, Lithium miners shake up trading to tackle wild price swings, Australia has passed new national digital identity laws, NZ Gov abandoned targets on inflation, child immunisation, Costa family-backed GO.FARM seeks $300m for new agricultural fund

Let's jump in.

Before The Bell

Markets

• Positive Gentrack result gives sharemarket a boost (GR)

• ASX record within striking distance as miners, energy stocks rally (AFR)

• China's property support measures disappoint (RT)

• US stock settlement switch faces early resilience test (RT)

Earnings and Data

• Comvita to reduce costs a further $10m on ‘prolonged weakness’ (NBR)

• Gentrack upgrades FY24 revenue and earnings guidance (NBR)

• Expected sales momentum fails to materialise for Michael Hill (NBR)

• Manawa Energy counts on reset for growth and value (NBR)

News Summary

• Fixing potholes, second harbour crossing, add to $63 billion bill (NBR)

• Jarden ‘sticking to its knitting’ (NBR)

• Chinese ambassador suggests it’d be risky for NZ to join Aukus (NBR)

• Iran president found dead at site of crashed helicopter (Stuff)

• No merit to Palo Alto Networks insider trading allegations, Sir John Key says (Stuff)

• Kiwis trapped in Nouméa, Air NZ won't fly from New Caledonia for days (Stuff)

• One dead after passenger train collision near Levin (Stuff)

• Albert Park rapist can now be named (Stuff)

• NZ Gov abandoned targets on inflation, child immunisation (Post)

• Police hunt for Australia's former most wanted man after ankle monitor removed (9 News)

• 'Unregulated experiment on children': NSW premier backs raising age limit for social media (9 News)

• Australia has passed new national digital identity laws (9 News)

• Lithium miners shake up trading to tackle wild price swings (AFR)

• Taiwan April export orders grow at fastest pace in 2 years (RT)

Deal Flow

Investments / M&A

• AMCI launches $47.4m block trade in Jupiter Mines; taps Barrenjoey (AFR)

• Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes (AFR)

• TPG Capital wines and dines LPs ahead of Novotech exit (AFR)

• Victa lawnmower brand hits the block via 333 Capital (AFR)

• Adamantem Capital doubles down on Environmental Opportunities Fund (AFR)

• Mystery suitor for Kiwi honey producer Comvita revealed (AFR)

• Star shares surge after casino confirms Hard Rock interest (AFR)

• Government-backed green tech firm goes broke, gets acquired for $5m (AFR)

VC & Fundraising

• Biotech start-up raising $20m pre-IPO amid missed payment claims (AFR)

Equity Raises

• Costa family-backed GO.FARM seeks $300m for new agricultural fund (AFR)

• Patriot Battery Metals in $44m capital raise; Euroz, Argonaut on hand (AFR)

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