Joe Biden not to attend the Cop28

Good Morning,

Neuralink, Elon Musk’s brain implant startup, quietly raises an additional USD $43m, Brazil's Eneva proposes merger with Vibra to create energy giant, NZ sharemarket falls as investors await Reserve Bank of New Zealand news, $AUD forges fresh highs as traders eye 70c USD exchange rate, Medical Assurance Society to pay $2.1 million penalty for misleading customers, How Fonterra's new climate plan could have got farmers to their first green goal

Let's jump in.

Before The Bell

Markets

• NZ sharemarket falls as investors await Reserve Bank of New Zealand news (GR)

• $AUD forges fresh highs as traders eye 70c USD exchange rate (AFR)

• Miners drag ASX lower; QBE, Healius shares rally (AFR)

• Crude oil benchmark, Brent slips toward $80/Barrel ahead of OPEC+ meeting (RT)

• Asia stocks swing lower & gold climbs (RT)

News Summary

• Medical Assurance Society to pay $2.1 million penalty for misleading customers (Stuff)

• How worried should we be about the pneumonia outbreak in China? (Stuff)

• Police officer describes being thrown into tree during hit-and-run by former reality TV contestant (Stuff)

• Christopher Luxon takes aim at public service, pledges to tackle cost of living, restore law and order (Stuff)

• How Fonterra's new climate plan could have got farmers to their first green goal (Stuff)

• Ultraman World Championships: Simon Cochrane smashes 44 minutes off race record when winning at Kona (Stuff)

• Few clues how sweeping changes to Reserve Bank of Australia will impact interest rates (9 News)

• Cash payments continue to decline as Aussies move to electronic methods (9 News)

• Uber Eats introduces new minimum spend charge on groceries (9 News)

• Joe Biden will not attend the Cop28 climate meeting in Dubai (Guardian)

• India tunnel collapse: rescuers attempt vertical drilling after safer options hit trouble (Guardian)

• Hamas releases third group of hostages as part of truce and says it will seek to extend the deal (CNBC)

Deal Flow

Investments / M&A

• Conscious Investment Management has ruled off a first close for its AUD $200 million social housing fund (AFR)

• Tietto Minerals worth well north of what West African gold miner by Hong Kong’s Zhaojin Mining bid (AFR)

• Automotive company, Schaeffler AG increased its offer to buy Automotive supplier, Vitesco Technologies Group AG in a €3.8 billion deal (BBG)

• Euroz corrals OreCorp sellers, Perseus buys 15pc stake (AFR)

• Adore Beauty knocks back takeover approach, shares jump 20pc (AFR)

• Brazil's Eneva proposes merger with Vibra to create energy giant (RT)

VC & Fundraising

• Neuralink, Elon Musk’s brain implant startup, quietly raises an additional USD $43m (TC)

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