Bitcoin breaks $40,000 USD

Good Morning,

Bitcoin breaks $40,000 USD, Indian shares hit fresh record highs, Gisborne forestry company fined $73,500, World’s biggest experimental nuclear fusion reactor launched in Japan, Alaska Air to buy peer Hawaiian Airlines for $1.9 billion USD, TPG Capital chases a $4b AUD payday at Novotech, Gold Coast pulls out of hosting bid for 2026-27 Commonwealth Games

Let's jump in.

Before The Bell

Markets

• $AUD hits four-month high as Fed rate cut in sight (AFR)

• Bitcoin breaks $40,000 USD (RT)

• Oil down on persistent uncertainty over OPEC+ supply cuts (RT)

• Indian shares hit fresh record highs on state election result boost (RT)

News Summary

• Harry and Meghan not invited to Duke of Westminster's wedding (Stuff)

• What really counts as poor in New Zealand now? (Stuff)

• Gisborne forestry company fined $73,500 NZD for 'poor practice and poor management'(Stuff)

• Gold Coast pulls out of hosting bid for 2026-27 Commonwealth Games (Stuff)

• Federal MP Peta Murphy dies aged 50 after cancer battle (9 News)

• Supermarkets hit back at minister's calls to freeze Christmas ham prices (9 News)

• Origin takeover bid rejected by shareholders (9 News)

• Teen, 15, admits firing gunshots at Perth school (9 News)

• Mars and Cadbury among chocolate firms criticised in ethics report (Guardian)

• Venezuela referendum result: voters back bid to claim sovereignty over large swath of Guyana (Guardian)

• World’s biggest experimental nuclear fusion reactor launched in Japan (Guardian)

• Europe is ‘miles behind’ in race for raw materials used in electric car batteries (Guardian)

• Evergrande rejects report it artificially ‘inflated revenue,’ court delays liquidation hearing (CNBC)

• Air pollution is dirty secret in UAE, says rights group (Guardian)

Deal Flow

Investments / M&A

• Alaska Air to buy peer Hawaiian Airlines for $1.9 billion USD (RT)

• Rich Lister returns to his rock’n’roll roots with $180m US deal (AFR)

• Private equity firm CPE Capital is closing in on a deal to acquire facilities maintenance business Modus Projects (AFR)

• ATB Engineering seeks new owner (AFR)

• South Africa's Aspen Pharmacare to buy Sandoz's China business (RT)

VC & Fundraising

• India’s MoveinSync eyes $50–60M in fresh funding (TC)

Equity Raises

• TPG Capital chases a $4b AUD payday at Novotech (AFR)

• Metals Acquisition Corp set for ASX listing (AFR)

Daily Picks

• COP28: New Zealand shamed with 'Fossil of the Day' award over Government repeal of offshore oil exploration ban (Newshub)

• NZ Rugby claims Beauden Barrett contract proof All Blacks eligibility rules work (Newshub)

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