The Kirk aftermath and More

Good Morning,

Nelson’s economy struggles with floods, closures, and job losses, while protests erupt across the Philippines over flood graft claims. In Auckland, Brian Tamaki led a vigil for slain U.S. activist Charlie Kirk, whose memorial draws attention worldwide. Poland scrambles jets as Russia launches a massive assault on Ukraine, and in the U.S., gunfire hits an ABC Sacramento station amid controversy over Jimmy Kimmel Live!. Trump adds a $100,000 fee for skilled worker visas and loses a lawsuit against The New York Times. In business, SkyCity’s value may be 51% above its share price, Genting Singapore stays popular with investors, and Huawei aims to outpace global tech rivals with smaller chips, while Xi hints at backing a TikTok deal. Debt worries rise as Du Val Property collapses and the NZ economy shrinks 0.9%. On a lighter note, Farm Aid celebrates 40 years, and Brillant Lawson finishes third at the Azerbaijan Grand Prix.

Let's jump in.

Before The Bell

Markets

News Summary

• Floods, closures and job losses rock Nelson’s economy. (RNZ)

• ‘A modern day martyr’ Brian Tamaki leads Auckland Vigil and Haka for slain US activist Charlie Kirk. (NZH)

• Poland Scrambles Jets as Russia launches massive aerial assault on Ukraine. (CNN)

• Philippine Protests Planned Countrywide Over Flood Graft Claims. (BBG)

• What we know about Charlie Kirk’s memorial service. (CNN)

• Gunfire Strikes ABC Sacramento affiliate station one day after protesters denounce ABC ‘indefinitely’ pulling ‘Jimmy Kimmel Live!’ (People)

• Trump adds $100,000 fee for Skilled Worker Visa Applicants. (BBC)

• Judge strikes down ‘superfluous’ Trump lawsuit against New York Times. (BBC)

Deal Flow

Investments / M&A

• SkyCity Entertainment Group Limited's (NZSE:SKC) Intrinsic Value Is Potentially 51% Above Its Share Price. (Wall St.)

• Genting Singapore Limited (SGX:G13) stock most popular amongst public companies who own 53%, while individual investors hold 37%. (Wall St.)

• How Huawei Plans to outperform Global Tech Leaders with Less Powerful Chips. (Stuff)

• Xi hints ‘TikTok’ deal has his blessing… if Trump takes concessions elsewhere. (CNN)

Debt

• Du Val Property Group Collapse: Some investors may get Partial Repayment. (Stuff)

• NZ Economy contracts 0.9% as construction slump bites. (Stuff)

Daily Picks

• Farm Aid’s 40 Year Anniversary. (Yahoo)

• Brillant Lawson third on F1 grid for Azerbaijan Grand Prix (RNZ)

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