10 things you need to know this morning in Australia

Barcroft Media/ Getty ImagesVillagers playing soccer with Mount Agung in the background.

Good morning.

1. Amazon has announced a deal to buy online pharmacy PillPack, marking its latest push into the healthcare industry. The e-commerce giant’s acquisition of the US startup, which mails medicine to your door, has rattled other pharma companies with US pharmacy stocks dropping on the deal announcement, some more than 9%.

2. The Australian dollar rose modestly on Thursday, recovering after hitting an 18-month low against the greenback on Wednesday. The Aussie’s movements largely reflected shifts in investor sentiment seen during the session. At 7am in Sydney, the AUD/USD was up 0.16% to 0.7352.

Investing.comAUD/USD Hourly Chart

It’s a busy data calendar today with most of the big events arriving in the second half of the session. In Asia, the performance of Chinese financial markets will likely be influential.

3. Five people have been killed and several others injured in a shooting at a newsroom in the US. One suspect, described by officials as a white man in his 20s, is in custody. Police haven’t released information about a possible motive. Newsroom employees have been tweeting details of the shooting, saying the gunman shot through a glass door and opened fire on employees.

4. The Australian government has passed sweeping new foreign influence laws which will see foreign spies found guilty of attempting to influence Australia’s politicians and media face as much as 20 years in jail. More details to come.

5. A hack has exposed personal data of job candidates at Australia’s top companies including the RBA, major banks, law firms, and government departments. The security breach has forced the careers sites and important recruitment channels of these companies to shut down after hackers infiltrated the system of a supplier, PageUp. The information includes names, street addresses, email addresses, telephone numbers, gender, and dates of birth of people who applied for jobs online.

6. There’s “no chance” of apology by Liberal Democratic Party senator David Leyonhjelm after he told Greens’ Senator Sarah Hanson-Young to “stop shagging men” during a vote on a motion to arm women with non-lethal weapons such as Tasers as a means of self defence. Here’s what he has to say about the situation:


7. Bye, Lottoland. The Australian government has outlawed betting on overseas lotteries after draft laws cleared parliament on Thursday night. The move is likely to see the end of gambling company Lottoland in Australia. The decision follows concerns they entice people away from traditional lotteries and the revenue they generate for newsagents, pubs and clubs.

8. Britain has won the contest to design and build Australia’s new $35 billion fleet of naval frigates. The deal, which will see the construction of nine new frigates, will create 4,000 jobs in Adelaide. Prime Minister Malcolm Turnbull will announced the details of the partnership later today.

9. Woolworths is already backtracking on its ban of ­single-use plastic bags after it received complaints from customers who refused to pay for bags or did not have enough of their own stored up. In response, Woolworths will hand out reusable bags until July 8.

10. Flights between Australia and Bali are delayed, again. Ash from the eruption of the island’s Mount Agung has caused multiple Jetstar, Qantas, Virgin and Air Asia flights to be delayed, cancelled or turned back on Thursday night and Friday morning.

An update on the situation will be announced at 9am.

Have a great day.

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