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Good morning,

Former Star chairman John O’Neill was sent documents showing a junket operator had alleged links to organised crime a year before the board approved boosting its credit facility by $30m, the Federal Court heard in ASIC's blockbuster case against one-time directors and executives of the embattled casino group. 

Meanwhile, Australia's near-$25bn worth of aircraft orders from the US, destined for major airlines and defence, could shield the nation from sweeping steel and aluminium tariffs under the second Trump administration.

And Prime Minister Anthony Albanese says the government will acquire failed airline Rex in the absence of any buyers, to ensure crucial regional aviation services continue beyond June. 

Perry Williams
Business editor
The markets


Making news this morning
1
Strike action hits Rio-backed aluminium smelter
More than 500 workers from the Newscastle smelter have started industrial action over pay as Anthony Albanese pleads with Donald Trump for tariff relief.
2
Three documents at core of PwC tax scandal probe
A series of Freedom of Information searches have revealed details of the AFP investigation into PwC Australia’s tax scandal.
3
Macquarie to bolster private credit ops as earnings track steady
The banking major has shrugged off the impact of the US pulling back from green energy and flagged scaling up its private credit operations.
Editor's picks
EXCLUSIVE
Virgin’s preparations for pets on planes at full throttle
Virgin Australia will assign two rows on selected flights as ‘pet friendly’ as the airline prepares to trial pooches on planes.
By ROBYN IRONSIDE
EXCLUSIVE
Brothers score $179m to expand health tech start-up
A Sydney start-up has closed one of the year’s biggest capital raisings and hopes its rapid scan reading technology will now be rolled out here and the US, following success in the UK and Asia.
By JARED LYNCH
MARGIN CALL
Arts council takes creative approach to racism
Why did Creative Australia send an artist who portrayed the leader of Hezbollah as “divine” as our representative to Venice? Good question.
By YONI BASHAN, NICK EVANS
Commentary
Gold nears $US3000 as tariffs add to jitters
By DAVID ROGERS
Markets Editor
Calm trading in risk assets belies signs of concern about the potential impact of a trade war on the global economy, as gold prices continue to hit records.
DataRoom
Is it third time the charm for Star equity raising?
There’s talk Star Entertainment once again has an equity raising on its agenda.
Chinese suitor to offload $300m CSG asset
Buyers like Beach Energy and GLNG are tipped to circle Westside Energy’s stake in the Meridian gas plant.
Campus Living Villages pauses $2bn sale
The student accommodation provider has suspended its sale as owners weigh up what is next for the business.

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