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When the world’s largest gathering of energy executives arrived in Houston in March, Santos boss Kevin Gallagher spruiked his company's untapped growth potential in Australia and around the world. For a cashed-up suitor like ADNOC, it was too good to resist.

Meanwhile, the blockbuster case between the ACCC and supermarket giants Woolworths and Coles has taken a crucial legal step forward, with all parties agreeing to hard facts around hundreds of grocery items the supermarkets allegedly duped shoppers into believing were discounted. 

And the burden of stamp duty has hit a record high, while taxing foreign investment is only worsening the housing crisis, developers say. The average stamp duty bill on a median-priced home has now reached $31,210 nationally, a 55 per cent increase since 2019.