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Good morning,

The loss-making renewable energy company developed by high-profile economist Ross Garnaut, who has pushed to fast-track the country’s move away from fossil fuels, is precariously placed after its trading position was damaged by a wind drought.

Meanwhile, whistleblower Tony Watson has been before the courts more than 20 times since kicking off his case against Lendlease in 2022 and he is back there again today. But, his funds to carry on the fight are fast drying up.

And Ritchies supermarkets boss Fred Harrison is disappointed the ACCC's year-long inquiry into the sector did not end "land banking" by Coles and Woolies, which he claims has curtailed his expansion to just two new stores over the past decade.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Aussie munitions firm to build $120m US plant
NIOA will build a $120m weapons factory in the US amid growing calls by Donald Trump for Western countries to spend more on defence.
2
Anxiety about retirement and super rises on Trump tariff talk
Global economic and financial markets fear is adding to worries that are already eating into the minds of older Australians.
3
Falcon’s $45m leads and marketers bill
ASIC has alleged Falcon Capital gave $45m to three marketing firms to promote First Guardian funds over two years, with at least half coming directly from fund assets.
Editor's picks
WHYALLA
How GFG gambled on spot market to power steelworks
Sanjeev Gupta’s GFG Alliance purchased electricity and gas for the Whyalla steelworks on the volatile spot market, rather than opt for contracts, in order to eke out financial wins.
By PERRY WILLIAMS
MARKETS
ASX supports public markets push as private pressures grow
The ASX wants to make it easier for companies to list — and stay listed — amid a surge in private companies and investments.
By DAVID ROSS
COMPETING BIDS
$17.6m Noosa sale leads national auction results
A five-bedder backing onto Noosa Sound and a former AMP director’s luxury Mosman home topped results over the weekend.
By JONATHAN CHANCELLOR
Commentary
Grow up Zuck, stop complaining and make a deal
By JARED LYNCH
Technology Editor
If Donald Trump really wants to make America great again he should not listen to Mark Zuckerberg, who has complained Australian laws are targeting US tech titans unfairly.
DataRoom
Uncle Sam eyes Aussie ship builder
All the talk has been of Korean group Hanwha acquiring Austal, but American ownership may be more attractive.
Only one local bidder for Ravenswood
The gold mine, up for sale for the second time in five years, is expected to fetch north of $US1bn.
Pathology players keeping keen eye on budget
Listed healthcare providers will be buoyed by talk of $500m of extra funding which could be up for grabs in the upcoming budget.

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