Good morning all.
1. Fired Minneapolis police officer Derek Chauvin has been found guilty of all charges relating to the death of George Floyd. Chauvin was filmed last year kneeling on Floyd’s neck for nine minutes before he died. Specifically, Chauvin was found guilty of two counts of murder and one count of manslaughter. Floyd’s death sparked racial injustice protests worldwide, including in Australia.
2. A vaccinated Auckland airport worker tested positive for COVID-19 yesterday, but it is not expected to cause any issues for the travel bubble. “They’re watching New Zealand, but they have high confidence that New Zealand has this in train,” Greg Hunt said yesterday. “And, of course, given that the worker has been vaccinated, that will play into how they assess the case and the transmission capability.”
3. Another interesting tidbit on the trans-Tasman bubble. Nine News reports that changes to biosecurity legislation mean that Australians who use the travel bubble to fly onto the rest of the world could potentially face prison. According to the Australian Parliament website about the coronavirus biosecurity laws which included the travel ban, anybody who breaks the rules faces five years in prison and/or a $63,000 fine.
4. Afterpay has revealed it is in discussions with Goldman Sachs to publicly list in the United States. In a market update that showed it had grown sales by more than 100%, Afterpay said it was clear where its future lies. “While Afterpay intends to remain an Australian headquartered company, our shareholder base is increasingly becoming more globally focused. A US listing would further accommodate this growing interest,” the company said in an update.
5. Woolworths announced yesterday it had lifted its stake in Quantium, Australia’s oldest and largest data business, to 75% from 47% for $223 million. Quantium will be part of Woolworths, and a new business unit called Q-Retail will be established. “Advanced analytics is key to improving the experiences, ranges and services we provide to our customers and the support we provide to our teams and suppliers,” Woolworths CEO Brad Banducci said.
6. All six English clubs involved in plans to join a breakaway European Super League have abandoned the project, which has now been suspended. It followed a heated couple of days where football fans revolted against the plan – describing it as an attack on the game itself. JP Morgan, which was bankrolling the breakaway league, also felt that heat.
7. There were a few Apple announcements overnight. A brand new line of colourful iMacs have been announced, running on the same M1 chip as Apple’s new laptops, as well as the company’s long-awaited location tracking gadget, the AirTags. Yes, there’s an option to get a Hermes case for your AirTags for a pretty penny.
8. Netflix expects to spend $17 billion on content in 2021, as long as COVID-19 restrictions continue to loosen. The streaming giant has seen a dip in original content releases on its platform since production was delayed for much of 2020 due to pandemic safety protocols. Original Netflix programs specifically have fallen by 20% since this time last year.
9. It comes as Netflix posts lower than expected growth. The company added 4 million new customers in Q1, compared to the 6 million that analysts expected. “We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” the company wrote in the shareholder letter. The streaming giant said that slowdown will be more pronounced as pandemic restrictions ease. Netflix said it will add 1 million new customers in Q2.
10. One of the two men killed after a Tesla crash in Texas was identified as Dr. William Varner. Police suggested no one was driving, but Musk tweeted on Monday that reviewed data logs showed that the car wasn’t using Tesla’s Autopilot feature. He also said its owner had not purchased the carmaker’s more advanced driver-assistance suite, “Full Self-Driving.”
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For those of you following the ‘milkshake sexual consent’ education video debacle.
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