Good morning folks.

1. Scott Morrison announced yesterday that flights between India and Australia will be paused until May 15 in response to the increasing threat of the country’s deadly second wave. India recorded almost 350,000 new infections in 24 hours on Monday. The Federal Government had previously said on Friday it would cut the number of arrivals allowed in from India by 30%.

2. Australian athletes and officials heading to the Tokyo Olympics and Paralympics will be vaccinated. That works out to about 2,050 people. Either the Pfizer or AstraZeneca vaccine will be available for the athletes and officials, depending on how old they are. “We want to see our athletes head to Tokyo to compete and then return to Australia safely,” Health Minister Greg Hunt said.

3. NSW Premier Gladys Berejiklian challenged other states to take on more international arrivals, with the state bearing responsibility for almost 50% of all returned travellers. However, the Premier of Western Australia and the acting Premier of Victoria say states should have a greater say over who is allowed to leave Australia and return to hotel quarantine.

4. Woolworths is building a new automated warehouse in Sydney’s western suburbs. The supermarket giant says it is gearing up for more of its customers in the region to do their shopping online, following soaring demand for home-delivered groceries over the past 12 months. “We know that there has been a permanent shift in the way that customers shop,” Amanda Bardwell, the managing director of Woolworths’ WooliesX online division, told the Sydney Morning Herald and The Age. “So we want to make sure our network is set up to best serve our customers going forward.”

5. Australia’s rental market is recovering at the fastest rate since 2007, according to CoreLogic data. Rental rates spiked 3.2% over the March quarter, with median rents for regional units leading the charge. The key outlier was Melbourne, which continues to lag behind other metro and regional players thanks to a drop in international migration.

6. Australian universities anticipate they’ll be short $3.8 billion as international enrolments plummet. Despite the fallout, federal government funding is on track to fall to its lowest level in more than a decade. It leaves universities facing the prospect of stretching a 2009-sized budget to educate an extra 400,000 students.

7. Hey Melbourne, are you ready for some of that Merivale magic? Sydney pub baron Justin Hemmes is set to open his first venue in Australia’s so-called ‘culture capital’ after striking a $40 million-plus deal to buy Tomasetti House on Flinders Lane. “Melbourne is a very special city, with a unique energy and an inimitable soul. Its local hospitality industry is one of the best in the world … we are honoured to open our first venue in Melbourne, and cannot wait to work alongside so many local industry greats,” Hemmes said.

8. Today’s Insider Advertising newsletter breaks down how Apple’s new iOS software update could radically shift the advertising industry. The update allows users to block apps from tracking them around the web. Advertisers are fretting about how Apple’s policy will limit campaign measurement and attribution, especially on Facebook. The change could wipe out as much as 7% – or $5 billion – of Facebook’s total revenue in the second quarter of 2021, estimated mobile consultant Eric Seufert.

9. Google parent company Alphabet announced its Q1 earnings Tuesday, beating Wall Street expectations. It reported $45.6 billion in revenue, minus traffic acquisition costs, versus $42.48 billion expected by analysts. Google’s ad revenue continued its post-pandemic recovery, while Cloud revenue also grew again in Q1.

10. The NBA’s Golden State Warriors are getting into the world of digital collectibles with the launch of an NFT collection. They say they’re the first pro sport team to do so. “The digital collectibles excitement is palpable,” Brandon Schneider, the Warriors’ chief revenue officer, said in a statement. “We see NFTs and digitisation of our business as a mainstay to engage our fans around the world.”

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