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The a2 Milk Company (ASX:A2M) has received Chinese regulatory approval to transition two infant formula registrations at its Pokeno facility.

FDC Construction & Fitout reportedly is targeting a $400 million capital raise for an IPO that would value the company at $970 million.

Australia announced a one-month extension to its fuel excise relief, reducing the rate to $0.16 per litre from July 1 to Aug. 2.

• The Reserve Bank of Australia left the official cash rate target unchanged at 4.35% on June 16 to evaluate earlier interest rate increases.
• Persistent capacity pressures and fuel costs pushed inflation above expectations, linking interest-sensitive equities through uniform borrowing environments.
• Corporate leaders forecast structural cost pressures as global oil disruptions and consumer spending limits challenge forward retail and housing pipelines.

• Kraken’s FIFA World Cup sponsorship coincides with prediction market trading volumes surpassing US$2 billion across football-related contracts. 
• Sports forecasting activity is being concentrated in blockchain-based and regulated event markets, led by Polymarket and Kalshi. 
• Regulatory uncertainty around prediction markets remains the key challenge as platforms expand into mainstream sporting events. 

• Jabil’s Q3 fiscal 2026 revenue reached $8.8 billion, with management signaling strong future demand for AI-native infrastructure and cooling systems.
• The company reported U.S. GAAP operating income of $445 million and core diluted earnings per share of $3.16, as it pivots toward high-speed AI interconnects.
• The broader sector faces a structural shift as contract manufacturers race to expand domestic capacity for power-intensive, liquid-cooled data center hardware.

• Gina Rinehart's Hancock Prospecting has acquired a $1.31 billion stake in SpaceX following its initial public offering.
• SpaceX completed its first official day of public trading with a total market valuation of US$2.1 trillion.
• The deal links Australian natural resource exporters directly to the infrastructure requirements of orbital data networks.

• A steep downturn in the resources sector reduced overall Australian business operating profits by 1.9% during the 2024–25 financial year.
• The contraction was led by a 19.1% fall in mining profits, stripping $32.9 billion from the sector.
• Sustained pressure from weaker global prices for iron ore, coal, and lithium remains the primary industry headwind.

• The federal government released a consultation paper detailing an alternative mechanism to help eligible early-stage startups retain their 50% capital gains tax discount, delaying final legislation until late 2027.
• Eligible independent firms must hold an annual turnover under $50 million, operate for under a decade, and issue equity after June 30, 2027.
• The broader market faces a July 1 transition substituting the flat 50% discount with cost base indexation and a 30% minimum tax rate.

Nine senior figures have quit the Ethereum Foundation this year, including co‑executive director Hsiao‑Wei Wang, even as ETH trades about 57% below its all‑time high and Solana closes the gap.

• The Australian federal government announced a $3.6 billion wage subsidy extension to secure a 15% pay rise for early childhood educators over two years, preventing a planned July 15 walkout by over 20,000 workers.
• Funding eligibility requires listed operators to cap consumer fee increases from mid-2027, directly impacting organic revenue growth and profit margins across the sector.
• The structural policy shift introduces strict regulatory compliance guidelines alongside a separate $426.6 million initiative, forcing providers to manage tight workforce retention against mandated pricing restrictions.

The Australian Competition and Consumer Commission prioritises enforcement targeting unsafe children's products and manipulative digital market practices.

Mandrake Resources (ASX:MAN) signed a contract for a 3,200-metre drilling programme at its Berinka Gold-Copper Project.

xReality Group (ASX:XRG) executed a non-binding agreement with Thales Australia to jointly target global defence, security, and law enforcement simulation markets.

Alligator Energy (ASX:AGE) expanded its Samphire Project uranium resource by 67% and secured a new lease acquisition option.

Regis Resources (ASX:RRL) reinstated its 1.89-million-ounce ore reserve at the McPhillamys Gold Project after completing an economic study.

Electro Optic Systems (ASX:EOS) has secured a US$124 million counter-drone weapon system order from the United Arab Emirates.

Bupa has executed an agreement to acquire Partnered Health Group to grow its integrated healthcare service footprint across Australia.

Accelerate Resources (ASX:AX8) has commenced a maiden reverse circulation drilling programme at its Spencers gold discovery.

The Australian Bureau of Statistics reported that overall Australian business operating profits fell 1.9% in the 2024–25 financial year.

Acrow (ASX:ACF) raised $70 million through a fully underwritten institutional placement to fund two strategic acquisitions.

EQ Resources (ASX:EQR) has commenced its Phase 1 drilling programme at the Barruecopardo Mine in Spain.

Lendlease (ASX:LLC) criticised KPMG at a parliamentary hearing on June 19 over allegations that confidential client documents were stolen.

Cynata Therapeutics (ASX:CYP) announced its Phase 3 trial of CYP-004 showed no statistically significant differences.