AGP Executive Report
Last update: 2 hours agoBig Tech News Deal: Australia has passed a law to force major platforms like Meta and Google to pay for local news, with a 2.5% levy on ad revenue if they don’t strike qualifying commercial agreements with publishers. Superannuation & Advice: A push for simpler, affordable retirement advice is back in focus, with commentary arguing there’s progress on financial advice rules but a “big hole” remains for retirees needing one-off help. Markets & Deals: Insurance broker Steadfast has agreed to a $7.7b take-private buyout by a KKR-backed consortium, while JBS moves to buy the remaining Pilgrim’s Pride stake in a $1.2b stock deal. Energy Prices Mystery: WA saw a midnight power-price spike driven by batteries, raising questions about how storage is being managed as the grid transitions. Small Business Survival: Analysis shows almost one million Australian businesses stopped trading in four years, with survival rates slipping as inflation and costs bite. AI & Data Centres: Perth is preparing a Senate submission calling for clearer rules for data centres as the boom strains energy, water and planning.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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