Good morning, Australia. As you might imagine, this will be a heavily U.S. election-based newsletter. There's a lot flying around, so forgive my effort. Let's pick through the carnage.
Democratic presidential nominee Joe Biden said he believes he'll win enough key battleground states to take the White House during a Wednesday afternoon speech.
President Donald Trump and Republican officials are gearing up to mount a legal fight over the results of the 2020 election as it looks increasingly likely that the Democratic candidate, Joe Biden, will win the race.
US stocks surged on Wednesday as investors continued to keep their eyes peeled to the potential outcome of Tuesday's presidential election. Healthcare stocks led the market higher as the prospect of a Joe Biden presidency and a Republican Senate would stymie a wide-reaching overhaul to America's healthcare system.
The campaign filed the lawsuit in the Michigan Court of Claims, writing in a press release that "President Trump's campaign has not been provided with meaningful access to numerous counting locations to observe the opening of ballots and the counting process, as guaranteed by Michigan law."
Woolworths released its first quarter 2021 sales results, reporting a 12.3% rise in sales. The supermarket giant experienced a jump in food sales, boosted by consumers eating more at home, as well as the popularity of Ooshies.
The Commonwealth Bank has become the first and only Australian bank to implement a moratorium on forced sales. Mortgage holders who struggle to make their repayments will be able to remain in their homes until September.
Aussie millennials have been signing up to investing apps Spaceship and Raiz. More than 100,000 people have signed up to Spaceship since it started its superannuation service in 2017.
The Times Higher Education World University Rankings 2021 has revealed the best universities across a range of subjects. Among the universities in Australia, the University of Melbourne topped the list for business and economics.
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