10 things you need to know this morning in Australia

Good morning, team. Let's do it.

Jeff Bezos will step down as Amazon's CEO later this year and be replaced by AWS CEO Andy Jassy

Jeff Bezos will step down as Amazon CEO in Q3 2021. Andy Jassy, who currently serves as CEO of AWS, will replace him. Bezos will become executive chairman, where he'll focus on "new products and early initiatives."

The RBA has left the interest rate unchanged at 0.10%, as it keeps an eye on the 'bumpy' recovery ahead

The RBA kept the official cash rate on hold at 0.10% on Tuesday as expected. With the central bank having run out of monetary ammunition, further stimulus is expected to remain the domain of state and federal governments.

Brisbane diagnostics firm Ellume has secured a $303 million deal to manufacture DIY COVID-19 tests for the US

An Australian medical diagnostics firm has secured A$303 million in US government funding to produce at-home COVID-19 test kits. Ellume will build a new US facility to produce the kits, which it states offer 96% accurate results for about A$40.

Australians are again breaking borrowing records as they pile into a hot housing market, which is predicted to rise by 8% this year

Australian lending has grown yet again, with $26 billion in new borrowing commitments approved in December alone, according to the latest ABS figures.

Scott Morrison warned against getting medical information from Facebook or Craig Kelly — but his own government is using the platform to get the vaccine message out

Australian Prime Minister Scott Morrison has urged Australians to get their medical information directly from the government rather than Facebook, where his backbencher Craig Kelly has been sharing medical misinformation.

One of Uber's earliest investors says the billions it spent on self-driving were a 'waste of money'

Early Uber investor Bill Gurley said the company "burned" billions of dollars on self-driving tech. That money would have been better spend on food delivery, he told journalist Eric Newcomer.

SpaceX's new Starship rocket prototype soared 6 miles above Texas, but exploded during a landing attempt

SpaceX launched a 16-story prototype of its Starship Mars rocket system 10 kilometers (6.2 miles) above Boca Chica, Texas on Tuesday. The prototype, called SN9, was supposed to attempt a soft landing, but the spaceship slammed into the ground sideways and exploded.

GameStop and AMC plunge more than 30% as Reddit short-squeeze begins to fade

Reddit day-traders are failing to hold the line, based on Tuesday's trading activity of GameStop and AMC Entertainment. GameStop plunged 40% on Tuesday after falling 31% in Monday's trading session.

How making simple sustainable choices in your everyday life can create financial benefits

In the latest instalment of The Finance Glow Up, a free online seminar made in partnership with financial provider CUA, two-time podcast host and Toni May creative director Laura Byrne discussed sustainability with CUA money expert Emmanuel Davatzis.

Unsubscribe • Email to a Friend • Privacy Policy

Business Outsider