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đ Update: Short (email) kings
New financial year, new Equity Mates email
Hey there Equity Mate,
As we get into the new financial year weâve been reviewing everything we produce here at Equity Mates. One thing weâve discussed is our Equity Mates emails.
To start with, we asked: what is the job to be done with our emails?
As we see it, our emails serve two purposes:
Keeps you up to date with the news that matters as long-term, patient investors
Shares content that will help you become a better investor
Then the question became, is our current email set up the best way to do that? The short answer was, no. As a result, weâre making some changes as we enter the new financial year:
Firstly, we are merging the Equity Mates and the Get Started Investing mailing list. If you are subscribed to either mailing list, welcome to the combined and improved mailing list.
Secondly, we are making the email shorter. Everyone has too many emails these days, so our commitment to you is that weâre going to be one of the shortest emails you subscribe to. No more than 5 minutes to read. Perfect for a commute or sitting down with a morning coffee.
Finally, weâre moving to daily. Itâs hard to say we keep you up to date with the news when we release twice a week. So every morning, Monday to Friday, weâll be curating the business and investing stories that we think are the most important or the most interesting.
So stay tuned, because from next Monday youâll be receiving a curated selection of the most important business headlines and one longer read that will help you become a better investor.
Thanks for being part of the Equity Mates community,
Bryce & Ren
Hereâs what you can expect
A look at todayâs headlines
The Ozempic boom continues. To try and keep up with global demand, Novo Nordisk will restrict Wegovy sales in China to ensure there is enough supply for the rest of the world
ANZâs $4.9 billion acquisition of Suncorpâs banking business has been approved. This will be the biggest merger in Australian banking since Commonwealth Bank took over Bankwest during the Global Financial Crisis in 2008. As part of the deal, ANZ agreed to not close any regional Suncorp branches for 3 years.
The Financial Times have released a blockbuster investigative report on how a partnership involving Mexican drug cartels and Chinese underground banks is fuelling the fentanyl crisis in America and the expansion of organised crime in Europe.
Boeingâs troubles continue as it faces further sanctions after it âblatantly violatedâ an agreement US government safety regulators. The aerospace giantâs troubles are not even close to over, as Prosecutors push for Boeing to face criminal charges over two Boeing 737 Max 8 plane crashes.